Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Fermented Tea Market size is expected to reach $9.2 billion by 2027, rising at a market growth of 14.7% CAGR during the forecast period.
The Offline segment acquired maximum revenue share in the Global Fermented Tea Market by Distribution Channel 2020, thereby, achieving a market value of $6.7 billion by 2027. This is owing to the increasing availability of the product across the market. The fermented tea is widely available in retail stores, general stores, hypermarkets, supermarkets, and convenience stores. In addition, fermented tea is available in various pharmaceutical stores as well. Moreover, offline shopping also allows the consumer to quickly and easily return the product if it is damaged or expired.
The Pu-Erh Tea market is showcasing a CAGR of 15.4% during (2021 - 2027). The leaves and stems of the Camellia sinensis plant are used to make Pu-Erh tea. The growth of this segment is attributed to the fact that this tea helps in enhancing the mental alertness and sharpness of the consumer. Moreover, it is also helpful in the treatment of diabetes, obesity, and high cholesterol.
The Asia Pacific is fastest growing region in the Global Fermented Tea Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.1 billion by 2027. The Europe market is poised to grow at a CAGR of 14.2% during (2021 - 2027). Additionally, The North America market would witness a CAGR of 14.4% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/fermented-tea-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Mandala Tea, LLC, Hunan Province Baishaxi Tea Industry Co., Ltd., PepsiCo, Inc., GT’s Living Foods LLC, LIVE Soda, LLC, Humm Kombucha LLC, The Hain Celestial Group, Inc., Chr. Hansen holding A/S, Buddha Teas, and Earth Therapeutics Ltd.
By Distribution Channel
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