Market Research Future (Food and Beverages) Flavored Tea Market Research Report- Forecast | Page 4

Flavored Tea Market Research Report- Forecast to 2023
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The global flavored tea market is segmented into type, flavor, and distribution channel.
On the basis of the type, it is segmented into black tea, green tea, white tea, and others. Among them, the black tea
is dominating the market. However, the green tea is anticipated to be the fastest growing segment over the forecast
period.
On the basis of the flavor, it is segmented into fruits, herbs, spices, and others. Among all, the herbs segment is
anticipated to dominate the market followed by the fruits segment. However, the spices segment is projected to be
the fastest growing segment during the estimated period.
On the basis of the distribution channel, it is segmented in store-based, and non-store based. Among both, owing
to the one-stop shopping experience, the store-based distribution channel is dominating the market.
Regional Analysis:
The global flavored tea market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW).
Among all, Asia Pacific region is expected to grow rapidly over the forecast period. Growing per capita disposable
income coupled with the increasing awareness of health benefits among the consumers in developing economies
like India, China, and Indonesia is a significant reason for the market growth. Additionally, China and India offer a
lucrative opportunity for the flavored tea manufacturers in the Asia Pacific region. Europe is expected to witness a
healthy growth during the review period.
North America is estimated to show slow growth due to the mature market in the U.S. However; Latin American
region is projected to show high potential in the flavored tea market due to the increasing disposable income in this
region.
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