(Food-Beverage-News.Com, January 12, 2023 ) Maximize Market research has published a market intelligence report on Craft Tea Market. Global market was USD 330.21 Mn in 2021. As per the report, total market opportunity by 2029 will be USD 458.91 Mn.
Crafted Tea Market Scope and Research Methodology
The report focuses on crafted tea value and volume at regional, sub-regional and country level. The research provides a clear representation of the overview of the crafted tea market in the forecast period, which includes micro and macro market trends, pricing analysis and strategic analysis of the leading players. It a detailed report focusing on market growth drivers, regional analysis, market share and leading segments. For better understanding, the crafted tea market is divided into three segments: product type, end-user and distribution channel. The report a also provides detailed analysis of key players with major collaborations, merger & acquisitions along with trending innovation and business policies. The report reader can identify the footprints of the manufacturers by knowing their price, revenue and sales. The overall market size has been ranalyzingd by analysing historical data and future prospects.
One of the major growth drivers of the market is rising awareness of the health advantages associated the consumption of crafted tea. The market growth is hampered by the lack of understanding regarding proper farming practices for the crafted tea.
Crafted Tea Market Regional Insights
During the forecast period, the North America region is expected to dominate the global crafted tea market. The growth of the market in the region is mainly attributed to the rising number of tea manufacturers and increasing demand for crafted tea.
Fruit Tea Market - The market size is expected to reach USD 6 billion by 2029 at a CAGR of 9.6 percent during the forecast period. The market is expected to be driven by growing popularity of the beverage among the health-conscious portion of the population.
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