The global organic tea market is expected to experience strong growth at a compound annual growth rate (CAGR) of 8.2% from 2022 to 2032, according to a report from Future Market Insights (FMI).
The report predicts that the organic tea market will reach a value of $1.2 billion in 2022 and $2.6 billion by 2032, accounting for about 1% of the overall functional beverage market, which is expected to be worth $122.5 billion by the end of 2022.
The growth of the organic tea market is being driven by consumer awareness of safer alternatives to conventional products and the trend towards healthy hydration, leading to increased demand for nutritionally-rich specialty teas. Leading manufacturers are investing in the development of new and innovative variants of organic tea to meet the needs of modern consumers and prioritize wellness, sustainability, and health.
Future Market Insights is an ESOMAR-certified business consulting and market research firm. If you would like to learn more about their report, you can visit their website at: FutureMarketInsights.com/Reports/Organic-Tea-Market