The Latin America, Middle East and Africa Fermented Tea Market would witness market growth of 16.0% CAGR during the forecast period (2021-2027).
Fermented teas can be classified according to how they are processed. Piled teas, including Chinese post-fermented teas and Japanese Toyama kurocha, are fermented with naturally occurring fungus in relatively dry conditions. Other fermented teas, known as pickled teas, are fermented with lactic acid bacteria in a wet procedure. Miang from Thailand, and awabancha from Japan, are two pickled teas. A third group, which includes Japanese Goishicha and Ishizuchi-kurocha, is fermented using a combination of piled and pickling techniques.
Various nutrient-fortified functional beverages are rapidly gaining customers' traction over fizzy beverages and high-sugar juices around the world. The fermented tea is being supplied in culinary places such as restaurants and cafes since it is a rich source of amino acids, probiotics, antioxidants, enzymes, and vitamins that aid in the prevention of different essential conditions. Increased use of natural flavors and fermented tea-based extracts in the production of various foods and beverages, such as flavored candies, morning meals, and ice cream toppings, is also making fermented tea popular among people.
According to the data shared by the African Growth and Opportunity Act, in 2016, Kenya exported tea products worth approximately 26 million dollars, to the United States. The significant number of teas that is being produced across this region is a major factor that is encouraging the production of fermented tea across this region. Moreover, the increasing modernization across this region is another reason that is allowing more people to adopt more nutritious beverages instead of harmful drinks. Moreover, the awareness of people in this region about the health benefits of fermented tea is constantly and rapidly rising.
The Brazil market dominated the LAMEA Fermented Tea Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $225.2 million by 2027. The Argentina market is anticipated to grow at a CAGR of 16.6% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 15.7% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Kombucha, Pu-Erh Tea, and Other Dark Teas. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Fermented Tea Market is Predict to reach $9.2 Billion by 2027, at a CAGR of 14.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
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