The North America Fermented Tea Market would witness market growth of 14.4% CAGR during the forecast period (2021-2027).
Fermented teas are widely being adopted due to several factors including evolving lifestyle and preferences of consumers. People are more inclined toward a healthy and stable lifestyle. The nutritional properties of fermented tea are comparatively higher than regular tea and a few other beverages. Moreover, a broad range of flavors and aromas in fermented tea is making it popular among people. The trend of an all-natural ingredient would also encourage customers to consume fermented tea, as it is processed with a completely natural process.
Antioxidants are compounds that counteract free radicals, which are reactive chemicals that can harm a human cell. However, antioxidants found in foods and beverages are better for consumers' health than antioxidant drugs. Fermented tea appears to exert antioxidant benefits on the consumer's liver, especially when brewed with green tea. The liver toxicity produced by toxic substances is reduced with the consumption of fermented tea on a routine basis.
The United States is a huge importer of fermented tea prevailing in this region. According to the data shared by the observatory of economic complexity, in 2019, the United States was the biggest importer of fermented and partially fermented black tea and accounted for the imported fermented tea worth 141 million US dollars. Moreover, there is an increase in the efforts of the key companies on the development and introduction of innovations in different product portfolios for better customer satisfaction. For instance, Millennium Products, a company in the United States, was the first to bring kombucha tea to the region. In addition, this company dedicated two brands to kombucha tea, namely, GT’S Kombucha and Synergy.
Moreover, the population of the US comprises a significant number of people suffering from obesity. According to the Center for Disease Control and Prevention, the number of people suffering from obesity is considerable. Amid 2017-2018, 42% of the population of the country was obese.
The US market dominated the North America Fermented Tea Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,796.6 million by 2027. The Canada market is estimated to grow at a CAGR of 17% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 16% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Fermented Tea Market is Estimated 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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