The North America Slimming Tea Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030).
Brands offer personalized slimming tea solutions, allowing customers to choose blends tailored to their health goals and flavor preferences. Subscription services that regularly deliver slimming teas to consumers' doorsteps have gained popularity. These services provide convenience and introduce consumers to a variety of blends. Unique flavor profiles and infusions, such as hibiscus and rosehip or matcha and moringa, are emerging to distinguish brands and cater to diverse tastes. Manufacturers are increasingly investing in scientific research to validate the efficacy of their slimming tea products. Clinical studies and evidence-based claims are becoming more prevalent in marketing.
Innovative tea makers and machines that automate the brewing process and customize tea concentrations and temperatures based on individual preferences. Apps and platforms that use artificial intelligence to suggest slimming tea blends based on an individual's health goals, dietary restrictions, and taste preferences. The development of entirely eco-friendly packaging solutions, including biodegradable tea bags and sustainable packaging materials, to reduce the environmental footprint of slimming teas. Integration of nutritional analysis tools into slimming tea brands' websites and apps, allowing consumers to track their tea intake's impact on their overall nutrition and wellness.
The rise in obese and overweight people and the region's aging population are the leading causes of the increased demand for slimming tea in North America. According to the United States Centers for Disease Control and Prevention, in the US, the prevalence of obesity was 41.9% from 2017 to March 2020. The prevalence of child obesity has increased by 300%, and now, over one in three American children are overweight or obese. Adults in the ages of 20 and 39 had an obesity prevalence of 39.8%, adults between the ages of 40 and 59 had a prevalence of 44.3%, and people beyond the age of 60 had a prevalence of 41.5%. The yearly medical expenditures of obesity in the United States were projected to be nearly $173 billion in 2019. Medical expenses for adults with obesity were $1,861 more than those within a healthy weight range.
Moreover, a similar trend is visible in Canada as well. According to data from the Government of Canada, regardless of sex, adults living in rural areas have a greater rate of obesity than adults living in metropolitan areas. A third (31.4%) of Canadian adults live in rural areas and are obese. A quarter of Canadian adults (25.6%) who live in cities are obese. Accordingly, rural areas had 5.8 more cases of obesity on average per 100 adult residents than urban areas. These factors will help grow the region’s market.
The US market dominated the North America Slimming Tea Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,787.9 Million by 2030. The Canada market is exhibiting a CAGR of 9.1% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 8.1% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Online, and Others. Based on Product, the market is segmented into Green Tea, Herbal Tea, Black Tea, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Slimming Tea Market is Predict to reach $14.3 Billion by 2030, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A, Tata Consumer Products Limited (Tata Group), Ito En, Ltd., Unilever PLC, Associated British Foods PLC (Wittington Investments Limited), The Hain Celestial Group, Inc., Adagio Teas, Triple Leaf Tea, Inc., Dilmah Ceylon Tea Company PLC (Dilmah), and Hankook Tea.
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