USD 8.88 billion
Slimming Tea Market Size, Share, Growth Analysis, By Product(Black Tea, Green Tea, Herbal Tea, Others), By Distribution Channels(Hypermarket, Convenience Stores, Online and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30G2022 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Slimming Tea Market Insights
Global Slimming Tea Market size was valued at USD 8.88 billion in 2021 and is poised to grow from USD 9.4 billion in 2022 to USD 14.81 billion by 2030, growing at a CAGR of 5.85% in the forecast period (2023-2030).
A blend of herbs, hunger suppressants, antioxidants, metabolism-boosters, flat-blockers, vitamins, minerals, and proteins make up slimming tea. This tea aids in weight loss, boosts metabolism, increases mental clarity, aids in digestion, reduces abdominal fat, delays the onset of age, detoxifies the body, lowers the risk of cancer, and enhances cognitive performance. Black tea, white tea, hibiscus tea, peppermint tea, green tea, herbal tea, chamomile tea, calendula tea, and ginger tea are some of the several types of slimming tea that are sold in the market. The primary causes of the rise in health difficulties like obesity, cardiovascular illnesses, and diabetes are a busy lifestyle and a lack of physical activity. Consuming slimming tea as part of a simple and healthy diet has become increasingly important for consumers as a result. Moreover, an increase in disposable income, practical and appealing packaging for slimming tea, an increase in the number of cafés, and the availability of slimming tea in both online and offline retail outlets are other factors that support market expansion. Although the bitter flavour of slimming tea tempts customers to switch to other alternatives like dieting and exercise, this is anticipated to impede the expansion of the slimming tea market in the years to come.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Green Tea
Fastest Growth
Green Tea
Growth Rate
5.85% CAGR
Global Slimming Tea Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Slimming Tea Market Segmental Analysis
Global Slimming Tea Market is segmented on the basis of Product, Distribution Channels, and region. By Product, the market is segmented into Black Tea, Green Tea, Herbal Tea and Others. By Distribution Channels, market is segmented into Hypermarkets, Convenience Stores, Online, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
Due to its antioxidant characteristics, the green tea segment dominated the global market. Green tea with aromas like sour berries and earthy echinacea was introduced in 2021 by specialty tea firm Bigelow Tea in the United States. A green tea and matcha blend with other useful ingredients were also introduced by ITO EN in April 2021.
In 2021, the herbal category accounted for a sizable portion of the market thanks to customers' increasing desire for herbal teas. Herbs, flowers, fruits, plant species, and roots from tea and non-tea plant species are used to make herbal teas. In comparison to other types of tea, the majority of herbal teas are naturally sugar- and caffeine-free, and they also have lesser antioxidant levels than green tea. In addition, consumers who are caffeine sensitive or want to reduce their caffeine intake might turn to herbal tea.
Analysis by Distribution Channels
In 2021, the hypermarkets and supermarkets segment dominated the global market. The market is being driven by an increase in the use of beverages like tea and coffee at home. Due to the longer stay-at-home there has been an increase in beverage consumption at home.
Considering that many customers are utilizing e-commerce platforms, the online category is anticipated to grow at the fastest CAGR throughout the projection period. For instance, Grocery Outlet Holding Inc. claims that a rise in grocery e-commerce demand presents a chance for numerous businesses to experiment with new business models.
Global Slimming Tea Market Size By Product 2022 (%)
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Slimming Tea Market Regional Insights
Asia Pacific dominated the global market in 2021. The regional market is being driven by the increased demand for functional beverages and healthy teas. 32% of the world's production of green tea was produced. 84% of the tea imported into the nation is included in the green tea exports. Also, demand for fruit teas, purple teas, and herbal teas is increasing.
Over the projected period, it is anticipated that the European market will expand most quickly. The increased demand for low-sugar foods is driving the market for slimming tea in Europe. The European Commission, for instance, authorized the use of Rebaudioside M (Reb M) in foods and beverages in 2021. The goal of this effort is to give producers the opportunity to investigate fresh tools for reducing sugar in various product categories.
Global Slimming Tea Market Size By Geography, 2022-2030
- Largest
- Fastest
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Slimming Tea Market Dynamics
Drivers
Increasing health consciousness
- Slimming tea is perceived as a natural and healthy way to support weight loss, as it is made from natural ingredients such as green tea, oolong tea, and herbal extracts that are believed to have weight loss properties. In addition, many people are adopting healthier lifestyles that include regular exercise and a balanced diet, and slimming tea is often seen as a complementary product that can aid in their weight loss journey. With the increasing awareness about the health benefits of slimming tea, more and more people are incorporating it into their daily routine.
Rising obesity rates
- The natural ingredients in slimming tea are believed to help boost metabolism, suppress appetite, and reduce the absorption of fat and calories, all of which can contribute to weight loss. Furthermore, as obesity rates continue to rise, governments and healthcare organizations are increasing their efforts to promote healthy living and weight management.
Restraints
Side effects
- Many slimming tea manufacturers are taking steps to ensure the safety of their products. They are using high-quality ingredients and ensuring that their products are free from harmful chemicals and additives. Some manufacturers are also conducting clinical trials to demonstrate the safety and efficacy of their products.
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Slimming Tea Market Competitive Landscape
The global slimming tea market is crowded with competitors, including Sira Impex Pvt. Ltd., Tea Treasure, Swastik Eucalyptus Oil CoOkuma Nutritionals, Himalayan Brew Tea Factory, HERBAL GREENLAB, Deemark, Tea Aroma, and Imperial Tea Companies, among others. Over the course of the forecast period, it is anticipated that the slimming tea market will become more competitive as key players concentrate on a variety of strategies, including product innovation for various uses and marketing the advantages of products like green tea, white tea, black tea, and others. Also, the manufacturers are anticipated to drive market expansion through new product launches, partnerships, and product developments with new flavors and shapes.
Top Player’s Company Profiles
- ITO EN, Ltd.
- Celestial Seasonings, Inc. (The Hain Celestial Group, Inc.)
- Nestlé S.A.
- Unilever plc
- Tata Consumer Products Limited
- Bigelow Tea Company
- Dilmah Ceylon Tea Company PLC
- Numi Organic Tea
- Teavana (Starbucks Corporation)
- Harney & Sons Fine Teas
- R. Twining and Company Limited (Associated British Foods plc)
- Twinings North America (The Hain Celestial Group, Inc.)
- The Republic of Tea, Inc.
- Yogi Tea (East West Tea Company, LLC)
- Lipton (Unilever plc)
- Traditional Medicinals
- The Mighty Leaf Tea Company
- Harrogate Tea & Coffee Company Ltd.
- DAVIDsTEA Inc.
- The Kent and Sussex Tea and Coffee Company
Recent Developments
- In September 2022, NRI Chaiwala introduced an extensive selection of chai flavors to the market including masala tea, herbal tea, tandoori chai, lemon tea.
- In August 2022, Nestle Health Science acquired a portion of Orgain's stock. The development of nutrition products from Nestle Health Science as a result of this partnership would enhance the company's current product lineup.
Slimming Tea Key Market Trends
Growing popularity of green tea-based slimming tea
- Green tea contains antioxidants and compounds like catechins and caffeine, which are known to boost metabolism and aid in weight loss. These compounds work together to increase fat oxidation and thermogenesis, which leads to an increase in energy expenditure and fat burning. Moreover, green tea-based slimming teas are often marketed as natural and safe alternatives to traditional weight loss products that contain harmful chemicals and additives.
Slimming Tea Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global slimming tea market analysis, the market players are focusing on product innovation and differentiation to gain a competitive edge. Many manufacturers are introducing new flavours and blends of slimming teas to cater to the diverse preferences of consumers. The demand for green tea-based slimming teas is on the rise due to the numerous health benefits associated with green tea. Green tea contains antioxidants and compounds that are known to boost metabolism and aid in weight loss. As a result, many slimming tea manufacturers are using green tea as a key ingredient in their products. However, the market growth is restrained by factors such as the side effects associated with some slimming tea products, the availability of alternative weight loss solutions, and the lack of stringent regulations governing the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.88 billion |
| Market size value in 2031 | USD 14.81 billion |
| Growth Rate | 5.85% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Slimming Tea Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Slimming Tea Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Slimming Tea Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Slimming Tea Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Slimming Tea Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Slimming Tea Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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