Global Peppermint Tea Market, Trends & Growth Opportunity, By Tea Form (Loose Leaves, Tea Powder, Teabags), By Caffeine Content (With Caffeine, Caffeine Free), By Flavor (Original Unflavored, Flavored), By Region and Forecast Till 2030.
Global Peppermint Tea Market
The global peppermint tea market was valued at USD 209.82 Mn in 2022 and is expected to expand to USD 346.37 Bn by 2030 at a CAGR of 6.34% during the forecast period 2023-2030.
Peppermint tea is a natural, caffeine and calorie-free drink. It is derived from Peppermint herbs which are native to Asia and Europe. Peppermint is slightly sweet and minty. Consumption of peppermint tea has been associated with several health benefits such as alleviating migraines, relieving stress, improving digestion, and increasing focus.
Market Drivers
The global peppermint tea market is driven by rising consumer awareness about peppermint's health benefits. This trend is supported by the availability of easy, ready-to-drink tea products and mixes.
The covid-19 pandemic helped boost the demand for herbal teas because of their immunity-improving properties. Many tea consumers are not hesitating to try other tea flavors, and peppermint has caught on popularity among tea drinkers. The shift in consumer habits to herbal and natural beverages is helping in the expansion of the peppermint tea market.
Market Restraints
A lack of consumer awareness may hamper the rapid growth of the peppermint tea market worldwide. Unwillingness to switch to herbal teas from other dominant consumer beverages, such as coffee, will also be a challenge. Peppermint tea has a strong, sharp, and minty flavor. The flavor may not be appealing to everyone, hence restricting the demographic of consumers worldwide.
Market Segmentation
The global peppermint tea market is segmented based on the tea form, such as loose leaves, tea powder, and tea bags. Based on caffeine content, it is segmented into with-caffeine and caffeine-free. Further, the market is segmented by flavors, such as original unflavored and flavored.
Regional Analysis
Europe is likely to dominate the global peppermint tea market, closely followed by North America. The presence of several longstanding tea companies in Europe, especially in the UK, is a key reason for the European market's dominance over the peppermint tea market.
Asia Pacific is likely to register significant growth due to changing consumer preferences for natural and herbal products.
Key Players
Twinings (UK), Traditional Medicinals (US), Lipton (UK), Hojicha (Japan), Te-A-Me (India), Teapigs (UK), East West Tea Company (US), Teamonk (India), Teazen (South Korea), Joe’s Tea Co (UK), From Great Origins (US), Dilmah Ceylon Tea Co (Sri Lanka), Hain Celestial Group (US).
Market Taxonomy
By Tea Form
• Loose Leaves
• Tea Powder
• Teabags
By Caffeine Content
• With Caffeine
• Caffeine Free
By Flavor
• Original Unflavored
• Flavored
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Peppermint Tea Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Peppermint Tea Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Peppermint Tea Market, By Tea Form
5.1 Y-o-Y Growth Comparison, By Tea Form
5.2 Global Peppermint Tea Market Share Analysis, By Tea Form
5.3 Global Peppermint Tea Market Size and Forecast, By Tea Form
5.3.1 Loose Leaves
5.3.2 Tea Powder
5.3.3 Teabags
6 Global Peppermint Tea Market, By Caffeine Content
6.1 Y-o-Y Growth Comparison, By Caffeine Content
6.2 Global Peppermint Tea Market Share Analysis, By Caffeine Content
6.3 Global Peppermint Tea Market Size and Forecast, By Caffeine Content
6.3.1 With Caffeine
6.3.2 Caffeine Free
7 Global Peppermint Tea Market, By Flavor
7.1 Y-o-Y Growth Comparison, By Flavor
7.2 Global Peppermint Tea Market Share Analysis, By Flavor
7.3 Global Peppermint Tea Market Size and Forecast, By Flavor
7.3.1 Original Unflavored
7.3.2 Flavored
8 Global Peppermint Tea Market, By Region
8.1 Global Peppermint Tea Market Share Analysis, By Region
8.2 Global Peppermint Tea Market Size and Forecast, By Region
9 North America Peppermint Tea Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Peppermint Tea Market Share Analysis, By Tea Form
9.3 North America Peppermint Tea Market Size and Forecast, By Caffeine Content
9.4 North America Peppermint Tea Market Size and Forecast, By Flavor
9.5 North America Peppermint Tea Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Peppermint Tea Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Peppermint Tea Market Share Analysis, By Tea Form
10.3 Europe Peppermint Tea Market Size and Forecast, By Caffeine Content
10.4 Europe Peppermint Tea Market Size and Forecast, By Flavor
10.5 Europe Peppermint Tea Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Peppermint Tea Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Peppermint Tea Market Share Analysis, By Tea Form
11.3 Asia Pacific Peppermint Tea Market Size and Forecast, By Caffeine Content
11.4 Asia Pacific Peppermint Tea Market Size and Forecast, By Flavor
11.5 Asia Pacific Peppermint Tea Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Peppermint Tea Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Peppermint Tea Market Share Analysis, By Tea Form
12.3 Latin America Peppermint Tea Market Size and Forecast, By Caffeine Content
12.4 Latin America Peppermint Tea Market Size and Forecast, By Flavor
12.5 Latin America Peppermint Tea Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Peppermint Tea Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Peppermint Tea Market Share Analysis, By Tea Form
13.3 Middle East Peppermint Tea Market Size and Forecast, By Caffeine Content
13.4 Middle East Peppermint Tea Market Size and Forecast, By Flavor
13.5 Middle East Peppermint Tea Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Twinings (UK)
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Traditional Medicinals (US)
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Lipton (UK)
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Hojicha (Japan)
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Te-A-Me (India)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Teapigs (UK)
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 East West Tea Company (US)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Teamonk (India)
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Teazen (South Korea)
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Joe’s Tea Co (UK)
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 From Great Origins (US)
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Dilmah Ceylon Tea Co (Sri Lanka)
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Hain Celestial Group (US)
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
