Global Herbal Drinks Market Size, Trends, and Growth Opportunity, By Type (Herbal Tea, Healthcare Drink, Sports Drink, Others), By Application (Normal Drinking, Functional Drinking, Other), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Global Herbal Drinks Market
The Global Herbal Drinks Market was valued at USD 1.69 billion in 2022 and is expected to expand to USD 2.76 billion in 2030 at a CAGR of 6.32 % during the forecast period 2023-2030.
Herbal Drinks are made from fresh or dried flowers, immature fruits, leaves, seeds, and/or roots by the process of infusion or decoction of the source materials including herbs.
Market Drivers
The growing demand for herbal products and rising awareness among people regarding the advantages associated with drinks such as replenishing skin from the inside, enhancing women's health, sex stimulation and healthy joints, and rejuvenating body act as major factors for driving the herbal drinks market growth during the forecast period.
Furthermore, the growing population and increasing consumption of organic products propel market growth. The increasing demand for naturally prepared drinks propels the growth of the market. Additionally, growing government initiatives and support towards herbal healthcare products have driven the growth of the market.
Market Restraints
The growing cost of the product along with the unavailability of labor hinders the growth of the Herbal Drinks market. Furthermore, lack of awareness among people and easy availability of product substitutes restrain the market growth during the forecast period.
COVID-19 Impact on Herbal Drinks Market
The outbreak of covid-19 significantly impacted the market to the rising demand for herbal drinks to improve immunity in covid-19 patients. As covid-19 is a novel disease and the lack of specific medications available to treat the disease increases people's focus on herbal supplements to improve body response to fight against disease by improving immunity driving the market during a pandemic.
Impact of Russia Ukraine War on the Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the herbal drinks market:
Disruptions in the supply chain: Many Herbal Drinks manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting herbal drinks production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as the demand for herbal drinks in the region.
Market Segmentation
The Global Herbal Drinks Market is segmented on the basis of type and application, and Region. Based on Product Type, it is segmented into Herbal Tea, Healthcare Drinks, Sports drinks, and Others. Based on Application, it is segmented into Normal Drinking, Functional Drinking, and Other. Based on Region, it is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Analysis
Asia-Pacific is likely to dominate the market over the forecast period owing to growing innovation in flavors, rising health awareness among the people regarding the health benefits of tea, and the growing population in this region. Additionally, the increasing number of food tourists also driven the market
Europe and North America are also anticipated to witness substantial growth during the forecast period due to the growing demand for organic products and rising trends of herbal products among adults.
Key Players
Various key players are listed in this report such as The Coca-Cola Company, PepsiCo, Nestle, Unilever, Suntory Holdings Limited, Danone, Keurig Dr. Pepper Inc, RED BULL, Kirin Holdings Company, Limited, Ting Hsin International Group, Hangzhou Wahaha Group Co Ltd, Uni-President, Nongfu Spring.
Market Taxonomy
By Product Type
• Herbal Tea
• Healthcare Drink
• Sports Drink
• Others
By Application
• Normal Drinking
• Functional Drinking
• Other
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Herbal Drinks Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Herbal Drinks 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 Herbal Drinks 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& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Herbal Drinks Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.3 Global Herbal Drinks Market Share Analysis, By Type
5.3 Global Herbal Drinks Market Size and Forecast, By Type
5.3.1 Herbal Tea
5.3.2 Healthcare Drink
5.3.3 Sports Drink
5.3.4 Others
6 Global Herbal Drinks Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Herbal Drinks Market Share Analysis, By Application
6.3 Global Herbal Drinks Market Share Analysis, By Application
6.3.1 Normal Drinking
6.3.2 Functional Drinking
6.3.3 Other
7 Global Herbal Drinks Market, By Region
7.1 Global Herbal Drinks Market Share Analysis, By Region
7.2 Global Herbal Drinks Market Share Analysis, By Region
8 North America Herbal Drinks Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Herbal Drinks Market Share Analysis, By Type
8.3 North America Herbal Drinks Size and Forecast, By Application
8.4 North America Herbal Drinks Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Herbal Drinks Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Herbal Drinks Market Share Analysis, By Type
9.3 Europe Herbal Drinks Market Size and Forecast, By Application
9.4 Europe Herbal Drinks Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Herbal Drinks Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia-Pacific Herbal Drinks Market Size and Forecast, By Type
10.3 Asia-Pacific Herbal Drinks Market Size and Forecast, By Application
10.4 Asia-Pacific Herbal Drinks Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Herbal Drinks Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Herbal Drinks Market Size and Forecast, By Type
11.3 Latin America Herbal Drinks Market Size and Forecast, By Application
11.4 Latin America Herbal Drinks Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2. Rest of Latin America
12 Middle East Herbal Drinks Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Herbal Drinks Market Share Analysis, By Type
12.3 Middle East Herbal Drinks Market Size and Forecast, By Application
12.4 Middle East Herbal Drinks Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1. The Coca-Cola Company
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. PepsiCo
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Nestle
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4. Unilever
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5. Suntory Holdings Limited
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6. Danone
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7. Keurig Dr. Pepper Inc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8. RED BULL
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9. Kirin Holdings Company,Limited
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10. Ting Hsin International Group
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11. Hangzhou Wahaha Group Co Ltd
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12. Uni-President
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies
14.13. Nongfu Spring
14.13.1 Overview
14.13.2 Offerings
14.13.3 Key Financials
14.13.4 Business Segment & Geographic Overview
14.13.5 Key Market Developments
14.13.6 Key Strategies
