Impact of COVID-19 Outbreak on Functional Tea Market – Industry Share Report 2027
Market Overview Global Functional Tea Market is projected to be valued at USD 12,942.3 Million by 2026, expanding at a CAGR of 6.15% during the forecast period . Functional tea is a beverage that is infused with healthy, functional ingredients. Such types of teas are intended to provide additional health benefits. The consumption of functional tea is increasing worldwide due to its medicinal properties, followed by a pleasant flavor, and mildly stimulating effects. The growth of the global functional tea market is driven by the high demand for functional beverages and several flavor variants. The increasing demand for organic products worldwide is also expected to offer a lucrative opportunity to market players in the coming years. However, climatic changes, high costs of functional tea as compared to its regular counterpart, and limited natural resources are expected to hamper the growth of the global market during the forecast period. Europe constituted a dominant share of