The global Slimming Tea Market size is anticipated to be worth USD 7.4 billion in 2022 and it is expected to surpass USD 11.5 billion by 2032.
The demand for slimming tea is growing at an astounding CAGR of 9.2% between 2022 and 2032, owing to:
Customers are concentrating on creating a practical and healthy diet that includes drinking slimming tea as a result of their busy lifestyles and lack of physical exercise. Additional factors that assist market development include the availability of slimming tea in both online and offline retail locations, accessible and appealing packaging, an increase in the number of cafés, and an increase in disposable income.
| Report Attribute | Details |
|---|---|
| Slimming Tea Market Estimated Base Year Value (2021) | USD 6.1 Billion |
| Slimming Tea Market Expected Market Value (2022) | USD 7.4 Billion |
| Slimming Tea Market Anticipated Forecast Value (2032) | USD 11.5 Billion |
| Slimming Tea Market Projected Growth Rate (2022 to 2032) | 9.2% CAGR |
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Asia Pacific held more than 35% share of the slimming tea market in 2021. The regional market is being driven by the increased demand for healthy teas and functional drinks. Green tea production accounted for 32% of world output in 2019. 84% of the tea imported into the nation is exported as green tea.
Purple tea, fruit teas, and herbal teas are also quite popular. Slimming tea companies in the region are introducing novel tastes to influence customers' purchasing habits. The growing demand for slimming tea from consumers who respect their health presents an opportunity for manufacturers of slimming tea to increase their market share.
Over the projection period, the European market is predicted to grow the quickest. The growing demand for low-sugar meals is what is driving the slimming tea business in Europe.
For instance, the European Commission authorized Rebaudioside M (Reb M) for use in foods and drinks in 2021. With the help of this project, manufacturers should be able to investigate fresh tools for reducing sugar in a range of product categories.
The slimming tea market is relatively concentrated with a few large multinational corporations controlling the majority of the industry. To achieve a competitive market edge that results from these synergies, major firms including Associated British Foods, Tata Consumer Products Limited, and Numi, Inc. are concentrating on new product innovations, acquisitions, and alliances.
Slimming tea is considered to be a type of herbal tea that helps in digestion and maintaining the metabolism in an individual’s body. It consists of special compounds that act as a metabolism booster by burning calories. These compounds also act as fat blockers by releasing body toxins.
This type of tea can reduce sugar cravings and act as an appetite suppressor, thereby lowering the intake of calories. It is capable of detoxifying the body and preventing chronic diseases, such as cancer.
Besides, slimming tea improves brain functioning, delays signs of aging, helps to lose weight, detoxifies the body, reduces abdominal fats, and enhances mind wellness. The easy availability of a wide range of teas in the market, including herbal tea, black tea, ginger tea, peppermint tea, calendula tea, and hibiscus tea is likely to bode well for the market.
The rising prevalence of various health issues, such as diabetes, cardiovascular diseases, and obesity owing to the lack of physical activities and busy lifestyles of people is expected to bolster the sales of slimming tea in the assessment period. The increasing incidence of diabetes has compelled people to focus more on the adoption of a healthy and convenient diet, which is set to influence the market.
According to the World Health Organization (WHO), the number of people suffering from diabetes grew from 108 million in 1980 to 422 million in 2014. There was a 5% increase in premature mortality associated with the disease between 2000 and 2016. These numbers are estimated to grow at a fast pace in future years, thereby propelling the global market.
The bitter taste of slimming tea often urges consumers to incline toward other alternatives, such as exercise and dieting. This factor may hamper the slimming tea market growth in the evaluation period. In addition to that, some of the slimming teas contain senna, which can cause short-term health problems, such as abdominal cramps, diarrhea, and nausea. The production of this type of tea is not regulated by government bodies and this may decline in its sales in the future.
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The rising number of cafes, attractive and convenient packaging of slimming tea and high disposable income of people in China and India are estimated to bolster the Asia Pacific slimming tea market share in the assessment period. The easy availability of slimming tea at offline and online stores is another factor that is set to augur well for the regional market.
In March 2022, for instance, NRI Chaiwala, a reputed tea shop in Delhi, launched multiple flavors of ‘Tea Leaf’ that include herbal chai, kadha chai, tandoori chai, mulethi chai, ginger lemon tea, and many more. This new range of tea flavors has many beneficial properties and will help the company to attract more consumers. Similar other product launches by renowned companies are expected to fuel the Asia Pacific market.
The availability of various types of slimming teas with innovative flavors, such as blueberry, orange, raspberry, and lemon in the USA and Canada is expected to drive the North American slimming tea market size in the forthcoming years. The high demand for caffeine-free and sugar-free teas in these countries is another significant factor that is projected to propel the market.
The presence of many small and medium manufacturers, as well as the low cost of manufacturing, is likely to augur well for the North American market. The rising prevalence of obesity in the USA is also set to accelerate the market.
As per the Centers for Disease Control and Prevention (CDC), the prevalence of obesity was 42.4% in the USA between 2017 to 2018. This trend is projected to continue throughout the forthcoming years, thereby pushing sales of slimming tea across North America.
Some of the leading companies operating in the global slimming tea market include Sira Impex Pvt. Ltd., Tea Treasure, Changzhou Kakoo Tea Foodstuff Co., Ltd., Hyleys, Swastik Eucalyptus Oil Co., 21stCentury Healthcare, Inc., Okuma Nutritionals, Kudos Ayurveda, Triple Leaf Tea Inc., Himalayan Brew Tea Factory, HERBALGREENLAB, Denmark, Tea Aroma, and Imperial Tea Groups among others.
Reputed companies are mainly focusing on launching various innovative products to cater to the surging demand from consumers. Meanwhile, a few other companies are engaging in partnerships and collaborations to co-develop new products as per the specific requirements of consumers to gain a competitive edge.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Form, Nature, End Use, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | Sira Impex Pvt. Ltd.; Tea Treasure; Changzhou Kakoo Tea Foodstuff Co., Ltd.; Hyleys; Swastik Eucalyptus Oil Co.; 21stCentury Healthcare, Inc.; Okuma Nutritionals; Kudos Ayurveda; Triple Leaf Tea Inc.; Himalayan Brew Tea Factory; HERBALGREENLAB; Deemark; Tea Aroma; Imperial Tea Groups |
| Customization | Available Upon Request |
The slimming tea market is predicted to grow at 9.2% CAGR through 2032.
Asia Pacific slimming tea holds the highest revenue potential.
The slimming tea market is expected to surpass USD 11.5 Billion by 2032.
The slimming tea market size is anticipated to be over USD 7.4 Billion in 2022.
| Market Size, 2024 | USD 6,753 million |
|---|---|
| Market Size, 2034 | USD 12,132 million |
| Value CAGR (2024 to 2034) | 6.0% |
| Expected Market Value (2023) | USD 3,962.7 million |
|---|---|
| Anticipated Forecast Value (2033) | USD 7,693.5 million |
| Projected Growth Rate (2023 to 2033) | 7.3% CAGR |
| Market Size (2023) | USD 1.72 billion |
|---|---|
| Market Size (2033) | USD 5.4 billion |
| Market CAGR (2023 to 2033) | 12% |
| Market Size (2023) | USD 1.24 billion |
|---|---|
| Market Size (2033) | USD 2.69 billion |
| Market CAGR (2023 to 2033) | 8.0% |
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