Global Barley Tea Market Size To Worth USD 1,658.15 Million By 2033 | CAGR of 4.17%
Category: Consumer GoodsGlobal Barley Tea Market Size To Worth USD 1,658.15 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Barley Tea Market Size is to Grow from USD 1,102.11 Million in 2023 to USD 1,658.15 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 4.17% during the projected period.
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Browse key industry insights spread across 270 pages with 121 Market data tables and figures & charts from the report on the "Global Barley Tea Market Size, Share, and COVID-19 Impact Analysis, By Flavor (Original and Flavored), By Form (Instant and Ready-to-drink), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/barley-tea-market
Barley tea includes no tea leaves and is not considered a legitimate tea like black, green, or white tea. This is also a typical tisane, produced from roasted grains rather than herbal tea. Barley tea is an infusion made from roasted barley seeds. Because of its high fiber content and mild flavor, barley is a staple whole grain that may be found in a variety of foods and beverages, including beer. Though barley tea can be brewed hot or cold, it is most commonly consumed cold due to its attractive properties. Barley tea is mostly grown in Japan and Korea, where it is a favorite summer and winter beverage. One of the key causes promoting barley tea consumption is its perceived health advantages, which include the tea's capability to facilitate digestion and antioxidant properties. Furthermore, the main impediment to barley tea's market expansion is the rising trend in the consumption of coffee and the fluctuating prices of the raw materials used to create barley tea.
The flavored segment accounted for the largest revenue share of the barley tea market during the projected timeframe.
Based on the flavor, the barley tea market is divided into original and flavored. Among these, the flavored segment accounted for the largest revenue share of the barley tea market during the projected timeframe. The flavored section offers a wide range of options, from fruity flavors to herbal infusions, to accommodate a diverse range of palates. Flavored versions can bring out the natural flavor of barley tea, making it more appealing for those who might find the original flavor too subtle or boring.
The ready-to-drink segment is anticipated to grow at the highest CAGR of the barley tea market during the projected timeframe.
Based on the form, the barley tea market is divided into instant and ready-to-drink. Among these, the ready-to-drink segment is anticipated to grow at the highest CAGR of the barley tea market during the projected timeframe. Ready-to-drink barley tea offers the utmost convenience as it is pre-brewed and ready to drink right away. This may be tempting to busy customers seeking a quick and easy beverage substitute that doesn't require much preparation. Because RTD barley tea is portable and available in bottles, cans, and tetra packs, it's ideal for busy lifestyles and outdoor activities.
The offline segment dominates the market with the highest market share of the barley tea market during the projected timeframe.
Based on the distribution channel, the barley tea market is divided into offline and online. Among these, the offline segment dominates the market with the highest market share of the barley tea market during the projected timeframe. Barley tea producers collaborate with supermarkets, hypermarkets, convenience stores, and other major retail chains. These collaborations ensure that barley tea is available to a broad spectrum of customers. These partnerships enable barley tea companies to penetrate markets more successfully and establish a strong presence in both urban and rural locations.
North America is expected to hold the largest share of the barley tea market over the forecast period.
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North America is expected to hold the largest share of the barley tea market over the forecast period. This domination is due to North American consumers being influenced by the rising popularity of barley tea in Asian cultures, especially in varied metropolises where interest in Asian cuisine and wellness practices is developing. Brands are emphasizing environmentally friendly packaging and sustainable barley sourcing to appeal to consumers with care about the environment. Barley tea is also being promoted by dietitians, wellness influencers, and health experts as a healthier alternative to sugar-filled and caffeinated beverages.
Europe is predicted to grow at the fastest pace in the Barley Tea Market during the projected timeframe. The increased emphasis on health and well-being among European consumers is driving this dominance in the market for functional beverages including barley tea, which is well-known for its health benefits such as being caffeine-free, aiding in digestion, and providing antioxidants. Real, authentic Asian beverages including barley tea are gaining popularity among European customers as part of their culinary exploration. Additionally, there is a rising emphasis on sustainable packaging solutions, such as recyclable and biodegradable materials, in response to consumer demand for environmentally friendly products.
Major vendors in the barley tea market are Ito En, Suntory Beverage & Food, Kirin Holdings, Otsuka Pharmaceutical, Jinjja Barley Tea, Haitai, The Republic of Tea, Odani kokufun, Lotte, Ten Ren Tea Company, Ladakhi Foods Pvt. Ltd, Java Tea Company, Sanei Kosan Co., Ltd., Nikken Foods, and others.
Recent Developments
- In April 2023, Shiga Prefecture stated to contain Lake Biwa, Japan's largest lake, released a new batch of Omi barley tea. The extraordinary quality of the barley in this region is credited to its mineral-rich soil and availability of sunshine.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the barley tea market based on the below-mentioned segments:
Global Barley Tea Market, By Flavor
- Original
- Flavored
Global Barley Tea Market, By Form
- Instant
- Ready-to-drink
Global Barley Tea Market, By Distribution Channel
- Offline
- Online
Global Barley Tea Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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