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As consumers seek alternatives to traditional caffeinated beverages, the demand for fruit and herbal teas has increased. Companies like TeaFruit Brands, HerbalHarvest Farms, and NutriTea Producers play a pivotal role in offering a wide range of flavorful and health-conscious tea options.
See the market overview of Herbal Tea in Philippines at a glance including real-time offers, market prices, news, insights, suppliers, trade data and more.
Understand the latest market trends and future growth opportunities for the Tea industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
The Herbal/Traditional Products in Philippines report includes: Analysis of key supply-side and demand trends. Detailed segmentation of international and local products. Historic volume and value sizes, company and brand market shares. Five year forecasts of market trends and market growth.
In 2023, the bubble tea industry in the Philippines generated approximately 45 billion PHP in revenue, with tapioca pearls being the most popular add-on, followed by pudding and jelly. The market's growth is also supported by the increasing number of health-conscious consumers opting for reduced sugar and dairy-free options.
Product coverage: Black Tea, Fruit/Herbal Tea, Green Tea, Instant Tea, Other Tea. Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data. Why buy this report? Get a detailed picture of the Tea market; Pinpoint growth sectors and identify factors driving change;
The global herbal tea market is forecasted to be valued at US$ 3,962.7 million in 2023. During the forecast period from 2023 to 2033, herbal tea sales are expected to grow at a CAGR of 7.3%, valued at US$ 7,693.5 million. With the growing health and wellness trend, the global tea market, particularly for herbal teas, is growing rapidly.
