Essiac Tea Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Essiac Tea Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Food

Report Description

Essiac tea or essiac is obtained from a mixture of herbs, and mostly content constitutes burdock root and sheep sorrel. The essiac tea was first introduced in a cancer treatment in a hospital and the key players of this market consider certifying their essiac tea by the same organization- Rene Cassie, and which also denote the high quality of the product. The essiac is known to have many medicinal properties and a strong anti-cancer agent. However, its medicinal usage and claims have not been confirmed or proven till date. The essiac tea market has a considerable share in the functional beverages market. The essiac market is also a contributor in the dietary supplements market. Amongst consumers, it is an optional and experimental product for health applications or more preferably in the treatment of cancer.

Essiac Tea Market: Segmentation

The essiac tea market can be segmented on the basis of source, applications and distribution channel.

On the basis of source, the essiac tea market can be segmented as organic and conventional based on the source of the botanical plants.

On the basis of applications, the essiac tea market can be segmented as dietary supplements, pharmaceuticals and functional beverages. The dietary supplements are sold as essiac tea capsules.

On the basis of distribution channel, the essiac tea market can be segmented as direct sales and indirect sales. The indirect sales channel can be further segmented as pharmacy stores, convenience stores, retailers and online retailers.

Essiac Tea Market: Drivers, Restraints, and Trends

The essiac tea market is specially driven by factors like consumer awareness about the benefits of functional teas and beverages. The essiac tea market is also seen as a supplementary treatment for cancer along with other therapies. Given the terror of cancer amongst people, the essiac tea, however ineffective, has consumers’ attraction, and makes this a crucial factor in the growth of the essiac tea market. The essiac tea market trends are based on consumer pull towards more natural health products and the awareness about the side-effects of conventional therapies. Health-conscious people are very keen on trying functional food and beverages and essiac tea market is an important facet in the functional beverage market. The essiac tea market many restraints. The major restraint is the macro-economic factor such as lack of support of government and pharmaceutical bodies for the essiac tea market. All research on the essiac tea highlights essiac tea’s incompetency for the treatment of cancer, and this is a principal factor governing the essiac tea market. The essiac tea market is also thwarted by less consumer awareness in under-developed countries. The social media factors like health magazines and websites also influence the growth of the essiac tea market.

Essiac Tea Market: Regional Outlook

The essiac tea market in North and Latin America is influenced by various macro-economic factors and consumer acceptability. The essiac tea market is also impacted by the tea and coffee-consumers looking for a more healthy option. In Europe, the essiac tea market is expected to have a very slow growth in essiac tea market due to consumer demand and acceptability for only certified products and approved products. The essiac tea market is expected to have slow growth due to less consumer awareness, few developed countries have shown recent trends for the product but sums up to be a weak factor in the growth of the market. The Middle East and Africa shows some likelihood for the growth of the market due to distribution channels and cheap availability of the products in this region.

Essiac Tea Market: Key Players

  1. Swanson Group Inc.
  2. Starwest Botanicals, Inc
  3. Rene Caisse Tea
  4. Organa International
  5. Western Botanicals Inc.
  6. Tehachapi Tea Company, LLC

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market      

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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