The “Hemp Tea“ offers a range of benefits owing to its anti-inflammatory, anti-stress, anti-anxiety, and anti-depressive properties, which is why it is growing in popularity. Owing to these benefits hemp tea has calming effects. For instance, its antioxidant capabilities help to lessen the negative effects that stress has on the body and mind. The hemp tea market was valued at $56.2 million in 2021, and is estimated to reach $392.8 million by 2031, growing at a CAGR of 22.1% from 2022 to 2031.
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Leading Key Players:
ItsHemp
Willie’s Remedy
Clipper Teas
Buddha Teas
Traditional Medicinals
The Tea Can Company
Cannabiniers
Colorado Harvest Company
Charlotte’s Web
Green Roads
Segmentation:
The global hemp tea market share is segmented based on distribution channel and region. By distribution channel, it is classified into online/direct-to-consumer, convenience stores, others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Hemp cultivation is becoming legalized in many parts of the world, manufacturers and research institutions are being motivated to create new products based on industrial hemp raw material. By meeting the rising customer demand for fresh flavors and locally sourced beverages, the top market players stand to gain significantly from the chance to diversify their product offerings and launch new hemp tea variants. In order to assist market expansion, major companies are working to establish methods including product creation, merger and acquisition, partnerships, and collaborations.
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Nutraceutical Ingredients Market
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