According to a market report published by Research Dive in September 2021, demand for hemp tea and other plant-based beverages is particularly strong in North America. Relaxed regulations in the United States and Canada surrounding the cultivation and use of cannabis in the manufacturing of products like hemp tea is one contributing factor.
Research Dive found the “rising prevalence of health-conscious people across the globe and their increasing inclination toward herbal tea are further expected to bolster the growth of the hemp tea market.”
Hemp tea has been recognized as having a number of health benefits, including maintaining body weight and reducing stress, anxiety and depression.
The global hemp tea market is projected to reach $245,541.33 thousand by 2028. For comparison, the same market was valued at $50,315.29 thousand in 2020. In addition, a 129-page report determined that the global hemp tea market will grow “exponentially at a CAGR of 22.9% during the forecast period (2021-2028).”
The Research Dive report segmented the global hemp tea market into three distribution channels: online/direct-to-consumer; convenience stores; and other. Through its King of Hemp® products, Hemp, Inc. already has a strong presence in a variety of markets and distribution channels.
To read more, click on https://www.yahoo.com/now/global-hemp-tea-market-experience-191700673.html