Global tea infuser market is projected to grow at a CAGR of 4.5%. Due to the improvement of technologies various new products are launched by the manufacturers in order to retain its competitive edge in the overall market. Tea infuser is one of the modern accessory. It is a device in which loose tea leaves are placed for steeping or brewing, in a mug or a teapot full of hot water.
The global tea infuser market is estimated to register substantial growth during the forecast period. The market is driven by the high demand for convenience products. Due to the fast paced lifestyles, rising disposable income consumers are more inclined to adopt convenience products to make their life easy. The high consumer preference for convenience products has led to the huge availability of wide variety of tea infuser with additional properties such as unsinkable tea infuser and fancy shaped tea infusers to attract more consumers. Due to the increasing awareness of environment friendly product, consumers are more inclined to adopt BPA free tea infuser.
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Leading Key Players:
This report includes a study of strategies such as mergers and acquisitions, product launches by the major tea infuser market players. It further includes product portfolios, developments of leading major players which includes
- Contigo (U.S.)
- Fred Friends (U.S.)
- Luvly Tea (U.S.)
- Live Infused (U.S.)
- Teavana (U.S.)
- Bar Brat (U.S.)
- Norpro, Inc. (U.S.)
Key players in the global tea infuser market are emphasizing to enhance their investment in product development in order to extend the product line. Also, the companies are also inclined to increase their footprint across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies in order to penetrate in the untapped market.
The global tea infuser market is segmented on the basis of product type, material type, distribution channel and region.
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The global tea infuser market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, North America region is estimated to account maximum market proportion in the year of 2017 and it is estimated to retain its dominance throughout the forecast period. Technological advancement of the various accessories of beverages products is anticipated to be the key factor of the growth of tea infuser in the U.S. Also, the presence of key players in the North America region is considered to be the important reason of the growth of North America tea infuser market during the review period. Asia Pacific region is estimated to grow very fast as compare to the other region. India, China and ASEAN countries are the attractive destination of the tea infuser manufacturers during the forecast period.
This market research report further provides an insight on various levels of analysis such as industry analysis, market share analysis as well as leading market players and their profiles. This report also helps in studying target consumer segments by providing views on emerging and high-growth segments and market size. Together the market data comprise and discuss basic valuations on the competitive scenarios and strategies of the global tea infuser market including high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides views of historical market values as well as pricing and cost analysis of the same.
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