Global Hemp Tea Market Anticipated to Garner $392,802.0

New York, USA, Oct. 31, 2022 (GLOBE NEWSWIRE) — Research Dive has published a new report on the global hemp tea market. According to the report, the global market is projected to surpass $392,802.0 million and grow with a CAGR of 22.1% in the estimated period, 2022–2031. This all-inclusive report delivers a comprehensive overview of the current and future situation of the global market by stating its main characteristics including growth drivers, growth opportunities, limitations, and developments in the forecast period. The report also offers all the required and vital market statistics to help new players obtain an insight into the status of the global market.

Impact of the COVID-19 Pandemic on the Hemp Tea Market

The outbreak of the COVID-19 pandemic in 2020 has had an adverse impact on the growth of the global hemp tea market. During the pandemic, the government of various nations executed strict lockdowns to curb the spread of the virus. Therefore, several transportation activities, industrial processes, and supply chains in the hemp tea industry were disturbed. This greatly affected the demand and supply of hemp tea during the pandemic crisis, consequently hindering the market growth.

Access an Exclusive PDF Sample of Hemp Tea Market (Including Tables, TOC, and Figures)

Factors Impacting the Hemp Tea Market Growth

The prime factor boosting the growth of the global hemp tea market is the rising popularity of hemp tea owing to its various benefits, such as reduced anxiety, body weight control, and reduced depression. Moreover, the growing launch of novel products and flavors in hemp tea by manufacturers is expected to open doors to lucrative opportunities for the growth of the market. However, the implementation of stringent rules and regulations on the commercial use of hemp tea is anticipated to hamper the market’s growth.

The report segments the global hemp tea market into distribution channel and region.

Online/Direct-To-Consumer…