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Herbal Teas as a Source of Wealth
SRC/Natural Products Unit Research Team: Ms. Colleen Salmon (Presenter)
Dr. Lawrence Williams, Mrs. Yvonne Bailey Shaw, Ms. Cheryl Green,
Mrs. Ann Marie Smith, and
Mr. Michael Gardner, Anatomy Section, UWI
Background
• SRC provides S&T solutions which foster business development and economic growth
• R&D is required to produce innovations
• Innovations
– New idea, device or process
– Applications of new or current ideas which provide a better solution for a need
Background
• Wealth – accumulation of resources which meet needs; money is the medium of exchange
• Society is constantly changing New needs are created
New requirements imposed
Inarticulated needs (gaps) emerge
Background
• Present market offerings
Product features, packaging, consumer acceptance, markets, profitability
• Opportunities and possibilities
unmet niche markets
more competitive price points
new or improved features
increased customer appeal/acceptance
Background
Product identified
Features for increased market appeal
Market identified
Price point
• Knowledge base
• Resource base
• Seize the day
HERBAL TEAS – THE JAMAICAN CONTEXT
Market Demand
• Local Manufacturer - $93 million net profit year ending September 20131
• 45 % over the previous year
• Global market value for fruit and herb teas is projected to grow by one billion US dollars over the forecast period 2012 – 20172
• Two major tea manufacturers
• Definite market demand and profitability
Major Markets Exploited • A strong increase in
exports of herbal teas greatly advanced profits over period3-4 .
• Markets: Mainly USA and
Caribbean
• Local supermarkets, grocery wholesalers, etc.
Strong foreign exchange earning potential
Local Herbal Tea Products • Two major local tea
manufacturers
• Less than 30 species of plants are exploited commercially
• ≈80 medicinal plant species are known
• Hundreds of other species to be discovered
• Traditional herbs are under-utilized commercially
Ready Consumer Appeal /Acceptance
• Plethora of plants herbs, spices are used traditionally over decades5
– hot beverage with meals or before retiring – Tonics, purifiers, build strength, remedy – Most commonly used for colds, coughs, fevers, build
strength, anti-worm concoctions
• 71% of persons seeing a doctor used herbal treatments first – recent study6-7
• Other herbal teas are likely to receive strong
market acceptance locally & in foreign markets if commercialized.
Validation of Wellness Teas • Some are listed in pharmacopoeias.
• The majority have little justification.
• Many of the doses are unpleasant, even drastic
• Often the toxicities have not been studied
• Commonly used to treat diabetes, arthritis, cancer and hypertension – high morbidity/prevalence diseases
• Validation of teas increased market value
• Validation of teas wealth creation
Opportunities for New Entrants
• Definite market demand and profitability
• Strong foreign exchange earning potential
• Traditional herbs are under-utilized commercially (<30 out of ≈80);
• 100’s of other untapped species
Opportunities for New Entrants
• Domestic herbal tea use still prevalent; new commercial products are likely to receive strong consumer acceptance
• Validation of teas increased market value
• Validation of Teas wealth creation
PRODUCT DEVELOPMENT
Unique Tea Blends
• Exotic and gourmet teas
handling,
novelty/rarity
location grown
organic
• Flavour teas Flowers, herbs, leaves, spices Fruity, nutty, spicy, flowery, citrus
Unique Tea Blends
• Specialty teas for health and wellness
• Fruit and herbal teas
• Validated selling points translate to greater consumer confidence, greater earning potential
Sensory Evaluation Testing
• Sensory attributes of the tea infusions are evaluated by a panel against a nine-point hedonic scale
Sensory Testing – June Plum-Ginger vs Peppermint Tea
June Plum Ginger Tea
June Plum Ginger Tea
Peppermint Peppermint
1
2
3
4
5
6
7
8
9
flavour overall
Nin
e P
oin
t H
ed
on
ic S
cale
acceptance
Validation and Safety Testing
• Antioxidant Testing
Natural antioxidants augment the body’s free radical clearing system, protecting the body from diseases
Natural antioxidants are preferred for their
Compatibility with dietary intake
High stability
Low cost
Minimal harmful effects in vivo
Validation and Safety Testing
0
100
200
300
400
500
600
700
polyphenols/ mggallic acid
flavonoids/ mgcatechin
tannins/ mg tannicacid
TEAC/ mg Trolox
Constituent Levels per serving
Antioxidant Phytochemicals in Peppermint vs. Black Tea
Peppermint Black Tea
*p<0.001
Validation and Safety Testing
• Physical changes
• Behavioural changes
• Neurological changes
• Haematological changes
• Biochemical changes
• Histopathological changes
Promotes customer confidence and acceptance
Validation and Safety Testing
• Knowledge is capital, the rest is money
– Philip Emeagwali
Physical & Purity Indices – Authentication
– Microbiological Load
– Foreign matter
– Swelling Index, etc.
Promotes: Consistency in quality of materials for consumption Consistency of final product quality Repeat customers/orders
Propagation
TC preserves stock quality and reproducibility Scaled to meet demand Greater control of GAP Timeliness Product quality and consistency
Loose Leaf Packaging
Loose Leaf Packaging
Accessible, affordable for start-ups Allows hand and semi-automated packing Enables packing and brewing of herbs/blends with special features
Tea Bag Options
Convenient for buffets &
tea lovers on the go
Market Opportunities
• Exploit local niche markets for start ups
– Herbal and natural food stores,
– Wellness, fitness centres and spas
– Hotels, craft stores, novelty shops, airports,
– Craft fairs and expos
– Restaurants, coffee shops
– Business places – meetings, conferences
– Pharmacies and supermarkets
– Web marketing
Market Opportunities
Eco- and Wellness Tourism Hot-Spots
Export Potential
• Huge global market, growing
• Web marketing,
SEIZE THE DAY!
References 1. Jamaican Teas nets $93m profit Jamaica Observer (January 15, 2014)
URL http://www.jamaicaobserver.com/business/Jamaican-Teas-nets--93-m-profit_15775180 Accessed November 4, 2014.
2. Cowland, D (2013). Botanicals: Opportunities in soft drinks and confectionery. Beverages will continue to drive demand for botanicals as research highlights benefits of tea, herbs and spices. Nutraceuticals World. Available at http://www.nutraceuticalsworld.com/blog/marketwatch/2013-06-03/botanicals-opportunities-in-soft-drinks-confectionery. Accessed Sept. 6, 2013.
3. Exports push Jamaican Teas profits. IC Insider http://icinsider.com/exports-push-jamaican-teas-profit/ Accessed November 4, 2014.
5. Jamaican Teas Ltd. Unaudited consolidated financial statements fourth quarter September 2012. URLhttp://www.jamaicanteas.com/uploads/galleries/document/2012_reports/Sept%202012%20Interim%20Report.pdf
6. Asprey GF; Thornton P Medicinal Plants of Jamaica Parts I and II. URL https://www.herbalstudies.net/_media/resources/library/Medicinal-Plants-of-Jamaica.pdf Accessed November 4, 2014.
7. Picking, D., Younger, N., Mitchell, S., Delgoda, R. (2011). The prevalence of herbal medicine home use and concomitant use with pharmaceutical medicines in Jamaica. J. Ethnopharmacol., 137(1), 305-311.
8. Mitchell SA (2006). A review of the medicinal plant research at the University of the West Indies, Jamaica, 1948 – 2001. West Indian Medical Journal 55(4) http://caribbean.scielo.org/scielo.php?pid=S0043-31442006000400008&script=sci_arttext