Global Tea Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Tea Market Overview:
“The global Tea Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global tea market report has been segmented on the basis of type, distribution channel, and region.
Tea is an aromatic beverage prepared by pouring hot or boiling water over cured leaves of the Camellia sinensis. Tea contains bioactive compounds such as amino acids, proteins, caffeine, flavonoids, and xanthines. Tea have a cooling, slightly bitter, and astringent flavor coupled with essential health beneficial properties.
Increasing awareness of health benefits related to consumption of tea among individuals is a major factor expected to drive growth of the global market over the forecast period. In addition, green tea, a type of recreational tea, is having anti-oxidant and anti-bacterial properties which helps to cure hormonal imbalances in body and control weight in individuals, which is expected to fuel growth of the target market.
In addition, green tea also provides anti-aging properties which provide protection against freckles, skin-sagging, wrinkles, fine lines and hair related problems too.
However, increasing cost of raw materials due to changing weather and increasing preference towards consumption of coffee are expected to restrain growth of the global market over the forecast period. In addition, over consumption of tea resulting side effects, owing to presence of caffeine contain may affects nervousness, difficulty in sleeping, irregular heart rate, etc.
this is expected to hamper growth of the target market in the near future.
Ongoing trend observed in the market is increasing consumption of ice tea and availability of various flavors increases the preference towards tea consumption by individuals. Manufacturers are also introducing specialty iced teas customizing regular iced teas based on composition, blend and price.
Introduction of new flavors and availability of various brands are expected to create numerous opportunities for the global tea market over the forecast period. In addition, tea producing companies are engaged with providing different flavors such as chocolate, pomegranate, and acai which is expected to support growth of this market over the forecast period.
The market in Asia Pacific dominates the global market in terms of GAGR over the forecast period, owing to increasing demand for tea and its flavors in developing countries such as China and India. The market in North America accounted for second-highest revenue share in the market, due to rising consumption of black and green tea.
Global tea market segmentation:
Segmentation by type:
- Green Tea
- Black Tea
- Oolong Tea
- Herbal/Fruit Tea
- Others (White Tea, Dark Tea, and Yellow Tea)
Segmentation by distribution channel:
- Specialty Stores
- Convenience Stores
- Online Stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Tata Global Beverages Limited
- Nestlé S.A.
- Barry's Tea Limited
- Apeejay Surrendra Group
- Bettys & Taylors Group Ltd.
- McLeod Russel India Limited
- ITO EN Inc.
- Mighty Leaf Tea Company
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