Tea Market is driven by a rapidly evolving health consciousness with a healthy CAGR of 4.60% during the forecast period of 2023 to 2032
Research Reports
Jun 26, 2023
Market Research Future Insights
According to MRFR analysis, the Global Tea Market is expected to register a CAGR of 4.60% from 2023 to 2032 and hold a value of over USD 28.33 billion by 2032.
The global tea market refers to the industry that involves the production, distribution, and sale of tea products worldwide. This market includes a variety of different types of tea, including black tea, green tea, oolong tea, white tea, and herbal tea, as well as tea-related products such as tea bags, loose-leaf tea, iced tea, and ready-to-drink tea. The global tea market is influenced by various factors, including changing consumer preferences, market trends, production and supply chain dynamics, and global trade policies.
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The COVID-19 pandemic had a significant impact on the global tea market. The pandemic has disrupted the tea supply chain, causing delays in the transportation of raw materials and finished products, and affecting the availability of tea in some regions.
The pandemic has led to changes in consumer behavior, with many people preferring to buy tea online or through home delivery services. There has also been a shift towards more premium teas, as people seek to indulge in comforting and relaxing experiences during the pandemic.
Regional Analysis
The largest region in the global tea market is Asia-Pacific. China is the largest tea producer in the world, with its traditional tea culture and the popularity of its green tea varieties driving demand. India is also a significant player in the global tea market, with its Assam and Darjeeling tea varieties being among the most well-known and sought after in the world.
Other regions that contribute to the global tea market include Africa, which is a major producer of black tea, and South America, which produces high-quality yerba mate tea. Europe and North America also have a significant market share, with a growing demand for specialty and premium teas among consumers.
Market Segmentation
The Global Tea Market has been segmented into type, category and distribution channel.
Based on the type, the market has been segmented into green tea, black tea, oolong tea and herbal tea.
Based on the category, the market has been segmented into organic and conventional.
Based on the distribution channel, the market has been segmented into store-based and non-store-based.
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Key Players
Some of the key market players are:
- Unilever
- Tata Global Beverages
- Associated British Foods Plc.
- TAE
- Nestle S.A.
- Barry’s Tea
- Apeejay Surrendra Group
- Mighty Leaf Tea Company
- ITO EN Inc.
- The Republic of Tea
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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