Tea Market is forecasted to reach USD 28.33 Billion by 2032: Market Research Future (MRFR)
Research Reports
Jul 14, 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 tea market refers to the global industry involved in the cultivation, production, processing, distribution, and consumption of tea. Tea is one of the most widely consumed beverages in the world, enjoyed for its taste, aroma, and potential health benefits. The COVID-19 pandemic has had both positive and negative impacts on the tea market. Initially, during the lockdown periods and restrictions on foodservice outlets, the demand for tea products declined. Closure of restaurants, cafes, and hotels led to reduced consumption of tea in these establishments. However, the pandemic also resulted in increased consumption of tea at home as people sought comfort and relaxation during uncertain times. This led to a surge in the sales of packaged tea and tea bags in retail stores and online platforms.
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Key Players
Some of the market key players are Unilever, Tata Global Beverages, Associated British Foods Plc., TAE, Nestlé S.A., Barry’s Tea, and Apeejay Surrendra Group
Market Segmentation
The Global Tea market has been segmented into type, Form, Category and Distribution Channel
Based on Type: Green Tea, Black Tea, Oolong Tea, Herbal Tea and Others
Based on Form: Loose Leaf, Tea Bags and Others
Based on Category: Organic and Conventional
Based on Distribution Channel: Store-Based and Non-Store-Based
Browse Full Report Details: https://www.marketresearchfuture.com/reports/tea-market-2155
Regional Analysis
The Asia-Pacific region, particularly China and India, dominates global tea production. These countries have a long history of tea cultivation and are major exporters. The pandemic affected the tea industry in these regions due to disruptions in the supply chain and labor shortages during lockdowns. Europe is a significant market for tea consumption, with countries like the United Kingdom, Russia, and Germany being major consumers. The pandemic had varying impacts across the region, with some countries experiencing increased at-home consumption and others facing challenges in the foodservice sector. The tea market in North America has been growing steadily, driven by the rising popularity of specialty and herbal teas. During the pandemic, the demand for packaged teas increased as people looked for convenient and comforting beverages while staying at home. Various countries in Africa, the Middle East, and South America also contribute to tea production and consumption. The pandemic impacted these regions differently based on their reliance on exports, local consumption patterns, and access to distribution channels.
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Organic Tea Market Research Report Information By Type (Green, Black, and Others), By Form (Dried Leaf, Powder, and Others), By Distribution Channel (Store-Based and Non-Store Based), And By Region (North America, Europe, Asia-Pacific, And the Rest Of The World) – Market Forecast Till 2030
Herbal Tea Market Research Report Information By Type (Cinnamon, Dandelion, Chamomile, Ginger, Turmeric, Blends, and Others), By Function (Cognitive Health, Gut & Digestive Health, Multifunctional, and Others), By Form (Tea Bags, and Loose Leaf), By Distribution Channel (Store-Based, and Non-Store-Based), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
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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