Tea Market Insights Developments Status, Analysis, Trend and Forecasts


Market overview

In 2021, the worldwide tea market was worth US$ 22 billion. With a CAGR of 4.60% from 2022 to 2027, the market is expected to reach US$ 28 billion by 2027. 

Organic tea's growing popularity is predicted to improve the Tea Market Outlook growth. Teas such as black, green, and herbal teas are the most popular among customers all over the world.

Tea is a widely consumed beverage around the world, and people have been drinking it for centuries because of its health advantages. Tea is high in antioxidants and includes healthful bioactive chemicals that lessen the risk of heart disease, promote weight loss, and protect against cancer. While a cup of tea has various health benefits, excessive tea consumption has certain negative side effects. Excessive intake of green tea, according to the University of Maryland Medical Centre, increases the risk of lung cancer, colorectal cancer, and oesophageal cancer.

Associated British Foods Plc., Barry's Tea Limited, Hain Celestial Group, Inc., ITO EN, Ltd., McLeod Russel, Nestlé S.A., Taetea Group, Tata Global drinks, The Republic of Tea, Inc., and Unilever Group are some of the main tea market participants.

Market segmentation

The Tea Market Insights is divided into types, packaging, distribution channels, and applications.

By type- green tea, black tea, oolong tea, fruit/herbal tea, and others are the diverse types of tea available. In 2018, black tea was the most profitable segment, and it is predicted to continue to be so throughout the forecast year.

By packaging- The market has been divided into paper boards, plastic containers, loose tea, aluminium tins, tea bags, and other categories based on packaging. Currently, the market is dominated by paper boards.

In terms of distribution- The market is divided into supermarkets/hypermarkets, specialty retailers, convenience stores, online, and others.

By application- The market has been divided into residential and commercial segments based on application. The household sector currently consumes most of the tea produced. In 2019, the most significant segment in the tea market was the supermarket/hypermarket, which accounted for the most share.

Regional classification

The Global Tea Market is divided into four regions: North America, Europe, Asia Pacific, and the Middle East and Africa.

The most important regional markets are Asia-Pacific and Europe.

Asia-Pacific has the greatest market for tea consumption. With substantial economic growth in several developing countries such as China and India. Green tea exports from China have been steadily increasing as global consumption has increased.

After China, India is the world's second-largest tea producer. The industry in India is dominated by North India, which accounts for more than three-quarters of the total. Assam and West Bengal are the two states that produce the most tea in the country. India is one of the world's top five tea exporters, accounting for around 10% of global exports. Tea exports from India were valued at US$ 692.1 million in 2020. Indian teas such as Assam, Darjeeling, and Nilgiri are regarded as among the best in the world.

Due to increased demand for the product, which aids in weight management, the United States is expected to boost its North American herbal tea market throughout the forecast period.

 Industry news

Tata introduced Tulsi green and Gold Care, a new tea product, in January 2021.

Honest Tea, an organic tea brand, expanded its line by introducing Honest Yerba Mate, a caffeinated ready-to-drink bottled beverage, in April 2021.

Dwayne Johnson and his partners unveiled the ZOA energy drink in January 2021, which contains 160 mg of green tea and unroasted green coffee extracts.

Related Reports:

Dry Ice Market Research Report Information by Type (Pellets, Blocks, and others), Application (Food & Beverages, Storage Transportation, Healthcare, Industrial Cleaning, and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030 -

Cold Pressed Juices Market Research Report—Global Forecast till 2028


Energy Drinks Market Research Report - Forecast to 2027

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Organic Spices Market Overview, Size, Competitive Landscape, Revenue Analysis 2030

Image
  Market Overview The organic spices market is expected to experience a CAGR of 6.7% during the forecast period (2023-2030), increasing from USD 0.9 billion to USD 1.3 billion. The rise in several health-conscious consumers and the increase in awareness regarding the health benefits associated with the consumption of organic spices are the two main factors driving the global organic food & beverages market. North America and Europe are the dominant regions in consuming different types of organic food products. It is attributable to a rise in per-capita income and continuous product evolution from the manufacturers’ side in these regions. Furthermore, some food manufacturers have focused on availing their food products in organic form due to the rise in preferences for organic products.   They are available in different forms as per consumer preferences, i.e., powder, granular, and liquid, further expected to drive the Organic Spices Market Overview . Some non-p...
Read more

Catalyst Fertilizer Market Size, Product Launch, Major Companies, Revenue Analysis, Till 2030

Image
  Catalysts are vital in industrial production, constituting 60% of consumer and industrial products. They enhance chemical processes, boosting efficiency, output, and cost savings. Catalyst development focuses on improving activity, reducing environmental impact, and increasing longevity. The global catalyst fertilizer market is expected to reach $2.8 billion by 2023, growing at a CAGR of 2.56%. Fertilizer catalysts improve plant performance and efficiency while reducing emissions from production. The demand for fertilizer catalysts is rising due to increased production of ammonium and phosphate fertilizers, and innovation in ammonia production to reduce emissions. Market Dynamics MRFR (Market Research Future) claims that the Catalyst Fertilizer Market Size 2020 can accrue a strong valuation of 2,994.38 MILLION by 2030. MRFR’s extensive study also reveals that the market can expand t to burgeon at a rate of 3.2% from 2022 to 2030 (analysis period). We will provide COVID-19 i...
Read more

Fruit and Vegetable Processing Enzymes Market Size, Revenue, Key Players, Growth, Share and Forecast Till 2030

Image
  Market Analysis The market value of Fruit and Vegetable Processing Enzymes is expected to reach USD 75.69 billion by 2030, with a notable growth rate of 7.65% between 2022 and 2030. The global fruit and vegetable enzymes market is predicted to have an impressive growth over the estimated years (2022-2030). Enzymes are a crucial part of fruit & vegetable processing. It helps to increase yield, intensify juice color, shorten production times, clarify fruit juice and firm up fruit. Besides, it also helps in retaining the nutritional value and good flavor, boost the consistency and color of fruit applications, extend shelf life and reduce the danger of microbial spoilage. The extensive utilization of enzymes that are vegetable and fruit derived, found in the powdered or liquid form are used in diverse industries namely dietary supplements, pharmaceuticals, food and beverages and more. It has gained immense popularity amid manufacturers of diverse processed vegetables and frui...
Read more