Tea Market Overview
Globally Tea is the most popular beverage obtained from Camellia Sinensis plant leaves. It offers multiple health advantages owing to the presence of polyphenols working as antioxidants, vitamins, trace minerals, and different amino acids resulting in stronger immunity, lower cholesterol, increased metabolism, prevention of cancer, and more. The aromatic beverage is prepared by soaking tea leaves in water. Leaf buds and internodes of the tea plant are also utilized for preparing tea beverage.
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Tea Market Report (2018-2023)
Tea Market was worth USD 51.63 billion in 2018 and expected to be growing at a CAGR of 5.5%, to reach USD 67.48 billion by 2023.
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Scope of the Report:
Global, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Tea Market Segmentation
Tea Market is categorized by type, packaging and distribution channel. By type, the market is classified into Green tea, black tea, fruit/herbal tea, and others. Green tea market is the common lucrative segment of the global tea market, possessing a huge market potential for investment, owing to an increase in demand and rise in awareness regarding the health benefits offered by it. By packaging, the market is segmented under Plastic containers, loose tea, paper boards, aluminum tin, tea bags. By distribution channel, the market is examined under supermarkets, specialty stores, convenience stores, online stores, and others. Based on the tea market Geographical analysis by North America, Europe, Asia-Pacific and Rest of the World. The Tea market was dominated by the Asia Pacific followed by North America.
Some of the major companies operating in the current Market are
- Tata Global Beverages,
- Associated British Foods Plc.,
- Nestl, Barry's Tea,
- Apeejay Surrendra Group,
- Bettys & Taylors Group Ltd.,
- McLeod Russel,
- ITO EN Inc.
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