According to IMARC Group’s recently published report titled “Global Tea Market Size, Share, Growth, Opportunity and Forecast 2020-2025”, the market reached a volume of 6.4 Million Tons in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years.
Tea is an aromatic beverage that is brewed by pouring hot water over cured leaves of the Camellia sinensis tea plant. The tea leaves are cultivated in various sub-tropical regions around the world. White, black, green and oolong tea are the most common types of tea available in the market. They are rich in essential oils, antioxidants, polyphenols and caffeine, and offer various health benefits, including weight management, maintaining bone health and reducing the risks of a heart attack.
Global Tea Market Trends:
The global market is primarily driven by increasing consumer preference for tea-based beverages over carbonated drinks. Furthermore, growing awareness regarding the health benefits of green tea and organic tea variants, owing to their medicinal properties and diversified health benefits, is also providing a boost to the market growth. With an extremely high penetration rate in regions such as Asia and Europe, tea has emerged as one of the inexpensive and healthy beverages, which has consequently accelerated its acceptance and popularity across the globe. Other factors, including rising disposable incomes, product premiumization and the development of unique flavors, are projected to drive the market further.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
For more information about this report: https://www.imarcgroup.com/tea-market
Key Market Segmentation:
Market Breakup by Type
Green Tea
Black Tea
Oolong Tea
Fruit / Herbal Tea
Others
Market Breakup by Packaging
Plastic Containers
Loose Tea
Paper Boards
Aluminum Tin
Tea Bags
Others
Market Breakup by Distribution Channel
Supermarkets / Hypermarkets
Specialty Stores
Convenience Stores
Online
Others
Market Breakup by Application
Residential
Commercial
Market Breakup by Region
China
India
Kenya
Sri Lanka
Turkey
Vietnam
Others
Key highlights of the report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players
Some of the major players operating in the industry worldwide include Tata Consumer Products Ltd (NSE: TATAGLOBAL), Unilever (NYSE: UL), Associated British Foods Plc. (OTCMKTS: ASBFY), Taetea, and Barry’s Tea.
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