Global Tea Market was valued US$12.5 Bn in 2017 and is anticipated to reach US$20.1 Bn by 2026 at a CAGR of 6.12 % during a forecast.
Global Tea Market is segmented by type, by packaging, by distribution channel, by application, and by region. Based on the type, tea market is segmented into green tea, black tea, oolong tea, fruit/herbal tea, and others. Supermarkets/hypermarkets, convenience stores, online stores, and others are distribution channel segments of tea segment. Regionally, tea market analyzed is across North America, Europe, Asia-Pacific, Middle East, and Latin America.
Most of the people begin there day with tea. Tea is the most famous and frequently consumed globally. Growing in consumption of tea, growth in serving tea in the restaurant, availability of flavored tea beverages, and are the factors driving the tea market. Phytochemicals, antioxidants, and flavonoids in the tea help to maintain the healthy functioning of the human body these health benefits fuels the growth to the tea market. Caffeine present in the tea causes difficulty in sleeping, nervousness, irregular heart rate, diarrhea, and others this hampers the growth of the tea market. Green tea is gaining popularity owed to its weight loss advantage.
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Black tea is leading the tea market. Black tea consumption is beneficial for cancer prevention, healthy bones, low risk of diabetes, stress relief and better immune system thereby driving market growth. Green tea is the healthiest beverage and hence is gaining popularity in the tea market. Green tea is loaded with antioxidants and nutrients which improves brain function, fat loss, a lower risk of cancer and many other impressive benefits.
A supermarket is leading the segment by distribution channel. A supermarket is the most prominent distribution channel for food product selling. Supermarket shopping is easier to deal with, brand awareness of your product with possible nationwide coverage. Supermarkets have a lot of experience in selling different products and offer you advice and guidance that will help increase your sales.
The Asia Pacific is prominent leading region in the tea market. A culture of offering tea as a welcome drink at home is the main factor driving the tea market growth in the region. North America followed the Asia Pacific. A shift of consumers from carbonated soft drinks to tea. Increase in premium tea shops & food services in developed countries such as the U.S. is expected to fuel the tea market in the forecast period.
Global Beverages, Unilever, Associated British Foods Plc., TAETEA, Nestl, Barry’s Tea, Apeejay Surrendra Group, Bettys & Taylors Group Ltd., McLeod Russel, and ITO EN Inc., Mighty Leaf Tea Company, Numi Organic Tea, The Republic of Tea, Tazo Tea Company, Teavana, Celestial Seasonings, Inc., Fukujuen, Harney and Sons, Kazi Tea, M. M. Ispahani Limited, DavidsTea, Tim Hortons, and Godrej Group, Hsin International Group, The Coca-Cola Company, PepsiCo Inc., Suntory Holdings Ltd., Sapporo Beverage Co., Ltd., Nestle S.A., Starbucks Corporation, Arizona Beverage Company, Asahi Group Holdings, Unilever NV., Danone SA, Uni-President Enterprises, Hangzhou Wahaha International Group Co. Ltd., Monster Beverage Corporation are key players of tea market.
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The scope of the Global Tea Market
Global Tea Market by Product Type:
• Green Tea
• Black Tea
• Oolong Tea
• Fruit/Herbal Tea
Global Tea Market by Distribution Channel Type Type:
• Convenient Stores
• Specialty Stores
• Online or E-Commerce
Global Tea Market by Region:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed in Global Tea Market:
• Tata Global Beverages
• Associated British Foods Plc.
• Barry’s Tea
• Apeejay Surrendra Group
• Bettys & Taylors Group Ltd.
• McLeod Russel
• ITO EN Inc
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