According to IMARC Group’s latest report, titled “Tea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the tea market trends.
The global tea market size reached US$ 22 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 30.3 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027. Tea, generally prepared from the leaves of the Camellia sinensis plant, is currently represented as the most consumed beverage in the world. It is an aromatic drink that is prepared by pouring boiling or hot water over fresh or cured tea leaves. It is a rich source of antioxidants that helps in preventing heart diseases and cancer. Additionally, it contains phytochemicals that aid in boosting immunity, regulating hormones and reducing inflammation. Apart from this, it also contains other essential nutrients, including manganese, potassium, calcium and magnesium, that helps in controlling cholesterol levels, due to which it is gaining widespread prominence among the masses.
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Global Tea Market Trends:
The global market is primarily driven by the rising demand for healthy beverages among the masses. This is supported by the increasing health consciousness among individuals. Coupled with the growing awareness regarding the health benefits of green and oolong tea and the increasing preference for leading a healthy lifestyle, this is providing a boost to the market growth across the globe. Furthermore, the widespread adoption of the product in the formulation of multiple personal and skincare care products is acting as a major growth-inducing factor. Along with this, leading players are heavily investing in launching varied flavors of tea, including ginger, mint, hibiscus and lemon, which is gaining prominence among the masses. Additionally, the numerous initiatives undertaken by the governments of several countries for providing financial assistance and associated incentives to tea farmers are also influencing the market growth. Other factors, including continuous product innovations, premiumization of tea and the easy product availability through online and offline organized distribution channels, are further contributing to the market growth.
Global Tea Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the tea market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Tata Consumer Products Limited
- Associated British Foods Plc.
- Barry’s Tea
Key Market Segmentation:
The report has segmented the global tea market on the basis of product type, packaging, distribution channel, application and region.
Breakup by Product Type:
- Green Tea
- Black Tea
- Oolong Tea
Breakup by Packaging:
- Plastic Containers
- Loose Tea
- Paper Boards
- Aluminium Tin
- Tea Bags
Breakup by Distribution Channel:
- Specialty Stores
- Convenience Stores
Breakup by Application:
- Sri Lanka
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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