Tea Market Share, Growth Rate (CAGR), Historical Data and Forecast 2030
Tea Market Report Overview
The report delineates the historical growth trends spanning the past, present, and ongoing phases within the Tea Market. It expounds on vital metrics including the Compound Annual Growth Rate (CAGR), market size, forecasts, revenue shares, and pricing trends. The research identifies challenges unique to the industry, uncovers opportunities, and highlights technological advancements, all of which can guide Tea market players in devising strategic plans for amplified revenue and growth. The market research encapsulates both current and burgeoning trends that wield an impact on market evolution, spanning local, regional, and global domains.
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Tea Market Values
Global Tea Market size was valued at US$ 66.82 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6.6% through 2022 to 2029, reaching nearly US$ 104.52 Bn.
Tea Market Report Scope and Research Methodology
The report offers an intricate examination of both global and regional Tea market dimensions, encompassing market size and shares. It provides a comprehensive Tea market overview, encompassing definition, structure, as well as measures for preventative and pre-planned management. The report emphasizes factors influencing the Tea market, ranging from gross margin, costs, and market share to capacity utilization and supply dynamics. Furthermore, it assists in forecasting the future potential of the Tea Market across upcoming years.
Tea Market Segmentation
by Product
Black
Green
Oolong
Herbal
The market is divided into Black, Green, Oolong, and Herbal segments based on the product. By 2027, the Black Tea sector is anticipated to command the highest market shares at 42.5%. This is because there are more people drinking tea globally.
Because black tea has a high content of antioxidants and polyphenols, it is also a favourite choice among health aficionados. Black tea extract contains the following nutrients: vitamin C, zinc, iron, magnesium, copper, manganese, potassium, fluoride, and calcium. Black tea extract has higher antioxidant content and anti-allergic, anti-viral, and anti-spasmodic properties than green tea.
by Application
Residential
Commercial
The market is divided into three segments based on the applications: online, specialty stores, supermarkets and hypermarkets. Over the course of the forecast period, the online distribution channel segment is anticipated to grow quickly at a CAGR of 5.9%.
The introduction of online apps, coupled with the availability of sales and prompt product delivery, has a positive effect on the supply chain of the market. For instance, stores like Big Basket and Walmart, among others, provide a wide range of flavoured teas with the option for both online and offline delivery. Throughout the forecast period, these are the main factors propelling this segment's expansion in the worldwide market.
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Tea Market Key Players
1. TATA GLOBAL BEVERAGES LIMITED
2. UNILEVER PLC
3. ASSOCIATED BRITISH FOODS PLC
4. BARRY’S TEA
5. APEEJAY SURRENDRA GROUP
6. BETTYS & TAYLORS GROUP LTD.
7. MCLEOD RUSSEL INDIA LTD
8. ITO EN, LTD
9. DAVIDS TEA INC.
10.TEA FORTÉ INC.
11.Barry's Tea
12.R Twining and Company Limited
13.Hain Celestial Group Inc.
14.Nestle SA
15.Orientis Group (Kusmi Tea)
16.The Republic of Tea
17.Tazo Tea Company
18.Numi Inc.
19.Apeejay Surrendra Group
20.Mighty Leaf Tea Company
21.Bettys & Taylors Group Ltd.
22.cLeod Russel
Table of content for the Tea Market includes:
Part 01: Executive Summary
Part 02: Scope of the Tea Market Report
Part 03: Global Tea Market Landscape
Part 04: Global Tea Market Sizing
Part 05: Global Tea Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Tea Market Regional Insights
Geographically, the report is segmented into several key countries, with market size, growth rate and import and export of Tea market. In the regional and country sections, a detailed analysis of the factors influencing the Tea market growth and changes in market regulation that impact current and future market trends are also discussed.
Key Questions answered in the Tea Market Report are:
- What is Tea?
- What was the Tea market size in 2022?
- What is the expected Tea market size by the end of the forecast period?
- Which segment has the largest Tea market share?
- What is the competitive scenario of the Tea market?
- Who are the Tea key players in the industry?
- What are the main factors driving the growth of the Tea market?
- Which region held the maximum Tea market share in 2022?
- Which regional Tea market is expected to grow at a high rate during the forecast period?
- What is the CAGR of the Tea market during the forecast period?
- Who are the major players in the Tea market?
Key Offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Regional Insights
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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