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Tea Market Research Future Insights:
The Global Tea Market is estimated to be worth USD 28 Billion by 2027, registering a 4.6% CAGR during the forecast period (2020- 2027).
Tea is liquid refreshment made by soaking in freshly boiled water the young leaves and leaf buds of the tea plant, Camellia Sinensis. There are two kinds of small-leaved and large-leaved Tea. These two hybrids are cultivated in China and Assam. Tea has been found anti-cariogenic, anti-microbial, anti-inflammatory, anti-carcinogenic, anti-oxidant, and efficacious for colon, esophageal, and lung cancers, as well as urinary stones, dental caries, etc. For serenity, it was a medicinal consumption obtained by boiling fresh leaves in water, but around the 3rd century CE it became a regular drink, and tea cultivation and processing were introduced.
The Tea Market is being pushed by surging demand for healthier drinks, RTD (Ready-to-drink) teas, rising demand in the food service segments, and availability of the product in several flavors that expectation of every consumer’s taste. Tea serves as a costing little beverage and is consumed across all socio-economic consumer groups. They have initiated adding a different type of tea product that contains healthy ingredients to their organic tea formulations to target some of the common health conditions including diabetes, beauty, obesity, heart health, etc. Consumers are moving toward the intake of organic tea acts and become an apparent trend.
The Global Tea Market report provides an integrated evaluation of the market. The report provides a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a significant role in the market.
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Regional Analysis
The Global Tea Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The trend of functional organic beverages in the US and Canada propels market growth in North America. The rising focus on developing and launching innovative organic tea variants in novel packaging is predicted to boost the regional market growth during the forecast period.
Asia-Pacific is esteemed for the second-largest market share in the global market. The increasing popularity of green tea and herbal tea to improve beauty and health is mainly fueling the market growth in the region. This tea is recognized to be healthier as compared to conventional tea variants. The lightning expansion of the food and beverage industry in the region has also significantly participated to the market growth in Asia-Pacific.
Market Segmentation
The Global Tea Market is segmented into the following types;
By Product Type
By Category
By Packaging Type
By Application Type
By Distribution Channel
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Key Players
The Global Tea Market’s prominent key players are Tata Global Beverages, Unilever, Associated British Foods Plc., TAETEA, Nestlé S.A., Barry’s Tea, Apeejay Surrendra Group, Bettys & Taylors Group Ltd., McLeod Russel, 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, Davids Tea, Tim Hortons and Godrej Group.
Discover more research Reports on Food, Beverages & Nutrition industry, by Market Research Future:
Organic Tea Market Research Report: Information by Type (Green, Black, Others), Form (Dried Leaf, Powder, Others), Distribution Channel (Store-Based [Hypermarkets & Supermarkets, Convenience Stores, and Others] and Non-Store-Based) and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030
Global Herbal Tea Market: Information by Type (Cinnamon, Dandelion, Chamomile, Ginger, Turmeric, Blends, Others), Function (Cognitive Health, Gut & Digestive Health, Multifunctional, Others), Form (Tea Bags, Loose Leaf), Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores and others] and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2030
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