Global Tea Market Size and Share Industry Report, 2023

ReportsnReports recently announces a latest research report titled “Global Tea Market 2018” which highlights the Tea market size, comprehensive Tea industry dynamics and high-tech updates of global Tea market with respect to Tea industry opportunities, threats, challenges, constraints, cost structure and current trends in the Tea industry.

The worldwide market for Tea is expected to grow at a CAGR of roughly 5.1% over the next five years, will reach 59300 million US$ in 2023, from 44000 million US$ in 2017, according to a new study.

Tea is globally the most popular beverage obtained from Camellia synesis plant leaves. It is known to be originated in China, and is majorly grown in four countries, China, India, Kenya, and Sri Lanka. It offers various health benefits owing to presence of polyphenols working as antioxidants, vitamins, trace minerals, and different amino acids resulting in stronger immunity, lower cholesterol, increased metabolism, prevention of cancer, and more. In addition, presence of small amount of caffeine makes tea a mild stimulant preventing fatigue.

Report Covers Tea Market Segment by Top Manufacturers are:

Starbucks
Kusmi Tea
Associated British Foods
Peet’s Coffee & Tea
Unilever

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The global tea market is majorly driven by the health benefits associated with consuming tea and increase in awareness related to carbonated drinks among people. Moreover, increase in caf culture, rise in disposable income, change in tastes of people, and introduction of additional healthy ingredients in tea by different market players are the other factors that fuel the market growth.

However, increase in cost of raw materials due to unpredictable weather, rise in cost of agricultural inputs, and increase in trend of out-of-home coffee consumption are expected to limit growth of the tea market. The introduction of new flavors & variety in tea and growth in demand from health-concerned young population are anticipated to provide lucrative opportunities for the market.

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Tea Market Segmentation based on the Product Types are:

- Green Tea
- Black Tea
- Oolong Tea
- Fruit/Herbal Tea
- Others

Tea Market Segmentation based on the User Applications are:

- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others

To understand Tea market dynamics in the world principally, the global Tea market is analyzed across key global regions. ReportsnReports also prepares customized separate regional and country-level Tea reports for the following areas.

North America: United States, Canada, and Mexico.
Central & South America: Brazil and Argentina.
Middle East & Africa: Saudi Arabia, and Turkey.
Europe: Germany, France, UK, Italy, Spain, and Russia.
Asia-Pacific: China, India, Japan, South Korea, Australia, Indonesia, and Singapore.

For Discount & Customization of the Tea Market 2018 Report Click Here: https://www.reportsnreports.com/contacts/discount.aspx?name=1675744

TOC of Report Contains 15 Chapters which Explains Global Tea Market Briefly are:

Market Overview
Manufacturers Profiles
Global Tea Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
Global Tea Market Analysis by Regions
North America Tea by Countries
Europe Tea by Countries
Asia-Pacific Tea by Countries
South America Tea by Countries
Middle East and Africa Tea by Countries
Global Tea Market Segment by Type
Global Tea Market Segment by Application
Global Tea Market Segment by Application
Sales Channel, Distributors, Traders and Dealers
Research Findings and Conclusion
Appendix.

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This release was published on openPR.