openPR Logo
Press release

Tea Market 2017 Global Industry Key Players Analysis, Sales, Supply, Demand and Forecast to 2023

03-29-2019 11:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Tea Market

Tea Market

The trend for specialty or organic tea such as green tea and herbal/fruit tea is witnessing an upsurge, whereas ordinary black tea market is stabilizing. Customers are more aware towards the health effects of their food, thus shifting towards organic products.

The Global Tea Market is projected to reach at $67,751 million by 2023 from $46,392 million in 2016, growing at a CAGR of 5.5% from 2017 to 2023. The black tea segment accounted for about half of the global market volume in 2016.

Tea is one of the most popular beverages, usually made via brewing or boiling of dried Camellia sinensis plant leaves. The two prominent types of tea include black tea, widely consumed in western nations, and green tea, common in Asian countries. Tea care & husbandry management comprises proper site selection and several carefully maintained steps, which include permanent source of water, proper shelter, free draining soil with pH ranging from 5 to 5.8, and stringent regulations towards the amount of pesticides applied on plantations. Presently, the commercial consumption of tea is increasing, thus bridging the gap between out-of-home tea and coffee consumption. China and India are the major tea producing countries consisting of key players in the global market.

The growth of the global tea market is driven by the health benefits associated with consuming tea and rise in fitness concerns among people in different regions. The additional facts that support the growth of the market include increase in caf culture, rise in disposable income, change in tastes of people, and innovation of tea via introducing additional healthy ingredients. However, increase in cost of raw materials due to unpredictable weather, high cost of production, and increase in trend of coffee consumption are expected to hamper the growth of market during the forecast period. Rise in tea demand from health-conscious young population and frequent introduction of new flavors & variety are expected to provide numerous opportunities for expansion of the global tea market.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2296

In 2016, Asia-Pacific and North America collectively accounted for more than 80% of the tea market share, registering a lucrative CAGR, and are anticipated to retain their position in the global tea market in 2023. This is attributed to the significant growth of the food & beverage industries in China, India, & other developing economies; rise in health-conscious population, and increase in popularity of various tea types in both regions.

Major companies profiled in the report include are:

• Tata Global Beverages
• Unilever
• Associated British Foods Plc.
• TAETEA
• Nestl
• Barry's Tea
• Apeejay Surrendra Group
• Bettys & Taylors Group Ltd.
• McLeod Russel
• ITO EN Inc.

The hypermarkets/supermarkets segment was the leading distribution channel with most of the tea market share in 2016, growing with significant CAGR during the forecast period. This is attributed to the increase in business of retail sales in different regions and availability of large shelf space for maximum sales.

Flat 20% Discount on Single User License @: https://www.alliedmarketresearch.com/checkout/723915 * Offer Valid Till 20th April 2019

Tea consist of large number of bioactive compounds apart from flavonoids such as amino acids, caffeine, lignins, proteins, xanthines, and more. These maintain cardiovascular health, reduce cholesterol, check DNA damage, enhance metabolism, prevent cancer, promote neurological health, and more. In 2016, the black tea segment occupied major market, in terms of revenue, accounting for about one-third of the share. This trend is expected to be replaced by green tea during the forecast period, owing to its rise in consumption in different regions. The green tea segment accounted for second highest market share in 2016, and is expected to grow at a significant CAGR during the forecast period. Asia-Pacific and Europe accounted for more than 80% share of the global tea market in 2016, owing to the large-scale consumption of tea and presence of different varieties.

Key Findings of the Tea Market:

• Green tea segment is projected to witness the highest CAGR of 8.8% in revenue terms during the forecast period.
• Asia-Pacific is expected to dominate the market in 2023, due to high growth of population and increase in demand for tea products.
• Supermarket/hypermarket segment occupied the largest market with maximum value share in 2016, and is expected to grow at the significant CAGR during the forecast period.
• China is the largest country in terms of demand and production of tea in the global tea market.
• Fruit/herbal tea is anticipated to witness the second highest growth rate, registering a CAGR of 7.1% from 2017 to 2023, in value terms.

Access Full report @ https://www.alliedmarketresearch.com/tea-market

About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Tea Market 2017 Global Industry Key Players Analysis, Sales, Supply, Demand and Forecast to 2023 here

News-ID: 1679054 • Views: 332

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Tea

Bubble Tea Market
https://www.qandqmarketresearch.com/reports/7404101/bubble-tea-market-1 The global Bubble Tea market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 20192025. This report focuses on Bubble Tea volume and value at global level, regional level and company level. From a global perspective, this report represents overall Bubble Tea market size by analyzing historical data and future prospect. Regionally, this report focuses on
Canned Tea Market
https://www.qandqmarketresearch.com/reports/7304730/canned-tea-market-106 Canned tea is a relatively recent method of marketing tea which has been sold traditionally as leaf tea and also, for the last 100 years, in tea bag form. It utilises the canning process to produce a ready made drink. Perceived advantages are ease of use minimal or no preparation time and the possibility of additives such as flavours or sugar; the disadvantages are the cost of shipment and therefore
Global Scented Tea Market - Global Trends, Industry Size, Growth By Ritual Tea, …
Scented teas use the leaves of the tea plant as a base. Tea crafters infuse those leaves with flowers, spices, or herbs after processing. According to this study, over the next five years the Scented Tea market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market
Organic Tea Market Is Booming Worldwide | Bigelow Green Tea, Dilmah Organic Tea, …
HTF MI recently introduced Global Organic Tea Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Bigelow Green Tea, Dilmah Organic Tea, EDEN, Coconut Pouchong Tea, Allegro
Slimming Tea , Slimming Tea Market, Slimming Tea Market Trend, Slimming Tea Mark …
Global Slimming Tea Market WiseGuyRerports.com Presents “Global Slimming Tea Market 2018-2022” New Document to its Studies Database. The Report Contain 130 Pages With Detailed Analysis. Description Slimming tea is used to manage or lose body weight owing to the presence of high contents of antioxidants in it. Slimming teas are available in several types such as green tea, herbal tea, and other teas such as oolong tea, white tea, organic tea, and flavored
Slimming Tea, Health Choices Grow Tea Market
The report covers all the crucial elements of the market and presents quantitative and qualitative information about these elements on a global as well as regional level. The report is titled “Global Slimming Tea Market 2018-2022”. Slimming tea is used to manage or lose body weight owing to the presence of high contents of antioxidants in it. Slimming teas are available in several types such as green tea, herbal tea, and other