Asia-Pacific Tea & Tea-Based Beverages Market Size, Share, Industry Report To 2025

Asia-Pacific tea and tea-based beverages market was valued at around $18.8 billion in 2018, which is further estimated to reach around $28.2 billion in 2025 at a CAGR of 6.0% during the forecast period. Asia-Pacific is the largest producer and consumer of tea all across the globe. Due to this, the region has the largest market share during the forecast period. Major countries contributing to the market include China, India, Indonesia, Sri Lanka, and Vietnam. These countries are major tea producers.

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China and India are also major consumers of tea hence consume 70-80% of the total tea produced domestically, whereas countries such as Indonesia, Sri Lanka, and Vietnam are the major exporter of tea. These countries are emerging economies and the consumption of loose tea powder is significantly high as compared to tea bags and ready to drink tea. The market is fragmented as thousands of companies work in tea processing and exports however some global players such as Tata Group, Unilever Ltd., and Nestlé S.A. are significantly working in the region.

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There are several companies offering tea and tea-based beverages; some major players of this market include Tata Global Beverages, R.Twining and Co., Ltd., The Republic of Tea, Inc., Nestle, Starbucks Corp., Unilever Group, and Associated British Foods PLC.

Market Segmentation

Asia-Pacific Tea & Tea-Based Beverages Market by Type

Green Tea
Black Tea
Oolong Tea
Herbal Tea

Asia-Pacific Tea & Tea-Based Beverages Market by Format

Ready-to-Drink
Loose Tea Powder
Tea Bags

Asia-Pacific Tea & Tea-Based Beverages Market by Nature

Organic
Conventional

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This release was published on openPR.