Global Tea Market | Expected to Reach volume of 7.58 Million Tons by 2024: IMARC Group

According to the global tea market report by IMARC Group, the market reached a volume of 6.2 Million Tons in 2018. Looking forward, IMARC expects the market is further projected to reach a volume of 7.58 Million Tons by 2024. Tea is an aromatic beverage that is brewed by pouring hot water over cured leaves of the Camellia sinensis tea plant. The tea leaves are cultivated in various sub-tropical regions around the world. White, black, green and oolong tea are the most common types of tea available in the market. They are rich in essential oils, antioxidants, polyphenols and caffeine, and offer various health benefits, including weight management, maintaining bone health and reducing the risks of a heart attack.

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The global market is primarily driven by increasing consumer preference for tea-based beverages over carbonated drinks. Furthermore, growing awareness regarding the health benefits of green tea and organic tea variants, owing to their medicinal properties and diversified health benefits, is also providing a boost to the market growth. With an extremely high penetration rate in regions such as Asia and Europe, tea has emerged as one of the inexpensive and healthy beverages, which has consequently accelerated its acceptance and popularity across the globe. Other factors, including rising disposable incomes, product premiumization and the development of unique flavors, are projected to drive the market further.

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Key Market Segmentation:

Market Breakup by Type

1. Green Tea
2. Black Tea
3. Oolong Tea
4. Fruit/Herbal Tea
5. Others

Market Breakup by Packaging

1. Plastic Containers
2. Loose Tea
3. Paper Boards
4. Aluminium Tin
5. Tea Bags
6. Others

Market Breakup by Distribution Channel

1. Supermarkets/Hypermarkets
2. Specialty Stores
3. Convenience Stores
4. Online
5. Others

Market Breakup by Application

1. Residential
2. Commercial

Market Breakup by Region

1. China
2. India
3. Kenya
4. Sri Lanka
5. Turkey
6. Vietnam
7. Others

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Key highlights of the report:

Market Performance

Market Outlook

Porter's Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Competitive Structure

Profiles of Key Players

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