openPR Logo
Press release

Tea Market is estimated to reach USD 69 billion by 2027, increasing at 9.5% CAGR during 2020-2027 | Size, Share & Forecast

09-29-2022 10:36 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Tea Market

Tea Market

Tea Market

The Tea Market is estimated to reach USD 69 billion by 2027, growing at a CAGR of 9.5% over the forecast period (2020-2027).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-tea-market-by-type-green-black-oolong-herbal/

The factors driving the growth of Tea Market includes increasing demand for low sugar beverages and immunity building products, rising awareness about the health benefits of herbal tea, growing prevalence of diabetes, obesity and heart related diseases around the world and improvements in the living standards. According to the report published by Statista, the market size of herbal tea production in the United States has increased from 395.7 million in 2019 to 401.3 million in 2021, which is expected to accelerate the Global Tea Market in the approaching years. Moreover, rise in the launch of innovative flavors of tea, growing adoption of advanced technologies by manufacturers, easy availability of tea products at e-commerce platforms and offline retail outlets, rapid urbanization and increasing application of tea in cosmetic and beauty industry, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Tea Market is hindered attribute to fluctuations in the price of raw materials and growing consumption of coffee. 

The prominent players operating in the market are MCLEOD RUSSEL INDIA LIMITED, NESTLE S.A., TAETEA, Associated British Foods plc, BARRY'S TEA LIMITED, Hain Celestial, Tata Consumer Products, THE REPUBLIC OF TEA, ITO EN, LTD., and Unilever, among others.

Based on Type, the Black Tea segment is predicted to grow at a significant CAGR during the forecast period

Black tea reduces cell damage in the body, improves heart's health, minimizes low-density lipoprotein (LDL) cholesterol, and enhances gut health, are some of the factors responsible for the segment's growth. 

Based on Distribution Channel, the Supermarkets/Hypermarkets segment is projected to expand at a robust CAGR over the forecast period

Supermarket offers wide range of tea products with attractive discount offers and provides the option of free-home delivery, are some of the factors propelling segment's growth.

Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR over the forecast period

Rise in the prosecution of tea, favorable climatic and demographic conditions for producing tea, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Developments

In 2021, Ito En partnered with Taiyo International to offer high-quality matcha to the food, beverage, and supplement industries in North America.
In 2019, ITO EN LTD. launched Oi Ocha, a ready-to-drink green tea brand, in Walmart nationwide.

Market Segmentation

Segmentation by Type

Green Tea
Black Tea
Oolong Tea
Fruit/Herbal Tea
Others

Segmentation by Packaging

Plastic Containers
Loose Tea
Paperboards
Aluminum Tins
Tea Bags

Segmentation by Distribution Channel

Supermarkets/Hypermarkets
Specialty Stores
Convenience Stores
Online Stores
Others

Segmentation by Application

Residential
Commercial

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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 is estimated to reach USD 69 billion by 2027, increasing at 9.5% CAGR during 2020-2027 | Size, Share & Forecast here

News-ID: 2753117 • Views: 239

More Releases from Gmi Research

Commercial Greenhouse Market is estimated to grow at a robust CAGR of 10.2% duri …
Commercial Greenhouse Market is predicted to expand at a robust CAGR of 10.2% over the forecast period. The factors driving growth of the Commercial Greenhouse Market includes growing consumption of fruits and vegetables around the world, greenhouse farming requires less water and area to produce the same amount as compared to conventional farming and improvements in the living standards. Moreover, increase in Government's expenditure on the agriculture sector, growing demand for
Walnut Market is predicted to grow at a Higher CAGR during 2022-2029 | Size, Sha …
Walnut Market is estimated to grow at a significant CAGR during the Forecast Period, 2022-2029 For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/walnut-market-research-analysis/ The factors driving the growth of Walnut Market includes rising prevalence of diabetes and cardiovascular diseases, growing awareness about the benefits of consuming walnut products, busy lifestyles, increasing use of walnuts in bakery food items and improvements in the living standards. According to the report published by
Processed Meat Market is estimated to grow at a Significant CAGR of 4.1% during …
Processed Meat Market is projected to grow at a CAGR of 4.1% over the forecast period, till 2029. For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/processed-meat-market-size-industry-analysis-research/ The factors driving the growth of Processed Meat Market includes growing consumption of fruits, vegetables, and cereals, rise in the working women population around the world, increasing demand for ready-to-eat food products and improvements in the living standards. In addition, growing adoption of advanced
Magnetic Resonance Imaging Market is projected to touch USD 7.2 billion in 2029, …
Magnetic Resonance Imaging Market was valued at USD 5.2 billion in 2021 and is forecast to touch USD 7.2 billion in 2029, exhibiting a CAGR of 4.2% from 2022-2029. For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/mri-systems-market-analysis-industry-research/ The factors driving the growth of MRI Systems Market includes rising cases of cancer around the world, growing use of MRI systems to identify diseases related to spine lesions, tumors, and strokes, growing

All 5 Releases


More Releases for Tea

Green Tea Market Size | Status | Top Players - Longrun Tea, Dayi Tea Group, Chin …
Green Tea Market describes an in-depth evaluation and Covid19 Outbreak study on the present and future state of the Green Tea market across the globe, including valuable facts and figures. Green Tea Market provides information regarding the emerging opportunities in the market & the market drivers, trends & upcoming technologies that will boost these growth trends. The report provides a comprehensive overview including Definitions, Scope, Application, Production and CAGR (%)
Scented Tea Market 2019 Global Analysis By Key Players – Ritual Tea, Ahmad Tea …
Scented Tea Market 2019 Wiseguyreports.Com adds “Scented Tea Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Report Details: This report provides in depth study of “Scented Tea Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Scented Tea Market report also provides an in-depth survey of key players in the market which is based on the various objectives
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
Bubble Tea Market – Industry Analysis by Type ( black tea, green tea, oolong t …
Bubble Tea Market Research Report Bubble tea is in vogue among youth and widely consumed as a substitute of green tea. The rising consumption of bubble tea owing to its health related benefits has boosted the market growth. Easy availability and low prices have enforced the consumers to buy more bubble tea as compared to normal tea types.  To Request for PDF Sample, Click Here: http://bit.ly/2J07XkJ This report studies the global Bubble Tea market size, industry
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
Tea Bag Market Insights 2018 - Global Trends by Black Tea, Green Tea, Flavor Tea …
Tea Bag Market by Global Brands, Countries, Type and Applications 2018 updated report provides a comprehensive analysis of the Tea Bag market focusing on the market size and trends with industry structure review This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Twinings Harney & Sons Celestial Seasonings Tazo Dilmah Bigelow Tetley Yogi Tea The Republic of Tea Yorkshire Tea Lipton Mighty Leaf Tea Stash Tea Teavana Luzianne Numi Tea Red Rose Request a Sample on Tea Bag