Press release
India Tea Market Size To Reach 1.5 Million Tons at a CAGR of 4.5% by 2028
What Are The Growth Prospects Of The India Tea Industry?
According to the report, The India tea market size reached 1.2 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 1.5 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
What is India Tea?
Tea represents an aromatic beverage that is prepared by infusing the dried and crushed leaves of the Camellia sinensis plant in boiling water. Some of the widely available product variants include black, white, herbal, green, and oolong tea. In line with this, tea is a rich source of caffeine, antioxidants, polyphenols, and minerals, such as manganese, potassium, magnesium, calcium, etc. Regular consumption of tea can reduce cholesterol levels in the blood, assist in minimizing the damage caused by free radicals in the body, facilitate healthy weight management, etc. It is commonly stored and distributed in paper packaging, plastic containers, bags, aluminum tin boxes, etc.
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What are the growth prospects and trends in the india tea industry?
The escalating demand for cost-effective and healthy beverages and the food and beverage (F&B) industry are primarily driving the India tea market. Additionally, the growing number of online retail channels and the inflating expenditure capacities of individuals are further catalyzing the market growth. Besides this, the increasing consumer awareness towards premium and packaged tea brands is acting as another significant growth-inducing factor. Moreover, leading manufacturers are utilizing multi-layered packaging to store and distribute tea, minimize the instances of adulteration, and maintain the freshness and fragrance of the tea leaves, which is augmenting the market growth across the country. Apart from this, the rising popularity of organic and green tea that help in treating health conditions, including diabetes and obesity, is also stimulating the market growth. Furthermore, the introduction of novel fruit, herbal, and other specialty product variants that reduce anxiety and minimize the risks of developing chronic medical ailments is anticipated to fuel the India tea market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
Green Tea
Black Tea
Oolong Tea
Others
Breakup by Packaging:
Plastic Containers
Loose Tea
Paper Boards
Aluminium Tin
Tea Bags
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Convenience Stores
Online Stores
Others
Breakup by Application:
Residential
Commercial
Breakup by Region:
North India
West and Central India
South India
East India
Who are the key players operating in the industry?
The report covers the major market players including:
Amar Tea Pvt. Ltd.
Duncans Industries Ltd.
Hindustan Unilever Limited
Organic India Private Limited
Pataka Group of Companies
Tata Consumer Products (Tata Sons Private Limited)
Wagh Bakri Tea Group.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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