Tea Market Opportunities, Sales Revenue, Leading Players and Forecast 2029

Tea Market revenue is expected to grow at a CAGR of 6.6% through 2022 to 2029, reaching nearly USD 104.52 Bn.

Tea Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Tea industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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What are Tea Market Dynamics?

The Global Tea market's popularity has surged due to the presence of a tea culture in emerging markets, increasing health awareness, and rising disposable incomes. Market growth is further driven by innovations introduced by various market players, incorporating additional beneficial components into tea. However, the market faces challenges such as the growing trend of coffee consumption and fluctuating raw material prices caused by unpredictable weather conditions. Conversely, the market is poised for growth with increasing demand for herbal teas and the introduction of new flavors and tea varieties.

The rise of organic tea is expected to bolster market growth as manufacturers invest in research and development to enhance product quality and flavor. For example, Green Hills introduced Rum and Honey Flavored Herbal Tea to cater to those seeking low-sugar beverages, containing ingredients like licorice, apple, cinnamon, and star anise, which impart an alcoholic flavor.

Tea Market Segmentation?

The Global Tea Market is segmented based on Product and Applications.

Product Segment:

Black Tea: Expected to hold the largest market share of 42.5% by 2027, driven by increasing tea consumption globally. Black tea's popularity among health enthusiasts is due to its high concentration of antioxidants and polyphenols, along with the presence of essential minerals.

Green Tea: Anticipated to grow rapidly at a CAGR of 9.8% during the forecast period, attributed to growing health and fitness awareness and increasing promotion through direct-to-consumer advertising and celebrity endorsements.

Applications Segment:

Online Distribution Channel: Expected to grow rapidly at a CAGR of 5.9% during the forecast period, driven by the convenience of online apps, discounts, and prompt product delivery. Retailers like Walmart and Big Basket offer diverse selections of flavored teas, both online and offline, further enhancing the supply chain.

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Who are Tea Market Key Players?

1. TATA GLOBAL BEVERAGES LIMITED
2. UNILEVER PLC
3. ASSOCIATED BRITISH FOODS PLC
4. BARRY'S TEA
5. APEEJAY SURRENDRA GROUP
6. BETTYS & TAYLORS GROUP LTD.
7. MCLEOD RUSSEL INDIA LTD
8. ITO EN, LTD
9. DAVIDS TEA INC.
10.TEA FORTÉ INC.
11.Barry's Tea
12.R Twining and Company Limited
13.Hain Celestial Group Inc.
14.Nestle SA
15.Orientis Group (Kusmi Tea)
16.The Republic of Tea
17.Tazo Tea Company
18.Numi Inc.
19.Apeejay Surrendra Group
20.Mighty Leaf Tea Company
21.Bettys & Taylors Group Ltd.

Table of content for the Tea Market includes:

Part 01: Executive Summary

Part 02: Scope of the Tea Market Report

Part 03: Global Tea Market Landscape

Part 04: Global Tea Market Sizing

Part 05: Global Tea Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: Expected to grow rapidly at a CAGR of 6.0% during the forecast period, supported by the easy availability of tea products from various companies.

Middle East and Africa (MEA): Anticipated to grow rapidly at a CAGR of 7.3% during the forecast period, driven by countries like Turkey and Iran, which are among the world's largest tea consumers.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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