Tea Market Trends: Brewing Success in a Steeped Industry 2029

Tea Market Report Scope:

The comprehensive report on the Global Tea Market offers an insightful analysis, encompassing historical data, current trends, and future projections. With a meticulous assessment of market dynamics, segments, and a forecasted global market size, the report provides stakeholders with a clear understanding of industry landscape and trends. The report's key highlights include drivers, restraints, and regional insights, crucial for strategic decision-making.

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Global Tea Market size was valued at US$ 66.82 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6.6% through 2022 to 2029, reaching nearly US$ 104.52 Bn.

Tea Market Research Methodology:

Employing a robust research methodology, the report integrates industry-validated market data, historical trends, and projections. Analytical tools such as PEST analysis, PORTER's analysis, and SWOT analysis further contribute to a comprehensive understanding of the Global Tea Market dynamics. The report is a valuable resource for stakeholders navigating the evolving market landscape.

What are Tea Market Dynamics:

The report identifies the emergence of tea culture in emerging markets, rising health consciousness, and disposable income as key drivers fueling the growth of the tea market. On the contrary, challenges include the increasing trend of coffee consumption and fluctuating raw material prices due to unexpected weather conditions. However, the market is poised to thrive with the growing demand for herbal tea and the introduction of new flavors and varieties.

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Tea Market Regional Insights:

Asia Pacific and Europe are anticipated to dominate the market shares at 40% and 30%, respectively, by 2029. China, with its rich tea culture, is expected to exhibit the highest growth, while North America, the Middle East, and Africa are also poised for significant expansion.

What is Tea Market Segmentation:

by Product

Black
Green
Oolong
Herbal

The market is divided into Black, Green, Oolong, and Herbal segments based on the product. By 2027, the Black Tea sector is anticipated to command the highest market shares at 42.5%. This is because there are more people drinking tea globally.

Because black tea has a high content of antioxidants and polyphenols, it is also a favourite choice among health aficionados. Black tea extract contains the following nutrients: vitamin C, zinc, iron, magnesium, copper, manganese, potassium, fluoride, and calcium. Black tea extract has higher antioxidant content and anti-allergic, anti-viral, and anti-spasmodic properties than green tea.

The growing popularity of herbal remedies has had a beneficial impact on the size of the black tea extract market.

by Application

Residential
Commercial

The market is divided into three segments based on the applications: online, specialty stores, supermarkets and hypermarkets. Over the course of the forecast period, the online distribution channel segment is anticipated to grow quickly at a CAGR of 5.9%.

The introduction of online apps, coupled with the availability of sales and prompt product delivery, has a positive effect on the supply chain of the market. For instance, stores like Big Basket and Walmart, among others, provide a wide range of flavoured teas with the option for both online and offline delivery. Throughout the forecast period, these are the main factors propelling this segment's expansion in the worldwide market.

by Distribution Channel

Supermarkets & Hypermarkets
Specialty Stores
Online

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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

Table of content for the Tea Market includes:

Global Tea Market : Research Methodology
Global Tea Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Tea Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Development

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Key Offerings:

Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
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
Recommendations

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