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Black Tea Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

02-19-2024 01:59 PM CET | Food & Beverage

Press release from: Orion Market Research

Black Tea Market Size, Trends, Latest Insights, Analysis

Global black tea market is growing at a CAGR of 6.8% during the forecast period (2024-2031). The market is experiencing significant growth due to factors such as rising awareness about the health benefits associated with tea, the rising demand from SMEs and various industry verticals, and macroeconomic growth. The rising awareness about the health benefits associated with black tea is grabbing the attention of health-conscious consumers and the growing production capacity of black tea across the globe is supporting the global black tea market growth. The total tea production globally in 1998 was 2,963,000 tons. Among them, 22,400,000 tons were black tea (75.6% of the total tea production). There are 40 countries globally producing black tea.

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Production Statistics of Top 5 Black Tea Production Countries

• China is the largest producer of tea and black tea is one of the important segments of it. Black teas originated in China, where they are known as red tea. Black tea was the second most produced tea type in China with approximately 15.2% output share in 2022. By 2030, world black tea production is projected to increase annually by 2.1%, at a slightly slower pace than the previous decade when growth stood at 2.4%, reflecting major increases in China, Kenya, India, and Sri Lanka. The expansion in China is expected to be significant (4.1%), underpinned by strong growth in domestic demand for black teas such as Pu'er, cultivated in the Yunnan, Province in China.

A full report of Black Tea Market is available at: https://www.omrglobal.com/industry-reports/black-tea-market

• Black tea consumption is projected to grow by 2.0% over the next decade. The largest expansion within the top five producing countries is forecast in China, where consumption is expected to increase by an annual growth rate of 4.9%, as black tea, Pu'er tea, and dark tea are enjoying great popularity due to the increasing awareness of the health benefits linked to drinking tea. Strong growth is also expected in many producing countries in Africa and Asia, such as Uganda (8.1%), Rwanda (5.1%), Kenya (4.3%), Malawi (4.0%), Zimbabwe (3.8%), Bangladesh (2.8%), Nepal (2.4%), India (2.1%), Indonesia (1.5%) and Sri Lanka.

• World tea exports increased annually by 0.5% over the last decade. Black tea exports registered a minor increase of 0.1%, owing to increasing shipments from Kenya and India, which more than offset reduced shipments by Sri Lanka, the second largest exporter of black tea.

The largest countries producing black tea globally are China, India, Kenya, Sri Lanka, and Indonesia, among others. Asia-Pacific region holds the highest market share because of the presence of the largest black tea production facilities. Further African countries such as Kenya have the largest black tea states producing the world's largest quantity of black tea, mainly grown in the Kericho region, the Nyambene Hills, and Nandi.

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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