Tea Pods Market Outlook 2024: Exclusive Report By The Business Research Company | Unilever plc, Bigelow Tea Co, Nestle SA, Keurig Dr Pepper Inc., Cornish Tea & Cornish Coffee Ltd, Tata Global Beverages Ltd., Red Diamond Inc., TEEKANNE GMBH & CO. KG, The R

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Tea Pods Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The tea pods market size has grown strongly in recent years. It will grow from $6.17 billion in 2023 to $6.5 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to convenience, health awareness, environmental concerns, marketing and branding.

The tea pods market size is expected to see steady growth in the next few years. It will grow to $7.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to sustainability, health and wellness, emerging markets. Major trends in the forecast period include flavor variety, customization, smart technology, wellness and functional teas.

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Market Segmentation:
The main types of tea pods are soft tea pods and hard tea pods. A soft pod is a teabag that is sealed inside filter paper and has a round, flat shape, that is usually soft and pliable. The main distribution channels for tea pods are supermarkets and hypermarkets, independent retailers, convenience stores, and specialist retailers. The various tea types are green tea, black tea, herbal tea, and others.

Major Driver - Tea Consumption Surge Drives Tea Pods Market Growth
Increasing tea consumption across the globe is expected to drive the growth of the tea pods market during the period. According to the Tea Association of the USA Inc., on any given day, over 159 million Americans are drinking tea. For instance, in July 2022, Americans consumed over 84 billion servings of tea, or more than 3.8 billion gallons and about 84% of all tea consumed was black tea, 15% was green tea, and the small remaining amount was oolong, white, and dark tea. The production of black tea is anticipated to rise by 2.2% annually over the next decade to reach 4.4 million tons by the end of 2027. This scenario is likely to generate higher demand for tea, which in turn is expected to have a positive impact on the tea pods market growth in the near future.

Competitive Landscape:
Major companies operating in the tea pods market include Unilever plc, Bigelow Tea Co, Nestle SA, Keurig Dr Pepper Inc., Cornish Tea & Cornish Coffee Ltd, Tata Global Beverages Ltd., Red Diamond Inc., TEEKANNE GMBH & CO. KG, The Republic of Tea Inc., Jacobs Douwe Egberts, Mother Parkers Tea & Coffee Inc., Starbucks Corporation, Reily Foods Company (RFC), Sidsam Group, VitaCup Inc., Celestial Seasonings Inc., R Twining and Company Limited, Tazo Tea Co, Lipton Teas and Infusions, Harney & Sons Fine Teas, Mighty Leaf Tea, Numi Inc., Yogi Tea, Stash Tea Co, Traditional Medicinals & WorldPantry.com LLC, Rishi Tea & Botanicals, Zhena's Gypsy Tea, The Tea Spot Inc., Two Leaves and a Bud, Davidson's Organic Tea

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Top Trend - Flavoured Tea Revolution Trend
The availability of different types of flavoured tea is emerging as a major trend that is shaping the growth of the tea pods market. Major players dealing in the tea pods market are now focusing on new flavours and introducing products according to consumers' tastes and preferences. For instance, in June 2021, Teavana Corporation, a US-based tea company, introduced new white chocolate peppermint tea sachets, joining the brand's existing line-up of premium tea sachets that are expertly blended to build layers of delicious flavours with high-quality full pieces of tea, real fruit, and botanicals. The indulgent herbal blend features notes of creamy white chocolate, cocoa, and smooth rooibos balanced with cool peppermint. Thus, the launch of new flavoured tea by the players dealing in the tea pods market is anticipated to be a major trend in the tea pods market.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Tea Pods Market Characteristics
3. Tea Pods Market Trends And Strategies
4. Tea Pods Market - Macro Economic Scenario
5. Tea Pods Market Size And Growth
…..
27. Tea Pods Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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