Global Tea Market Industry Growth , Business Trends, Opportunities - Analysis to 2030

Global Tea Market size was valued at US$ 75.93 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 6.6% through 2024 to 2030, reaching nearly US$ 118.77 Bn.

Tea Market Overview

It is one among the world's most popular beverages. The most popular teas are black and green teas, with herbal tea gaining popularity. Tea is considered a healthy beverage since it contains a variety of powerful antioxidants as well as minerals including potassium, manganese, magnesium, and calcium.

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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Tea Market Dynamics

Tea has grown incredibly popular because of the growing market's tea culture. Additionally, the expansion of the tea market has been aided by growing disposable money and health consciousness. The inclusion of extra healthy ingredients into tea by different market competitors is one of the other reasons propelling the market's expansion.

The two main factors influencing this industry are the increasing trend of coffee consumption and the fluctuating prices of raw materials due to unforeseen weather events. Conversely, it is anticipated that the market for tea would expand in tandem with the rise in demand for herbal tea and the introduction of new tea flavours and kinds.

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 2030, the Black Tea sector is predicted to command the most 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.

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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Tea Market Key Players

North America
1. Rishi Tea and Botanicals
2. Genuine Tea Co.
3. Novel Teas
4. Numi Organic Tea
5. JDE Peet's
6. Bigelow Tea Company
7. Thaiwala
8. Tea Sparrow

Europe
9. Halssen & Lyon
10. Unilever
11. Ahmad Tea
12. Ecotone
13. Illycaffe
14. Kapchorua Tea
15. Typhoo Tea

APAC
16. Dilmah Tea
17. Basilur Tea
18. The Wellness Group (TWG Tea)
19. Gujarat Tea Processor & Packers Ltd.
20. The Tea Heaven
21. Dhunseri Tea & Industries
22. Amaara Herbs
23. Indong Tea
24. China Tea

ME
25. Limura Tea
26. Rabea Tea
27. Sadaf Tea

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Regional Insights:

By 2030, market forecasts indicate that Europe and Asia Pacific would hold the largest market shares, with 30% and 40% (U$D 0122.2 billion), respectively. This merely emphasised how much tea is produced and consumed in those areas.

China is anticipated to develop at the greatest CAGR during the projection period due to the country's widespread tea culture. During the projected period of 2024-2030, these are the primary factors propelling the growth of the Asia Pacific and Europe regions in the worldwide market.

Over the course of the projected period, North America is anticipated to grow quickly at a CAGR of 6.0%. Throughout the projection period, easy access to goods from Twining's, Numi Organic Tea, and Tata Global Beverages, among others, is anticipated to support regional market expansion.

Prominent Indian firms such as Apeejay Surrendra Group and Tata Global Beverages provide a vast array of goods for affluent customers both domestically and abroad. An exclusive brand of tea manufactured completely of organic and natural ingredients and kept cold to retain the product's freshness and aroma has been introduced by Teabox, an Indian speciality store. Certain products are therefore more costly than typical products.

Key Questions answered in the Tea Market Report are:

How has the Tea market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Tea market?
What is the regional breakup of the global Tea market?
What are the price trends of various feedstocks in the Tea industry?
What is the structure of the Tea industry and who are the key players?
What are the various unit operations involved in a Tea processing plant?
What is the total size of land required for setting up a Tea processing plant?
What is the layout of a Tea processing plant?
What are the machinery requirements for setting up a Tea processing plant?
What are the raw material requirements for setting up a Tea processing plant?
What are the packaging requirements for setting up a Tea processing plant?
What are the transportation requirements for setting up a Tea processing plant?
What are the utility requirements for setting up a Tea processing plant?
Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Tea
Landscape- Leading key players and other prominent key players.
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