Press release
Tea Capsule Market 2024 - By Size, Share, Trends, Demand, Global Challenges, Competitive Growth And Outlook By 2033
Tea Capsule Market
As per the report, the tea capsule market size has grown rapidly in recent years. It will grow from $1.28 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The tea capsule market size is expected to see rapid growth in the next few years. It will grow to $2.61 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%.
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Rising Tea Consumption Fuels Demand For Tea Capsules
Increasing consumption of tea is predicted to boost demand for tea capsules over the forecast period. According to the International Institute of Sustainable Development (IISD), tea has become the second most popular beverage, with 3 billion cups consumed every day across the globe. For instance, according to the Global Dubai Tea Forum, per capita consumption of tea is projected to increase to 37.7 litres by the end of 2021. Growing per capita consumption is likely to drive the demand for tea capsules in the near future.
Unique Production Process For Premium Tea Flavors
The players engaged in the manufacturing and selling of tea capsules are adopting various strategies, such as mergers and acquisitions, new product launches, and plant capacity expansion, in order to maintain their position in the competitive business environment. In June 2023, Singha Park Chiang Rai, a tea business in Thailand, launched 'Tea Capsules by Singha Park Chiang Rai,' a quality tea in capsule form with the combination of the unique innovative production process via a special blending technique to get 6 premium quality tea flavors that meet the lifestyle of modern consumers.
The tea capsule market covered in this report is segmented -
1) By Product Type: Red Tea Capsules, Oolong Tea Capsules, Black Tea Capsules, Yellow Tea Capsules, Other Product Types
2) By Distribution Channel: Hypermarkets & Supermarkets, Specialty Stores, Online Stroes, Convenience Stores, Other Distribution Channels
3) By Application: Residential, Commercial
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Major companies operating in the tea capsule market include Dualit Limited, Teespresso, Nestle Nespresso, Lipton, Corsini, Bonini S.r.l., Red Espresso USA, Tazo Tea Company, Harney & Sons Fine Teas, Celestial Seasonings, Keurig Dr Pepper Inc., Tassimo, Teavana Corporation, Caffitaly System SpA, Illycaffè SpA, Gourmesso, Ethical Bean Coffee, Gloria Jean's Coffees, Café Escapes, Solimo, Grove Square, SOUL&SOUL, The Republic of Tea, Grenera Nutrients Pvt Ltd., Bonhomiaworld, Herbadiet, Raab Vitalfood GmbH, Lamie Wellness LLC, Puro Fairtrade Coffee, Segafredo Zanetti Coffee System SpA
Contents of the report:
1. Executive Summary
2. Tea Capsule Market Report Structure
3. Tea Capsule Market Trends And Strategies
4. Tea Capsule Market - Macro Economic Scenario
5. Tea Capsule Market Size And Growth
…..
27. Tea Capsule Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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