Press release
Tea Market is expected to reach USD 118.77 Bn by 2030, as per Maximize Market Research.
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 of the most widely consumed drinks worldwide. Black and green teas are the most popular, while herbal tea is also gaining popularity. Tea is viewed as a nutritious drink due to its rich supply of antioxidants and minerals like potassium, manganese, magnesium, and calcium. Because of the growing tea culture in the emerging market, tea has gained immense popularity. Moreover, the tea market has been bolstered by increasing health awareness and higher disposable income. Further driving the market's expansion are the incorporation of more advantageous elements in tea by different market participants.
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The regional market growth is anticipated to increase due to the convenient access to products from companies like Twining's, Numi Organic Tea, and Tata Global Beverages. Tata Global Beverages and Apeejay Surrendra Group, prominent Indian companies, manufacture a diverse range of products catering to affluent customers in India and globally. Teabox, an Indian specialty store, has introduced a unique range of tea crafted with only organic and natural ingredients and stored in cold temperatures to maintain the aroma and freshness of the tea. Consequently, certain items cost more than regular products.
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Tea Market Segmentation
by Product
Black
Green
Oolong
Herbal
by Application
Residential
Commercial
By Distribution channel
Supermarkets & Hypermarkets
Specialty Stores
Online
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Tea Market leaders
Rishi Tea and Botanicals
Genuine Tea Co.
Novel Teas
Numi Organic Tea
JDE Peet's
Bigelow Tea Company
Thaiwala
Tea Sparrow
Halssen & Lyon
Unilever
Ahmad Tea
Ecotone
Illycaffe
Kapchorua Tea
Typhoo Tea
Dilmah Tea
Basilur Tea
The Wellness Group (TWG Tea)
Gujarat Tea Processor & Packers Ltd.
The Tea Heaven
Dhunseri Tea & Industries
Amaara Herbs
Indong Tea
China Tea
Limura Tea
Rabea Tea
Sadaf Tea
Key questions answered in the Market are:
What was the Market size in 2023?
What is the projected demand for the Tea Market?
Which are the factors expected to drive the Market growth?
What is the future projection for the Tea Market?
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-tea-market/19202/
Key Offerings:
Past Tea Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Tea Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
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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Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
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