Press release
Global Tea Market to Register 2.80% CAGR from 2014-2020 owing to Increasing Popularity of Green Tea Worldwide - Industry Analysis, Trend, Size, Share and Forecast
The global tea market is expected to witness a significant growth during the forecast period. This is due to increasing demand from a growing segment of the population for different flavors of tea. Globally, the most popular and lowest cost beverage after water is tea. A wide range of age group all across the world consumes it. A large number of people earn their livelihood through the production and processing of tea. Tea consumption is gaining popularity due to the antioxidants properties of tea leaves due to which they are widely used to treat cancer, reduce risk of heart attacks, prevent arthritis, improve bone density, and control blood pressure among others.
The report comprises a detailed description regarding the forecast and analysis of the tea market globally. The forecast provided in the report is based on volumes (kg billion) and revenue (USD billion) for the period ranging from 2014 to 2020. For better understanding of the tea market, we have given a detailed analysis of the drivers and restraints of the tea market and their impact on the market growth within the forecast period.
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Furthermore, the scope of the report covers market attractiveness analysis, where the product types of tea are analyzed based on their market size, growth rate and general attractiveness. We have also covered the existing market scenario for tea and highlighted future trends that are likely to affect the demand for tea. In addition, the study also includes a detailed competitive landscape comprising the market share of the top companies.
The market has been segmented into by product type and by geography. Each segment is forecast in terms of revenue (USD billion) and volume (Kg billion). The global tea market, by product type is segmented into – leaf tea and CTC tea (crush, curl and tear). Leaf tea is further categorized into black tea, green tea and oolong tea. Tea is consumed in two forms – packaged and loose. However, loose tea holds the major market share but packaged tea manufacturers are focusing on increasing their market share by raising the quality of tea and launching different flavor of tea. The market for CTC tea is comparatively larger as compared to leaf tea market. Growing consumer demand for hot beverages such as tea and easy availability at low price is a driving factor behind the growth of global CTC tea. The tea market is primarily driven by the increasing consumer interest in healthy products. People prefer to have tea not only as a refreshment beverage; it also helps to gain different health benefits.
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Table of Content
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.2.1 Global tea market segmentation, product type and geography
1.3 Research scope
1.4 Research methodology
Chapter 2 Executive Summary
2.1 Global tea market size and volume, 2013 - 2020 (USD billion), (kg billion)
2.2 Global tea market snapshot
Chapter 3 Market overview
3.1 Introduction
3.2 Market Drivers
3.2.1 Market Drivers for tea market: Impact analysis
3.2.1.1 Health benefits of tea consumption
3.2.1.2 Global tea market: Flavonoid antioxidant content of selected beverages & food (2014)
3.2.1.3 Economic benefits and huge employment opportunities generated through the tea industry
3.3 Market restraints
3.3.1 Restraints for tea market: Impact analysis
3.3.2 Side effects of over consumption of tea
3.3.3 Availability of substitutes for tea
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