Tea Market - Trends Forecast Till 2028

Tea Market, by Type (Green Tea, Black Tea, Oolong Tea, Fruit/Herbal Tea, and Others), Packaging (Plastic Containers, Loose Tea, Paperboards, Aluminium Tins, and Tea Bags), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, And Others) Application (Residential and Commercial) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-CG-TM-999

Format:  

Number of Pages: 358

Domain: Consumer Goods & Services

Tea Market – Trends Forecast Till 2028

The global tea market size was valued at USD 55,144 million in 2019, and is projected to reach a CAGR of 7.6% from 2021 to 2028.

Tea is an aromatic beverage derived from Camellia Sinensis plant. It is one of the most consumed beverages in the world. Black tea and green tea are the most popular tea while herbal tea is gaining popularity. Tea is considered a healthy beverage owing to presence of a number of potent antioxidants, and minerals such as potassium, manganese, magnesium, & calcium. Regular consumption of tea helps reduce cell damage caused due to free radicals as well as lowers cholesterol levels and facilitates healthy weight loss

Growth in health awareness, increase in the disposable income and introduction of additional healthy ingredients in tea by different market are some of the factors that have supported long-term expansion for Tea Market.

Tea Market Size Analysis

Asia-Pacific and Europe are the most prominent regional market. This can be attributed high consumption and production of tea in the region. China is expected to grow with the highest CAGR throughout the forecast period, owing to the prevalence of tea culture.

Tea Market is segmented into application, type, distribution channel, packaging and region.

On the basis of Application

  • Residential
  • Commercial

On the basis of Type  

  • Green Tea
  • Black Tea
  • Oolong Tea
  • Fruit/Herbal Tea
  • Others

On the basis of Distribution Channel  

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Stores
  • Others

On the basis of Packaging

  • Plastic Containers
  • Loose Tea
  • Paperboards
  • Aluminum Tins
  • Tea Bags

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Tea Market Primary Respondent

 

Key Players

  • British Foods Plc.
  • Barry's Tea Limited
  • Hain Celestial Group, Inc
  • ITO EN, Ltd.
  • Mcleod Russel India Limited
  • Nestle S.A.
  • TaeTea
  • Tata Global Beverages
  • The Republic of Tea, Inc.
  • Unilever Group.

Recent Developments

  • April 01, 2021 -- The Republic of Tea, leading purveyor of premium teas and herbs, is proud to introduce the latest addition to its innovative and delicious Beautifying Botanicals® collection: Beauty Brain, an herbal tea for radiant skin and mind. This multiple-function, caffeine-free tea contains a proprietary blend of botanicals known for their beneficial antioxidants, along with unique herbs that can help support cognitive health.
  • 12 November 2021, Tata Consumer Products Limited (“TCPL”) announced today that it has signed definitive agreements to acquire 100% equity shares of Tata SmartFoodz Limited (“TSFL”) from Tata Industries Limited, for a cash consideration of Rs 395 Cr. This move is consistent with TCPL’s strategic intent to expand into value added categories.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Tea Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 6.7% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

application, type, distribution channel, packaging and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

British Foods Plc., Barry's Tea Limited, Hain Celestial Group, Inc, ITO EN, Ltd., Mcleod Russel India Limited, Nestle S.A., TaeTea, Tata Global Beverages, The Republic of Tea, Inc., And Unilever Group.

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