Tea Market: Size, Share, and Growth Report for 2032
Tea Market Overview:
In 2023, the worldwide tea market was worth USD 19.76
billion. With a CAGR of 4.02 percent from 2024 to 2032, the market is expected
to reach USD 28.33 billion by 2032.
Organic tea's growing popularity is predicted to improve the
Tea
Market growth. Teas such as black, green, and herbal teas are
the most popular among customers all over the world.
Tea is a widely consumed beverage around the world, and
people have been drinking it for centuries because of its health advantages.
Tea is high in antioxidants and includes healthful bioactive chemicals that
lessen the risk of heart disease, promote weight loss, and protect against
cancer. While a cup of tea has various health benefits, excessive tea
consumption has certain negative side effects. Excessive intake of green tea,
according to the University of Maryland Medical Centre, increases the risk of
lung cancer, colorectal cancer, and oesophageal cancer.
Key Players:
Associated British Foods Plc., Barry's Tea Limited, Hain
Celestial Group, Inc., ITO EN, Ltd., McLeod Russel, Nestlé S.A., Taetea Group,
Tata Global drinks, The Republic of Tea, Inc., and Unilever Group are some of
the main Key
Tea Market Companies participants.
Market Segmentations
The tea market is divided into types, packaging,
distribution channels, and applications.
By type- green tea, black tea, oolong tea, fruit/herbal tea,
and others are the diverse types of tea available. In 2018, black tea was the
most profitable segment, and it is predicted to continue to be so throughout
the forecast year.
By packaging- The market has been divided into paper boards,
plastic containers, loose tea, aluminium tins, tea bags, and other categories
based on packaging. Currently, the market is dominated by paper boards.
In terms of distribution- The market is divided into
supermarkets/hypermarkets, specialty retailers, convenience stores, online, and
others.
By application- The market has been divided into residential
and commercial segments based on application. The household sector currently
consumes most of the tea produced. In 2019, the most significant segment in the
tea market was the supermarket/hypermarket, which accounted for the most share.
Regional classifications:
The Global Tea Industry
is divided into four regions: North America, Europe, Asia Pacific, and the
Middle East and Africa.
The most important regional markets are Asia-Pacific and
Europe.
Asia-Pacific has the greatest market for tea consumption.
With substantial economic growth in several developing countries such as China
and India. Green tea exports from China have been steadily increasing as global
consumption has increased.
After China, India is the world's second-largest tea
producer. The industry in India is dominated by North India, which accounts for
more than three-quarters of the total. Assam and West Bengal are the two states
that produce the most tea in the country. India is one of the world's top five
tea exporters, accounting for around 10% of global exports. Tea exports from
India were valued at USD 692.1 million in 2020. Indian teas such as Assam,
Darjeeling, and Nilgiri are regarded as among the best in the world.
Due to increased demand for the product, which aids in
weight management, the United States is expected to boost its North American
herbal tea market throughout the forecast period.
Industry News:
Tata introduced Tulsi green and Gold Care, a new tea
product, in January 2021.
Honest Tea, an organic tea brand, expanded its line by
introducing Honest Yerba Mate, a caffeinated ready-to-drink bottled beverage,
in April 2021.
Dwayne Johnson and his partners unveiled the ZOA energy
drink in January 2021, which contains 160 mg of green tea and unroasted green
coffee extracts.
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Market Research Report Information By Type (Spices, Sauces &
Ketchup, Dressings, and Others), By Packaging Type (Bottles, Pouches &
Sachets, and Others), By Distribution Channel (Store-Based and
Non-Store-Based), and By Region (Europe, North America, Asia-Pacific, And Rest
Of The World) –Market Forecast Till 2030.
Globaler
Marktforschungsbericht für Bio-Säuglingsnahrung: Informationen nach
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Prognose bis 2030
プロバイオティクス市場：種類（ビフィズス菌、乳酸菌など）、用途（機能性食品および飲料、栄養補助食品、動物栄養など）および地域（北米、ヨーロッパ、アジア太平洋、南米、中東、アフリカ）別の情報-2027年までの予測
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