Tea Market 2015 - 2025 report delivers future development strategies, key
companies, Possibility of competition, major challenges analysis. The reports
elaborate the expansion rate of the Tea market supported the highest
company profile analysis. This report providing an in-depth analysis, market
size, and evaluation for the developing segment among the Tea market. Tea
Market report will help you take expert decisions, recognize opportunities,
plan effective professional tactics, plan new schemes, analyze drivers and
restraints and give you a vision on the Tea Market forecast.
The scope of the global Tea Market was appreciated at US$ 12.63
billion in 2018. The range is projected to touch US$ 18.42 billion by 2025,
growing at a CAGR of 5.5% for the duration of the forecast.
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Key Questions Answered
·
What are the sales or revenue produced
by Tea products beyond all sectors during the forecast period?
·
What are the key trends in the Tea
market?
·
What are the leading drivers, limitations,
and probabilities in the industry?
·
Which segment will gain the
highest revenue worldwide and which product segment will expand at the fastest
CAGR during the forecast period?
·
In which region the Tea
market to project lucrative CAGR during the forecast period?
This could be attributed to awareness
regarding health benefits pertaining to tea consumption. As such, majority of
global population has started making tea intake as a routine. Besides, growing
urbanized population and middle class of several developing economies is
impacting the consumption of tea in its various forms.
Market Scope:
Tea production as well as consumption
have always held a strong correlation. In other words, tea production is
directly proportional to tea consumption. FAO (Food and Agricultural
Organization of the United Nations) states that production of tea did witness a
yearly rise of 4.4% from 2007 to 2016. Tea consumption also witnessed rise
along the same lines. The same trend is expected to continue in the next 5-7
years as well.
Market Trends:
The ever-increasing usage of tea is
likely to bring premium products to the market. For instance – in economies
like the U.S., super-premium and premium products hold the largest market
share. Even in the Europe consumers are opting for niche and luxurious flavors
in form of customized offerings. Nutritionists are focusing on consumption of
tea due to contents like phytochemicals, flavonoids, and anti-oxidants.
Regional Insights:
Germany comes across as one of the
highest importer of tea. Moreover, these imports come from Asian economies like
Sri Lanka, India, China, and African economies like Kenya. As of now, black tea
rules the roost; but introduction of iced teas is expected to catalyze the
market in future. On the other hand, green tea is also catching up. Its exports
will also set the market rolling. Asia Pacific would be the torchbearer as far
as green tea exports are concerned. The benefits of green tea include boosting
immune system and assistance in weight loss.
Market Segmentation:
The global tea market is segmented based
on type, packaging, distribution channel, application, and geography. By type,
the segmentation goes like black tea, green tea, oolong tea, fruit/herbal tea,
and others (dark tea, yellow tea, and white tea). By packaging, the market says
loose tea (pouches & packets), plastic containers, paper boards, aluminum
tin, and tea bags. By distribution channel, the tea industry spans online
stores, convenience stores, specialty stores, supermarkets/hypermarkets, and
others. By application, the same market states commercial and residential.
By geography, the segmentation says
North America (Mexico, Canada, U.S.), Europe (Germany, UK, France, Spain,
Italy, Russia, and the Rest of Europe), Asia Pacific (India, China, Korea,
Japan, Australia, and the Rest of Asia Pacific), and LAMEA (South Africa, KSA,
Egypt, Turkey, Brazil, and the Rest of LAMEA).
Players:
The players contributing to the
tea market include Unilever, Tata Global beverages, Bettys & Taylors Group
Ltd., ITO EN Inc., McLeod Russel, Apeejay surrendra Group, Barry’s tea, Associated
British Foods Plc., Teavana, Godrej Group, Tim Hortons, DavidsTea, Celestial
Seasonings, Inc., Harney and Sons, Tazo Tea Company, Numi Organic Tea, and
Mighty Leaf Tea Company. They are focusing on organic mode of expansion to
withstand the cutthroat competition.
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