Tea Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Tea Market by Product Type (Fruit/Herbal Tea, Black Tea, Green Tea, Instant Tea, and Others), By Packaging (Loose Tea, Tea Bags, Aluminum Tin, Plastic Containers, and Paper Boards), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Stores, and Others), and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific)

 

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Report

Description

Global tea market was valued at USD 20 billion in 2020 and projected to reach USD 26.6 billion by 2027 growing at a CAGR of 4.90% during the forecast period 2021 to 2027. Tea is an aromatic beverage which is usually prepared by infusing the dried crushed leaves of the tea plant in boiling water. Various types of tea available in various tastes and flavors. It is one of the frequently consumed beverage all across the world. It has flavonoids, antioxidants, and phytochemicals, which enhance the functioning of human body. Tea manufacturers have been able to introduce premium and health-oriented goods as consumers’ disposable incomes have increased. They’ve begun incorporating a variety of healthy ingredients into their organic tea blends in order to address some of the most frequent health issues, such as diabetes, beauty, obesity, and heart health. As a result, a shift toward the consumption of organic tea is a growing trend that is positively impacting the tea market growth. Tea is a low-cost beverage that is enjoyed by people of all socioeconomic backgrounds. Tea’s popularity in developing countries such as India and China has been boosted by the fact that it is affordable to the general public, with the majority of people belonging to low-income groups. Tea’s out-of-home industry has been growing in recent years, with a slew of tea lounges springing up all over the world. These lounges provide customers with a range of chosen teas from various areas, among other things.

Tea Market

MARKET SUMMARY
-
4.9% CAGR
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 4.9%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Tea Market

  • The report on global Tea Market gives historical, current, and future market sizes (US$ Bn) on the basis of product type, packaging, distribution channel and geography.
  • Tea Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Nestlé S.A (Switzerland)
  • The Republic of Tea (U.S)
  • DavidsTea (Canada)
  • Akbar Brothers Ltd (Sri Lanka)
  • Associated British Foods (UK)
Dynamics

Tea Market

Increase in the consumer-base is the major factor influencing the growth of the market. Growing awareness among the people regarding the health benefits associated with the consumption of tea is anticipated to drive the growth of the market. The introduction of various flavors such as mint flavor, chocolate flavor, lemon flavor etc. is attributed for the growth of the market. The advent of instant or ready-to-drink tea, which is adding fuel for the growth of the market. However, the high cost of the raw materials and increasing cost of the agriculture inputs may hinder the growth of the market.


Asia-Pacific got significant share

Tea Market

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia PacificTea market to keep the top spot in the global tea market. China contributes the largest share in the region of Asia Pacific. Owing to the presence of higher consumer-base, China tea market tops the position in Asia Pacific region. In China tea is also used as medical drink due to the presence of various herbal properties. The herbal tea in China is typically black or dark brown in color. North America follows the Asia Pacific market. Bottled tea accounted as the fastest growing tea format in the region of North America. The Europe tea market is expected to grow at a significant rate over the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenari0

Tea Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

  1. Executive Summary
  2. Global Tea Market Introduction
    • Global Tea Market – Taxonomy
    • Global Tea Market –Definitions
      • Product Type
      • Packaging
      • Distribution Channel
  1. Global Tea Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Tea Market Dynamic Factors – Impact Analysis
    • Global Tea Market – Competition Landscape
    • Epidemiology
  2. Global Tea Market Analysis,2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  3. Global Tea Market, By Product Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Fruit/Herbal Tea
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Black Tea
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Green Tea
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Instant Tea
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Tea Market Forecast, By Packaging,2015 – 2019 and Forecast, 2020 – 2026
    • Loose Tea
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Tea Bags
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Aluminum Tin
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Plastic Containers
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Paper Boards
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Tea Market Forecast, By Distribution Channel, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Supermarkets/Hypermarkets
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Convenience Stores
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Online Stores
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Tea Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Tea Market – Opportunity Analysis Index, By Product Type, By Packaging, By Distribution Channel and Region, 2020 – 2026
  2. North America Tea MarketAnalysis,2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Fruit/Herbal Tea
      • Black Tea
      • Green Tea
      • Instant Tea
      • Others
    • Packaging Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Loose Tea
      • Tea Bags
      • Aluminum Tin
      • Plastic Containers
      • Paper Boards
    • Distribution Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Supermarkets/Hypermarkets
      • Convenience Stores
      • Online Stores
      • Others
    • Country Analysis 2016 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Tea Market – Opportunity Analysis Index, By Product Type, By Packaging, By Distribution Channel and Country, 2020 – 2026
    • North America Tea Market Dynamics – Trends
  3. Europe Tea Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Fruit/Herbal Tea
      • Black Tea
      • Green Tea
      • Instant Tea
      • Others
    • Packaging Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Loose Tea
      • Tea Bags
      • Aluminum Tin
      • Plastic Containers
      • Paper Boards
    • Distribution Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Supermarkets/Hypermarkets
      • Convenience Stores
      • Online Stores
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Tea Market – Opportunity Analysis Index, By Product Type, By Packaging, By Distribution Channel and Country,2020 – 2026
    • Europe Tea Market Dynamics – Trends
  4. Asia-Pacific Tea Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Fruit/Herbal Tea
      • Black Tea
      • Green Tea
      • Instant Tea
      • Others
    • Packaging Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Loose Tea
      • Tea Bags
      • Aluminum Tin
      • Plastic Containers
      • Paper Boards
    • Distribution Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Supermarkets/Hypermarkets
      • Convenience Stores
      • Online Stores
      • Others
    • Country Analysis2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Tea Market – Opportunity Analysis Index, By Product Type, By Packaging, By Distribution Channel and Country,2020 – 2026
    • Asia-Pacific Tea Market Dynamics – Trends
  5. Latin America Tea Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Fruit/Herbal Tea
      • Black Tea
      • Green Tea
      • Instant Tea
      • Others
    • Packaging Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Loose Tea
      • Tea Bags
      • Aluminum Tin
      • Plastic Containers
      • Paper Boards
    • Distribution Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Supermarkets/Hypermarkets
      • Convenience Stores
      • Online Stores
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Tea Market – Opportunity Analysis Index, By Product Type, By Packaging, By Distribution Channel and Country,2020 – 2026
    • Latin America Tea Market Dynamics – Trends
  6. Middle East and Africa Tea Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Fruit/Herbal Tea
      • Black Tea
      • Green Tea
      • Instant Tea
      • Others
    • Packaging Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Loose Tea
      • Tea Bags
      • Aluminum Tin
      • Plastic Containers
      • Paper Boards
    • Distribution Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Supermarkets/Hypermarkets
      • Convenience Stores
      • Online Stores
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Tea Market – Opportunity Analysis Index, By Product Type, By Packaging, By Distribution Channel and Country,2020 – 2026
    • MEA Tea Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Nestlé S.A (Switzerland)
      • The Republic of Tea (U.S)
      • DavidsTea (Canada)
      • Akbar Brothers Ltd (Sri Lanka)
      • Associated British Foods (UK)
      • Unilever (Netherlands)
      • Starbucks Corporation (US)
      • WISSOTZKY TEA (Russia)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Nestlé S.A (Switzerland)
  • The Republic of Tea (U.S)
  • DavidsTea (Canada)
  • Akbar Brothers Ltd (Sri Lanka)
  • Associated British Foods (UK)
  • Unilever (Netherlands)
  • Starbucks Corporation (US)
  • WISSOTZKY TEA (Russia)

Description

Global tea market was valued at USD 20 billion in 2020 and projected to reach USD 26.6 billion by 2027 growing at a CAGR of 4.90% during the forecast period 2021 to 2027. Tea is an aromatic beverage which is usually prepared by infusing the dried crushed leaves of the tea plant in boiling water. Various types of tea available in various tastes and flavors. It is one of the frequently consumed beverage all across the world. It has flavonoids, antioxidants, and phytochemicals, which enhance the functioning of human body. Tea manufacturers have been able to introduce premium and health-oriented goods as consumers’ disposable incomes have increased. They’ve begun incorporating a variety of healthy ingredients into their organic tea blends in order to address some of the most frequent health issues, such as diabetes, beauty, obesity, and heart health. As a result, a shift toward the consumption of organic tea is a growing trend that is positively impacting the tea market growth. Tea is a low-cost beverage that is enjoyed by people of all socioeconomic backgrounds. Tea’s popularity in developing countries such as India and China has been boosted by the fact that it is affordable to the general public, with the majority of people belonging to low-income groups. Tea’s out-of-home industry has been growing in recent years, with a slew of tea lounges springing up all over the world. These lounges provide customers with a range of chosen teas from various areas, among other things.

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