Global Tea Market size was valued at US$ 58.8 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 6.6% through 2021 to 2027, reaching nearly US$ 91.95 Bn. To know about the Research Methodology :- Request Free Sample Report
Global Tea Market Overview:The Global Tea market was valued at US $58.8 Bn. in 2020, and it is expected to reach US $91.95 Bn. by 2027 with a CAGR of 6.6% during the forecast period. Tea is a pleasant beverage made from the Camellia Sinensis plant. It is one among the world's most popular beverages. The most popular teas are black and green teas, with herbal tea gaining popularity. Tea is considered a healthy beverage since it contains a variety of powerful antioxidants as well as minerals including potassium, manganese, magnesium, and calcium. Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.
Global Tea Market Dynamics:Due to the presence of tea culture in the emerging market, tea has become extremely popular. Furthermore, rising health consciousness and disposable income have supported the tea market's growth. Other factors driving the market's growth include the introduction of additional beneficial components in tea by various market players. The major restraints for this market are a rise in the trend of coffee consumption and changing raw material prices caused by unexpected weather circumstances. On the contrary, the tea market is expected to grow as demand for herbal tea increases and new flavours and varieties of tea are introduced. The growing popularity of organic tea is expected to boost the tea market's growth. To attract more customers, manufacturers invest in R&D to improve the quality and flavour of their products. For example, Green Hills created Rum and Honey Flavored Herbal Tea to attract to those seeking low-sugar beverages. The product is alcohol-free but contains licorice, apple, cinnamon, and star anise, which give it an alcoholic flavour. Teas such as black, green, and herbal teas are the most popular among customers all over the world. Green tea is becoming more popular among pregnant women, health-conscious adults, and the aged due to its antioxidant benefits. Oolong tea is a blend of black and green teas that has been shown to help prevent high blood cholesterol and type 2 diabetes. In China and Japan, the product is extremely popular. Green and herbal teas, such as chamomile and jasmine, are also extensively utilized as a treatment for blemish-free skin and good hair, driving up demand for the product. These are the key factor that drives the growth of the global market during the forecast period.
Global Tea Market Segment Analysis:The Global Tea Market is segmented by Product, and Applications. Based on the Product, the market is segmented into Black, Green, Oolong, and Herbal. Black Tea segment is expected to hold the largest market shares of 42.5% by 2027. This is due to an increase in the number of tea drinkers around the world. Black tea is also popular among health enthusiasts due to its high concentration of antioxidants and polyphenols. Vitamin C, zinc, iron, magnesium, copper, manganese, potassium, fluoride, and calcium are all present in black tea extract. In comparison to green tea, black tea extract contains more antioxidants and is anti-allergic, anti-viral, and anti-spasmodic. The size of the black tea extract market has been positively influenced by rising demand for herbal treatments. During the forecast period, functional foods containing botanical ingredients can see a significant increase in consumption. The conventional auction system, which was established during colonial rule to ensure a steady supply of black tea for British, Dutch, and North American consumers, is now entirely focused on black tea. Industrial black tea production began in India, Sri Lanka, East Africa, and Indonesia about 150 years ago, primarily for export. These are the key benefit that drives the growth of the black tea segment in the global market during the forecast period 2021-2027. Green Tea segment is expected to grow rapidly at a CAGR of 9.8% during the forecast period. This can be attributed to an increase in health and fitness awareness, as well as an increase in the number of educated tea drinkers. Furthermore, the frequency of direct-to-consumer advertising and celebrity endorsements is increasing, which helps this segment of the tea market flourish. There's the vast globe of green teas, which are grown and eaten by traditional tea-producing countries such as China, Vietnam, Japan, and Korea, which have been growing tea for generations as their people's legacy cups. There are no auction platforms in China, which is commonly regarded as the origin of tea cultivation, and no agreed-upon grading and quality standards. These are the major key factor that drives the growth of the green tea segment in the global market during the forecast period. Based on the Applications, the market is segmented into Supermarkets and Hypermarkets, Specialty Stores, and Online. Online distribution channel segment is expected to grow rapidly at a CAGR of 5.9% during the forecast period. The advent of online apps, together with the availability of discounts and quick product delivery, has a favourable impact on the market's supply chain. For example, retailers like Walmart and Big Basket, among others, provide a diverse selection of flavoured teas with both online and offline delivery options. These are the key factor that drives the growth of this segment in the global market during the forecast period.
Global Tea Market Regional Insights:Asia Pacific and Europe dominates the global Tea market during the forecast period 2021-2027. Asia Pacific and Europe are expected to hold the largest market shares of xx% and xx% by 2027. This can be due to the region's high tea consumption and production. Due to the prevalence of tea culture, China is expected to grow at the highest CAGR during the forecast period. These are the key major factor that drives the growth of the Asia Pacific and Europe regions in the global market during the forecast period 2021-2027. North America is expected to grow rapidly at a CAGR of 6.0% during the forecast period. Easy availability of products from companies such as Twinings, Numi Organic Tea, and Tata Global Beverages, among others, is expected to boost regional market growth during the forecast period. Leading Indian companies like Tata Global Beverages and Apeejay Surrendra Group make a wide range of products for high-end clients in India and around the world. Teabox, an Indian speciality store, has launched an exclusive line of tea made entirely of organic and natural ingredients and kept cold to preserve the product's aroma and freshness. As a result, some products are more expensive than standard products. Middle East and Africa (MEA) is expected to grow rapidly at a CAGR of 7.3% during the forecast period. Turkey and Iran, for example, are two of the world's largest consumers. Rising per capita income, more awareness of product benefits and changing food and beverage habits are all expected to contribute to the industry's growth. These are the key factors that boost the growth of the Middle East and Africa (MEA) region in the global market during the forecast period 2021-2027. The objective of the report is to present a comprehensive analysis of the Global Tea Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Global Tea Market dynamic, structure by analyzing the market segments and project the Global Tea Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tea Market make the report investor’s guide.
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Global Tea Market, by Region• North America • Europe • Asia Pacific • South America • Middle East and Africa
Global Tea Market Key Players• TATA GLOBAL BEVERAGES LIMITED • UNILEVER PLC • ASSOCIATED BRITISH FOODS PLC • BARRY’S TEA • APEEJAY SURRENDRA GROUP • BETTYS & TAYLORS GROUP LTD. • MCLEOD RUSSEL INDIA LTD • ITO EN, LTD • DAVIDS TEA INC. • TEA FORTÉ INC. • Barry's Tea • R Twining and Company Limited • Hain Celestial Group Inc. • Nestle SA • Orientis Group (Kusmi Tea) • The Republic of Tea • Tazo Tea Company • Numi Inc. • Apeejay Surrendra Group • Mighty Leaf Tea Company • Bettys & Taylors Group Ltd. • cLeod Russel Frequently Asked Questions: 1] What segments are covered in Tea Market report? Ans. The segments covered in Tea Market report are based on Product, and Applications. 2] Which region is expected to hold the highest share in the Global Tea Market? Ans. Asia Pacific and Europe are expected to hold the highest share in the Global Tea Market. 3] Who are the top key players in the Global Tea Market? Ans. TATA GLOBAL BEVERAGES LIMITED, UNILEVER PLC, ASSOCIATED BRITISH FOODS PLC, BARRY’S TEA, and APEEJAY SURRENDRA GROUP are the top key players in the Global Tea Market. 4] Which segment holds the largest market share in the Global Tea market by 2027? Ans. Black Tea segment hold the largest market share in the Global Tea market by 2027. 5] What is the market size of the Global Tea market by 2027? Ans. The market size of the Global Tea market is US $91.95 Bn. by 2027. 6] What was the market size of the Global Tea market in 2020? Ans. The market size of the Global Tea market was worth US $58.8 Bn. in 2020.
Global Tea Market1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 184.108.40.206. Secondary data 220.127.116.11. Secondary Sources 2.3.2. Primary Research 18.104.22.168. Data from Primary Sources 22.214.171.124. Breakdown of Primary Sources 3. Executive Summary: Global Tea MarketSize, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Tea MarketAnalysis and Forecast 7. Global Tea MarketAnalysis and Forecast, by Product 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Tea MarketValue Share Analysis, by Product 7.4. Global Tea MarketSize (US$ Mn) Forecast, by Product 7.5. Global Tea MarketAnalysis, by Product 8. Global Tea MarketAnalysis and Forecast, by Distribution Channel 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Tea Market Value Share Analysis, by Distribution Channel 8.4. Global Tea MarketSize (US$ Mn) Forecast, by Distribution Channel 8.5. Global Tea Market Analysis, by Distribution Channel 8.6. Global Tea Market Attractiveness Analysis, by Application 9. Global Tea MarketAnalysis and Forecast, by Region 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Tea MarketValue Share Analysis, by Region 9.4. Global Tea MarketSize (US$ Mn) Forecast, by Region 9.5. Global Tea MarketAnalysis, by Region 10. Global Tea Market Analysis 10.1. Key Findings 10.2. Global Tea MarketOverview 10.3. Global Tea Market Forecast, by Product 10.3.1. Black 10.3.2. Green 10.3.3. Oolong 10.3.4. Herbal 10.4. Global Tea MarketForecast, by Distribution Channel 10.4.1. Supermarkets & Hypermarkets 10.4.2. Specialty Stores 10.4.3. Online 10.5. Global Tea MarketForecast, by Region 10.5.1. North America 10.5.2. Europe 10.5.3. Asia-Pacific 10.5.4. MEA & Africa 10.5.5. Latin America 10.6. PEST Analysis 10.7. Key Trends 10.8. Key Developments 11. North-America Tea MarketAnalysis 11.1. Key Findings 11.2. North AmericaTea Market Forecast, by Product 11.2.1. Black 11.2.2. Green 11.2.3. Oolong 11.2.4. Herbal 11.3. North America Tea MarketForecast, by Distribution Channel 11.3.1. Supermarkets & Hypermarkets 11.3.2. Specialty Stores 11.3.3. Online 11.4. North-AmericaTea MarketForecast, by Country 11.4.1. US 11.4.2. Canada 11.5. US Tea Market Forecast, by Product 11.5.1. Black 11.5.2. Green 11.5.3. Oolong 11.5.4. Herbal 11.6. US Tea MarketForecast, by Distribution Channel 11.6.1. Supermarkets & Hypermarkets 11.6.2. Specialty Stores 11.6.3. Online 11.7. Canada Tea Market Forecast, by Product 11.7.1. Black 11.7.2. Green 11.7.3. Oolong 11.7.4. Herbal 11.8. Canada Tea MarketForecast, by Distribution Channel 11.8.1. Supermarkets & Hypermarkets 11.8.2. Specialty Stores 11.8.3. Online 11.9. PEST Analysis 11.10. Key Trends 11.11. Key Developments 12. Europe Tea MarketAnalysis 12.1. Key Findings 12.2. Europe Tea MarketOverview 12.3. Europe Tea Market Forecast, by Product 12.3.1. Black 12.3.2. Green 12.3.3. Oolong 12.3.4. Herbal 12.4. Europe Tea MarketForecast, by Distribution Channel 12.4.1. Supermarkets & Hypermarkets 12.4.2. Specialty Stores 12.4.3. Online 12.5. EuropeTea MarketForecast, by Country 12.5.1. UK 12.5.2. France 12.5.3. Germany 12.5.4. Russia 12.5.5. Italy 12.5.6. Rest of Europe 12.6. UK Tea Market Forecast, by Product 12.6.1. Black 12.6.2. Green 12.6.3. Oolong 12.6.4. Herbal 12.7. UK Tea MarketForecast, by Distribution Channel 12.7.1. Supermarkets & Hypermarkets 12.7.2. Specialty Stores 12.7.3. Online 12.8. France Tea Market Forecast, by Product 12.8.1. Black 12.8.2. Green 12.8.3. Oolong 12.8.4. Herbal 12.9. France Tea MarketForecast, by Distribution Channel 12.9.1. Supermarkets & Hypermarkets 12.9.2. Specialty Stores 12.9.3. Online 12.10. Germany Tea Market Forecast, by Product 12.10.1. Black 12.10.2. Green 12.10.3. Oolong 12.10.4. Herbal 12.11. Germany Tea MarketForecast, by Distribution Channel 12.11.1. Supermarkets & Hypermarkets 12.11.2. Specialty Stores 12.11.3. Online 12.12. Russia Tea Market Forecast, by Product 12.12.1. Black 12.12.2. Green 12.12.3. Oolong 12.12.4. Herbal 12.13. Russia Tea MarketForecast, by Distribution Channel 12.13.1. Supermarkets & Hypermarkets 12.13.2. Specialty Stores 12.13.3. Online 12.14. Rest of Europe Tea Market Forecast, by Product 12.14.1. Black 12.14.2. Green 12.14.3. Oolong 12.14.4. Herbal 12.15. Rest of Europe Tea MarketForecast, by Distribution Channel 12.15.1. Supermarkets & Hypermarkets 12.15.2. Specialty Stores 12.15.3. Online 12.16. PEST Analysis 12.17. Key Trends 12.18. Key Developments 13. Asia-Pacific Tea MarketAnalysis 13.1. Key Findings 13.2. Asia-Pacific Tea MarketOverview 13.3. Asia-Pacific Tea Market Forecast, by Product 13.3.1. Black 13.3.2. Green 13.3.3. Oolong 13.3.4. Herbal 13.4. Asia-Pacific Tea MarketForecast, by Distribution Channel 13.4.1. Supermarkets & Hypermarkets 13.4.2. Specialty Stores 13.4.3. Online 13.5. Asia-Pacific Tea MarketForecast, by Country 13.5.1. China 13.5.2. India 13.5.3. Japan 13.5.4. Malaysia 13.5.5. Indonesia 13.5.6. Rest of Asia-Pacific 13.6. China Tea Market Forecast, by Product 13.6.1. Black 13.6.2. Green 13.6.3. Oolong 13.6.4. Herbal 13.7. China Tea MarketForecast, by Distribution Channel 13.7.1. Supermarkets & Hypermarkets 13.7.2. Specialty Stores 13.7.3. Online 13.8. India Tea Market Forecast, by Product 13.8.1. Black 13.8.2. Green 13.8.3. Oolong 13.8.4. Herbal 13.9. India Tea MarketForecast, by Distribution Channel 13.9.1. Supermarkets & Hypermarkets 13.9.2. Specialty Stores 13.9.3. Online 13.10. Japan Tea Market Forecast, by Product 13.10.1. Black 13.10.2. Green 13.10.3. Oolong 13.10.4. Herbal 13.11. Japan Tea MarketForecast, by Distribution Channel 13.11.1. Supermarkets & Hypermarkets 13.11.2. Specialty Stores 13.11.3. Online 13.12. ASEAN Tea Market Forecast, by Product 13.12.1. Black 13.12.2. Green 13.12.3. Oolong 13.12.4. Herbal 13.13. ASEAN Tea MarketForecast, by Distribution Channel 13.13.1. Supermarkets & Hypermarkets 13.13.2. Specialty Stores 13.13.3. Online 13.14. Rest of APAC Tea Market Forecast, by Product 13.14.1. Black 13.14.2. Green 13.14.3. Oolong 13.14.4. Herbal 13.15. Rest of APAC Tea MarketForecast, by Distribution Channel 13.15.1. Supermarkets & Hypermarkets 13.15.2. Specialty Stores 13.15.3. Online 13.16. Beverages PEST Analysis 13.17. Key Trends 13.18. Key Developments 14. MEA & Africa Tea MarketAnalysis 14.1. Key Findings 14.2. MEA &Africa Tea MarketOverview 14.3. MEA &Africa Tea Market Forecast, by Product 14.3.1. Black 14.3.2. Green 14.3.3. Oolong 14.3.4. Herbal 14.4. MEA &Africa Tea MarketForecast, by Distribution Channel 14.4.1. Supermarkets & Hypermarkets 14.4.2. Specialty Stores 14.4.3. Online 14.5. MEA &Africa Tea MarketForecast, by Country 14.5.1. GCC 14.5.2. South Africa 14.5.3. Rest of MEA & Africa 14.6. GCC Tea Market Forecast, by Product 14.6.1. Black 14.6.2. Green 14.6.3. Oolong 14.6.4. Herbal 14.7. GCC Tea MarketForecast, by Distribution Channel 14.7.1. Supermarkets & Hypermarkets 14.7.2. Specialty Stores 14.7.3. Online 14.8. South Africa Tea Market Forecast, by Product 14.8.1. Black 14.8.2. Green 14.8.3. Oolong 14.8.4. Herbal 14.9. South Africa Tea MarketForecast, by Distribution Channel 14.9.1. Supermarkets & Hypermarkets 14.9.2. Specialty Stores 14.9.3. Online 14.10. Rest of MEA &Africa Tea Market Forecast, by Product 14.10.1. Black 14.10.2. Green 14.10.3. Oolong 14.10.4. Herbal 14.11. Rest of MEA &Africa Tea MarketForecast, by Distribution Channel 14.11.1. Supermarkets & Hypermarkets 14.11.2. Specialty Stores 14.11.3. Online 14.12. PEST Analysis 14.13. Key Trends 14.14. Key Developments 15. Latin AmericaTea MarketAnalysis 15.1. Key Findings 15.2. Latin AmericaTea MarketOverview 15.3. Latin America Tea Market Forecast, by Product 15.3.1. Black 15.3.2. Green 15.3.3. Oolong 15.3.4. Herbal 15.4. Latin America Tea MarketForecast, by Distribution Channel 15.4.1. Supermarkets & Hypermarkets 15.4.2. Specialty Stores 15.4.3. Online 15.5. Latin AmericaTea MarketForecast, by Country 15.5.1. Mexico 15.5.2. Brazil 15.5.3. Rest of Latin America 15.6. Mexico Tea Market Forecast, by Product 15.6.1. Black 15.6.2. Green 15.6.3. Oolong 15.6.4. Herbal 15.7. Mexico Tea MarketForecast, by Distribution Channel 15.7.1. Supermarkets & Hypermarkets 15.7.2. Specialty Stores 15.7.3. Online 15.8. Brazil Tea Market Forecast, by Product 15.8.1. Black 15.8.2. Green 15.8.3. Oolong 15.8.4. Herbal 15.9. Brazil Tea MarketForecast, by Distribution Channel 15.9.1. Supermarkets & Hypermarkets 15.9.2. Specialty Stores 15.9.3. Online 15.10. Rest of LA Tea Market Forecast, by Product 15.10.1. Black 15.10.2. Green 15.10.3. Oolong 15.10.4. Herbal 15.11. Rest of LA Tea MarketForecast, by Distribution Channel 15.11.1. Supermarkets & Hypermarkets 15.11.2. Specialty Stores 15.11.3. Online 15.12. PEST Analysis 15.13. Key Trends 15.14. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Market Share Analysis, by Region 16.3. Market Share Analysis, by Country 16.4. Competition Matrix 16.4.1. Competitive Benchmarking of key players by price, presence, market share, Raw materialand R&D investment 16.4.2. New Raw materialLaunches and Raw materialEnhancements 126.96.36.199. Market Consolidation 188.8.131.52. M&A by Regions, Investment and Raw material 184.108.40.206. M&A Key Players, Forward Integration and Backward Integration 16.5. Company Profiles: Key Players 16.5.1. TATA GLOBAL BEVERAGES LIMITED 16.5.2. UNILEVER PLC 16.5.3. SSOCIATED BRITISH FOODS PLC 16.5.4. BARRY’S TEA 16.5.5. APEEJAY SURRENDRA GROUP 16.5.6. BETTYS & TAYLORS GROUP LTD. 16.5.7. MCLEOD RUSSEL INDIA LTD 16.5.8. ITO EN, LTD 16.5.9. DAVIDS TEA INC. 16.5.10. TEA FORTÉ INC. 16.5.11.R Twining and Company Limited 16.5.12.Hain Celestial Group Inc 16.5.13.Nestle SA 16.5.14.Orientis Group (Kusmi Tea) 16.5.15.The Republic of Tea 16.5.16.Tazo Tea Company 16.5.17.Numi Inc. 16.5.18.Apeejay Surrendra Group 16.5.19.Mighty Leaf Tea Company 16.5.20.Bettys & Taylors Group Ltd. 16.5.21.cLeod Russel