Global Tea Market size was valued at US$ 66.82 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6.6% through 2022 to 2029, reaching nearly US$ 104.52 Bn.Global Tea Market Overview:
The Global Tea market was valued at US $62.68 Bn. in 2022, and it is expected to reach US $104.52 Bn. by 2029 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.To know about the Research Methodology :- Request Free Sample Report
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 Flavoured Herbal Tea to attract to those seeking low-sugar beverages. The product is alcohol-free but contains liquorice, 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 2022-2029. 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 fitness conscious tea consumers. 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 consumed by traditional tea-producing countries such as China, Vietnam, Japan, and Korea, which have been growing tea for many years as a lasting tribute to their people. 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.As per market predictions, Asia Pacific and Europe will have the biggest market shares, at 40% and 30% (U$D 0122.2 Bn.), respectively, by 2029. This simply highlighted the large production and consumption of tea in those regions. 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 2023-2029. 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 Twining’s, 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 2022-2029. 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.
Global Tea Market Regional Insights:
Global Tea Market Scope: Inquire before buying
Global Tea Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 66.82 Bn. Forecast Period 2023 to 2029 CAGR: 6.6% Market Size in 2029: US $ 104.52 Bn. Segments Covered: by Product Black Green Oolong Herbal by Application Residential Commercial by Distribution Channel Supermarkets & Hypermarkets Specialty Stores Online Global Tea Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Tea Market Key Players
1. TATA GLOBAL BEVERAGES LIMITED 2. UNILEVER PLC 3. ASSOCIATED BRITISH FOODS PLC 4. BARRY’S TEA 5. APEEJAY SURRENDRA GROUP 6. BETTYS & TAYLORS GROUP LTD. 7. MCLEOD RUSSEL INDIA LTD 8. ITO EN, LTD 9. DAVIDS TEA INC. 10.TEA FORTÉ INC. 11.Barry's Tea 12.R Twining and Company Limited 13.Hain Celestial Group Inc. 14.Nestle SA 15.Orientis Group (Kusmi Tea) 16.The Republic of Tea 17.Tazo Tea Company 18.Numi Inc. 19.Apeejay Surrendra Group 20.Mighty Leaf Tea Company 21.Bettys & Taylors Group Ltd. 22.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, Distribution Channel 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 2029? Ans. Black Tea segment hold the largest market share in the Global Tea market by 2029. 5] What is the market size of the Global Tea market by 2029? Ans. The market size of the Global Tea market is US $104.52 Bn. by 2029. 6] What was the market size of the Global Tea market in 2022? Ans. The market size of the Global Tea market was worth US $66.82 Bn. in 2022.
1. Tea Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Tea Market: Dynamics 2.1. Key Tea Consumption Trends by Region 2.2. Market Dynamics by Region 2.2.1. Tea Market Drivers 2.2.2. Tea Market Restraints 2.2.3. Tea Market Opportunity 2.2.4. Tea Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Value Chain – Supply Chain Analysis 2.6. Technological Roadmap 2.7. Regulatory Landscape by Region 2.7.1. North America 2.7.2. Europe 2.7.3. Asia Pacific 2.7.4. Middle East and Africa 2.7.4. South America 2.8. Key Opinion Leader Analysis 2.9. The Global Pandemic Impact on Tea Market 2.10. Industry Concentration of Imports by Country 2.11. Industry Concentration of Exports by Country 2.12. Price Trend Analysis 2.13. Future Developments in the Tea Sector 3. Tea Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Tea Market Size and Forecast, by Product (2022-2029) 3.1.1. Black 3.1.2. Green 3.1.3. Oolong 3.1.4. Herbal 3.2. Tea Market Size and Forecast, by Application (2022-2029) 3.2.1. Residential 3.2.2. Commercial 3.3. Tea Market Size and Forecast, by Distribution Channel (2022-2029) 3.3.1. Supermarkets/ Hypermarkets 3.3.2. Specialty Stores 3.3.3. Convenience Stores 3.3.4. Online Stores 3.3.5. Others 3.5. Tea Market Size and Forecast, by Region (2022-2029) 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.4. South America 4. North America Tea Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Tea Market Size and Forecast, by Product (2022-2029) 4.1.1. Black 4.1.2. Green 4.1.3. Oolong 4.1.4. Herbal 4.2. North America Tea Market Size and Forecast, by Application (2022-2029) 4.2.1. Residential 4.2.2. Commercial 4.3. North America Tea Market Size and Forecast, by Distribution Channel (2022-2029) 4.3.1. Supermarkets/ Hypermarkets 4.3.2. Specialty Stores 4.3.3. Convenience Stores 4.3.4. Online Stores 4.3.5. Others 4.4. North America Tea Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States Tea Market Size and Forecast, by Product (2022-2029) 4.4.1.1.1. Black 4.4.1.1.2. Green 4.4.1.1.3. Oolong 4.4.1.1.4. Herbal 4.4.1.2. United States Tea Market Size and Forecast, by Application (2022-2029) 4.4.1.2.1. Residential 4.4.1.2.2. Commercial 4.4.1.3. United States Tea Market Size and Forecast, by Distribution Channel (2022-2029) 4.4.1.3.1. Supermarkets/ Hypermarkets 4.4.1.3.2. Specialty Stores 4.4.1.3.3. Convenience Stores 4.4.1.3.4. Online Stores 4.4.1.3.5. Others 4.4.2. Canada 4.4.2.1. Canada Tea Market Size and Forecast, by Product (2022-2029) 4.4.2.1.1. Black 4.4.2.1.2. Green 4.4.2.1.3. Oolong 4.4.2.1.4. Herbal 4.4.2.2. Canada Tea Market Size and Forecast, by Application (2022-2029) 4.4.2.2.1. Residential 4.4.2.2.2. Commercial 4.4.2.3. Canada Tea Market Size and Forecast, by Distribution Channel (2022-2029) 4.4.2.3.1. Supermarkets/ Hypermarkets 4.4.2.3.2. Specialty Stores 4.4.2.3.3. Convenience Stores 4.4.2.3.4. Online Stores 4.4.2.3.5. Others 4.4.3. Mexico 4.4.3.1. Mexico Tea Market Size and Forecast, by Product (2022-2029) 4.4.3.1.1. Black 4.4.3.1.2. Green 4.4.3.1.3. Oolong 4.4.3.1.4. Herbal 4.4.3.2. Mexico Tea Market Size and Forecast, by Application (2022-2029) 4.4.3.2.1. Residential 4.4.3.2.2. Commercial 4.4.3.3. Mexico Tea Market Size and Forecast, by Distribution Channel (2022-2029) 4.4.3.3.1. Supermarkets/ Hypermarkets 4.4.3.3.2. Specialty Stores 4.4.3.3.3. Convenience Stores 4.4.3.3.4. Online Stores 4.4.3.3.5. Others 5. Europe Tea Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Tea Market Size and Forecast, by Product (2022-2029) 5.2. Europe Tea Market Size and Forecast, by Application (2022-2029) 5.3. Europe Tea Market Size and Forecast, by Distribution Channel (2022-2029) 5.4. Europe Tea Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Tea Market Size and Forecast, by Product (2022-2029) 5.4.1.2. United Kingdom Tea Market Size and Forecast, by Application (2022-2029) 5.4.1.3. United Kingdom Tea Market Size and Forecast, by Distribution Channel(2022-2029) 5.4.2. France 5.4.2.1. France Tea Market Size and Forecast, by Product (2022-2029) 5.4.2.2. France Tea Market Size and Forecast, by Application (2022-2029) 5.4.2.3. France Tea Market Size and Forecast, by Distribution Channel(2022-2029) 5.4.3. Germany 5.4.3.1. Germany Tea Market Size and Forecast, by Product (2022-2029) 5.4.3.2. Germany Tea Market Size and Forecast, by Application (2022-2029) 5.4.3.3. Germany Tea Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.4. Italy 5.4.4.1. Italy Tea Market Size and Forecast, by Product (2022-2029) 5.4.4.2. Italy Tea Market Size and Forecast, by Application (2022-2029) 5.4.4.3. Italy Tea Market Size and Forecast, by Distribution Channel(2022-2029) 5.4.5. Spain 5.4.5.1. Spain Tea Market Size and Forecast, by Product (2022-2029) 5.4.5.2. Spain Tea Market Size and Forecast, by Application (2022-2029) 5.4.5.3. Spain Tea Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden Tea Market Size and Forecast, by Product (2022-2029) 5.4.6.2. Sweden Tea Market Size and Forecast, by Application (2022-2029) 5.4.6.3. Sweden Tea Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.7. Austria 5.4.7.1. Austria Tea Market Size and Forecast, by Product (2022-2029) 5.4.7.2. Austria Tea Market Size and Forecast, by Application (2022-2029) 5.4.7.3. Austria Tea Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Tea Market Size and Forecast, by Product (2022-2029) 5.4.8.2. Rest of Europe Tea Market Size and Forecast, by Application (2022-2029) 5.4.8.3. Rest of Europe Tea Market Size and Forecast, by Distribution Channel (2022-2029) 6. Asia Pacific Tea Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Tea Market Size and Forecast, by Product (2022-2029) 6.2. Asia Pacific Tea Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Tea Market Size and Forecast, by Distribution Channel (2022-2029) 6.4. Asia Pacific Tea Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China Tea Market Size and Forecast, by Product (2022-2029) 6.4.1.2. China Tea Market Size and Forecast, by Application (2022-2029) 6.4.1.3. China Tea Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea Tea Market Size and Forecast, by Product (2022-2029) 6.4.2.2. S Korea Tea Market Size and Forecast, by Application (2022-2029) 6.4.2.3. S Korea Tea Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.3. Japan 6.4.3.1. Japan Tea Market Size and Forecast, by Product (2022-2029) 6.4.3.2. Japan Tea Market Size and Forecast, by Application (2022-2029) 6.4.3.3. Japan Tea Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.4. India 6.4.4.1. India Tea Market Size and Forecast, by Product (2022-2029) 6.4.4.2. India Tea Market Size and Forecast, by Application (2022-2029) 6.4.4.3. India Tea Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.4. Australia 6.4.4.1. Australia Tea Market Size and Forecast, by Product (2022-2029) 6.4.4.2. Australia Tea Market Size and Forecast, by Application (2022-2029) 6.4.4.3. Australia Tea Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia Tea Market Size and Forecast, by Product (2022-2029) 6.4.6.2. Indonesia Tea Market Size and Forecast, by Application (2022-2029) 6.4.6.3. Indonesia Tea Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia Tea Market Size and Forecast, by Product (2022-2029) 6.4.7.2. Malaysia Tea Market Size and Forecast, by Application (2022-2029) 6.4.7.3. Malaysia Tea Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam Tea Market Size and Forecast, by Product (2022-2029) 6.4.8.2. Vietnam Tea Market Size and Forecast, by Application (2022-2029) 6.4.8.3. Vietnam Tea Market Size and Forecast, by Distribution Channel(2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan Tea Market Size and Forecast, by Product (2022-2029) 6.4.9.2. Taiwan Tea Market Size and Forecast, by Application (2022-2029) 6.4.9.3. Taiwan Tea Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Tea Market Size and Forecast, by Product (2022-2029) 6.4.10.2. Rest of Asia Pacific Tea Market Size and Forecast, by Application (2022-2029) 6.4.10.3. Rest of Asia Pacific Tea Market Size and Forecast, by Distribution Channel (2022-2029) 7. Middle East and Africa Tea Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Tea Market Size and Forecast, by Product (2022-2029) 7.2. Middle East and Africa Tea Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Tea Market Size and Forecast, by Distribution Channel (2022-2029) 7.4. Middle East and Africa Tea Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa Tea Market Size and Forecast, by Product (2022-2029) 7.4.1.2. South Africa Tea Market Size and Forecast, by Application (2022-2029) 7.4.1.3. South Africa Tea Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.2. GCC 7.4.2.1. GCC Tea Market Size and Forecast, by Product (2022-2029) 7.4.2.2. GCC Tea Market Size and Forecast, by Application (2022-2029) 7.4.2.3. GCC Tea Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria Tea Market Size and Forecast, by Product (2022-2029) 7.4.3.2. Nigeria Tea Market Size and Forecast, by Application (2022-2029) 7.4.3.3. Nigeria Tea Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Tea Market Size and Forecast, by Product (2022-2029) 7.4.4.2. Rest of ME&A Tea Market Size and Forecast, by Application (2022-2029) 7.4.4.3. Rest of ME&A Tea Market Size and Forecast, by Distribution Channel (2022-2029) 8. South America Tea Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Tea Market Size and Forecast, by Product (2022-2029) 8.2. South America Tea Market Size and Forecast, by Application (2022-2029) 8.3. South America Tea Market Size and Forecast, by Distribution Channel(2022-2029) 8.4. South America Tea Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil Tea Market Size and Forecast, by Product (2022-2029) 8.4.1.2. Brazil Tea Market Size and Forecast, by Application (2022-2029) 8.4.1.3. Brazil Tea Market Size and Forecast, by Distribution Channel (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina Tea Market Size and Forecast, by Product (2022-2029) 8.4.2.2. Argentina Tea Market Size and Forecast, by Application (2022-2029) 8.4.2.3. Argentina Tea Market Size and Forecast, by Distribution Channel (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Tea Market Size and Forecast, by Product (2022-2029) 8.4.3.2. Rest Of South America Tea Market Size and Forecast, by Application (2022-2029) 8.4.3.3. Rest Of South America Tea Market Size and Forecast, by Distribution Channel (2022-2029) 9. Global Tea Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Tea Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Tata Consumer Products Limited 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.10. Recent Developments 10.2.Lipton 10.3. Tetley 10.4. Numi Organic Tea 10.5. The Hain Celestial Group Inc 10.6. Harney & Sons 10.7. Bigelow Tea Company 10.8. The Republic of Tea Inc 10.9. DAVIDsTEA Inc 10.11. Tazo Tea Company 10.12. Apeejay Surrendra 10.13. Mighty Leaf Tea Company 10.14. Brooke Bond 10.15. Teavana 10.16. Associated British Foods plc 10.17. Ekaterra 11. Key Findings 12. Industry Recommendations 13. Tea Market: Research Methodology