Global Tea Market to reach USD 118.77 Bn at a CAGR of 6.6% percent by 2030- Says Maximize Market Research

Global Tea Market to reach USD 118.77 Bn at a CAGR of 6.6% percent by 2030- Says Maximize Market Research

“Tea Market”
The Global Tea Market is witnessing substantial growth driven by the changes in consumer preferences that have a significant impact on the demand for Tea. The Global Tea Market is segmented into Product (Black, Green, Oolong, Herbal) Application (Residential, Commercial) Distribution Channel (Supermarkets & Hypermarkets, Speciality Stores, Online) for a better understanding of the market structure.

Maximize Market Research, a leading Healthcare business consultancy and research firm has published a report on the “Global Tea Market”. The total market opportunity for Global Tea Market was USD 75.93 Bn in 2023 and is expected to grow at a CAGR of 6.6 percent through the forecast period, reaching USD 118.77 Bn by 2030. As per the report, the global Global Tea Market is expected to be dominated by the North American and European regions to grow at a significant growth rate through the forecast period.

Global Tea Market Report Scope and Research Methodology

Market Size in 2023: USD 75.93 Billion

Market Size in 2030: USD 118.77 Billion

CAGR: 6.6 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 215

No. of Tables: 138

No. of Charts and Figures: 194

Segment Covered: By Product, Application, distribution channel.

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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 Global Tea Market Scope and Research Methodology

The Global Tea Market analysis takes a deep dive into market structure and competition using bottom-up methodology to calculate the size and growth of the industry. Key findings include regional and global market drivers, obstacles to future growth and opportunities resulting from technological innovation. Regional analysis provides insights on market leaders, market penetration and demographic impacts on the market. By segmenting the market based on product, Application and Distribution Channel you can gain a better understanding of target market, and producers and develop customised advertising campaigns. Competition matrix provides insights on competition in the global tea market, including market leaders as well as new entrants. The report provides a detailed summary of each company with including the revenue, financial status, technology progress, recent changes, mergers, partnerships, collaborations, and marketing strategies.

Global Tea Market Overview

The Global Tea Market is vast and diverse, encompassing various types such as black, green, oolong, white, and herbal teas. People buy tea because its healthy, natural, and part of their culture. Trends such as fancy teas, flavoured teas, and making tea in a sustainable way are becoming more popular and shaping how the tea market grows. Asia-Pacific dominates the tea market with countries like china and india. Additional Major players includes Kenya, Srilanka, Africa, Europe and North America.           

Global Tea Market Dynamics

The worldwide Global tea market is driven by the increasing recognition by consumers that tea helps maintain good health. Tea, particularly the new and natural one, has been found to be healthier than sweet beverages such as soda. Tea has lots of antioxidants and confers a number of health benefits like prevention against Cardiovascular diseases, aiding in weight management and preventing chronic diseases. Global Tea Market is expected to grow in customer demand as a wholesome herbal product thanks to increasing global attention to issues of health and productivity of personal life activities so it is essential for everyone who wants to be strong. Tea producers and businesses had been spurring creativity and visually varying their product offerings aimed at serving the demands of a wide variety of consumers. These include introduction of flavored teas, strong brews, and functional teas such as detox teas and those boosting energy.

Global Tea Market Regional Insights

An investigation of the global tea market hinges mainly on its regional presence across North America, Europe, Asia Pacific, the Middle East and Africa as well as Latin America in The global tea market is primarily focused on Asia-Pacific region, particularly China and India These two countries are huge producers and sellers of tea. Therefore, they have rich tea-drinking cultures. China is actually known for green tea and oolong tea practice while India is associated with black tea products that are full-bodied.

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Global Tea Market Segmentation

By Product:

  • Black
  • Green
  • Oolong
  • Herbal

By Product, Market segmentation is done in colors such as Black, Green, Oolong, and Herbal. The Black Tea section will command the highest market share at 42.5% come 2030 because of peoples’ rise in appetite for tea across continents. Black tea is popular with those who care about their health thanks to high levels of antioxidants and polyphenols found in it. Black tea contains vitamin C, zinc, iron, magnesium, copper, manganese, potassium, fluoride, calcium, etc. In comparison with green tea, black tea has more antioxidants and anti-viral, anti-allergic, anti-spasmodic properties. The Green Tea segement is predicted to grow quite quickly at a compound annual growth rate (CAGR) of 9.8% throughout the forecast period because of increase in health and wellness education level and a number of fitness freak tea drinkers.

By Application:

  • Residential
  • Commercial

By Distribution Channel:

  • Supermarket & Hypermarket
  • Speciality Stores
  • Online

Global Tea Market Key Competitors include:

North America

  • Rishi Tea and Botanicals
  • Genuine Tea Co.
  • Novel Teas
  • Numi Organic Tea
  • JDE Peet’s
  • Bigelow Tea Company
  • Thaiwala
  • Tea Sparrow

Europe

  • Halssen & Lyon
  • Unilever
  • Ahmad Tea
  • Ecotone
  • Illycaffe
  • Kapchorua Tea
  • Typhoo Tea

Asia-Pacific

  • Dilmah Tea
  • Basilur Tea
  • The Wellness Group (TWG Tea)
  • Gujarat Tea Processor & Packers Ltd.
  • Gujarat Tea Processor & Packers Ltd.
  • Dhunseri Tea & Industries
  • Amaara Herbs
  • Indong Tea
  • China Tea

Middle East & Africa

  • Limura Tea
  • Rabea Tea
  • Sadaf Tea

Key questions answered in the Global Tea Market are:

  • What segments are covered in Tea Market report?
  • What is the current growth rate of the Global Tea Market?
  • Who are the key players in the Global Tea Market?
  • What are the growth prospects in developing countries for the Global Tea Market?
  • Which segment is expected to witness the fastest growth and why in the Global Tea Market?
  • What are the factors affecting growth in the Global Tea Market?
  • Who held the largest market share in the Global Tea Market?
  • What are the opportunities for the Global Tea Market?
  • What are the strategies used by competitors in the Global Tea Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by Different Segments | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Product, Sales Channel, Feature, and Age Group and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading in food and beverages research firm, has also published the following reports:

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Jelly Pudding Market The Jelly Pudding Market size was valued at USD 19.5 Billion in 2023 and the total Jelly Pudding revenue is expected to grow at a CAGR of 3.10% from 2024 to 2030, reaching nearly USD 24.15 Billion in 2030. The jelly pudding market analysis report provides a comprehensive examination of the current landscape, trends, and prospects of the global jelly pudding industry.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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