Tea Market Size, Share, Trends, Analysis, Global Industry Overview, Latest Insights and Forecast to 2027

According to IMARC Group’s latest report, titled “Tea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global tea market size reached US$ 22 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 30.3 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027.

Tea, usually prepared from the leaves of the Camellia sinensis plant, presently is represented as the most consumed beverage across the globe. It is an aromatic drink that is prepared by pouring boiling or hot water over fresh or cured tea leaves. Tea is a rich source of antioxidants that aid in preventing heart diseases and cancer. In addition to this, it contains phytochemicals that help in boosting immunity levels, regulating hormones, reducing inflammation, etc.

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Global Tea Market Trends:

The widespread adoption of this beverage, as it contains essential nutrients, including manganese, potassium, calcium, magnesium, etc., is primarily augmenting the global tea market. Furthermore, the escalating demand for healthy drinks is catalyzing the market growth. Apart from this, the rising consumer awareness towards the health benefits associated with green and oolong tea and the inflating need for leading a healthy lifestyle among individuals are acting as significant growth-inducing factors. Moreover, the growing usage of tea in the formulation of numerous personal and skin care products and the launch of favorable initiatives by government bodies across countries for providing financial assistance and associated incentives to tea farmers are also bolstering the global market. Besides this, the increasing investments by leading manufacturers in introducing varied flavors of tea, such as ginger, mint, hibiscus, lemon, etc., are further stimulating the market growth. Additionally, continuous innovations in the manufacturing processes by key market players and easy product availability through online and offline organized distribution channels are expected to fuel the global tea market in the coming years.    


Global Tea Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the tea market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Tata Consumer Products Limited
  • Unilever
  • Associated British Foods Plc.
  • Taetea
  • Barry’s Tea

Key Market Segmentation:

The report has segmented the global tea market on the basis of product type, packaging, distribution channel, application and region.

Breakup by Product Type:

  • Green Tea
  • Black Tea
  • Oolong Tea
  • Others

Breakup by Packaging:

  • Plastic Containers
  • Loose Tea
  • Paper Boards
  • Aluminium Tin
  • Tea Bags
  • Others

Breakup by Distribution Channel:

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online
  • Others

Breakup by Application:

  • Residential
  • Commercial

Regional Insights:

  • China
  • India
  • Kenya
  • Sri Lanka
  • Turkey
  • Vietnam
  • Others

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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