The size of the global tea market was estimated at US$ 75.93 billion in 2023, and it is anticipated that total revenue will increase at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2030, reaching over US$ 118.77 billion.
Tea Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Tea Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Tea market, with forecasts outspreading to the year 2030.
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Tea Market Scope and Methodology:
The research provides a thorough understanding of the Tea industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the Tea market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole Tea market and its segments. The examination of the Tea industry reveals current patterns impacting growth and prospects.
Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the Tea industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.
Tea Market Regional Insights
The Tea market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
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Tea Market Segmentation
by Product
Black
Green
Oolong
Herbal
The growing demand for herbal remedies has had a favorable impact on the size of the black tea extract industry. Consumption of functional meals with botanical elements may rise significantly over the projection period. Black tea is now the sole focus of the traditional auction system, which was put in place during colonial rule to guarantee a consistent supply of black tea for consumers in the United Kingdom, the Netherlands, and North America.
Over the course of the projection period, the green tea segment is anticipated to expand quickly at a CAGR of 9.8%. This is explained by rising health and fitness consciousness and a rise in the number of tea drinkers who are concerned about their fitness.
by Application
Residential
Commercial
The market is divided into three segments: online, specialty stores, and supermarkets and hypermarkets. The online distribution channel market is anticipated to expand at a compound annual growth rate (CAGR) of 5.9% over the course of the forecast period.
by Distribution Channel
Supermarkets Hypermarkets
Specialty Stores
Online
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Tea Market Key Players
North America
1. Rishi Tea and Botanicals
2. Genuine Tea Co.
3. Novel Teas
4. Numi Organic Tea
5. JDE Peet's
6. Bigelow Tea Company
7. Thaiwala
8. Tea Sparrow
Europe
9. Halssen Lyon
10. Unilever
11. Ahmad Tea
12. Ecotone
13. Illycaffe
14. Kapchorua Tea
15. Typhoo Tea
APAC
16. Dilmah Tea
17. Basilur Tea
18. The Wellness Group (TWG Tea)
19. Gujarat Tea Processor Packers Ltd.
20. The Tea Heaven
21. Dhunseri Tea Industries
22. Amaara Herbs
23. Indong Tea
24. China Tea
ME
25. Limura Tea
26. Rabea Tea
27. Sadaf Tea
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Table of Content: Tea Market
Part 01: Executive Summary
Part 02: Scope of the Tea Market Report
Part 03: Global Tea Market Landscape
Part 04: Global Tea Market Sizing
Part 05: Global Tea Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Tea Market are:
- What is Tea?
- What was the Tea market size in 2023?
- What is the growth rate of the Tea Market?
- Which is the fastest-growing region in the Tea market?
- Which are the factors expected to drive the Tea market growth?
- What is the CAGR at which the Tea market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in Tea?
- What are the upcoming opportunities and trends for the Tea Market?
- What are the different segments of the Tea Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Tea Market?
- What segments are covered in the Tea Market?
- Who are the key players in the Tea market?
- Who are the leading companies and what are their portfolios in Tea Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from 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 and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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