Global Tea Market Report by Product Type (Green Tea, Black Tea, Oolong Tea, Others) Packaging (Plastic Containers, Loose Tea, Paper Boards, Aluminium Tea, Tea Bags, Others) Application (Residential, Commercial) Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others) Countries and Company Analysis, 2024-2032
Buy NowGlobal Tea Market Analysis
Global Tea Market size in the year 2023 was US$ 65.03 billion. According to Renub Research projections, the market would increase at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2032, reaching US$ 114.62 billion. In addition to several improvements in tastes and packaging, the industry is mostly driven by growing health consciousness, a spike in demand for premium and organic teas, and expanding consumption in emerging economies.
Global Tea Market Outlook
Dried Camellia sinensis leaves are soaked in hot water to make the beverage known as tea. Its stimulating qualities are attributed to its caffeine concentration, which makes it one of the most popular drinks in the world. Because the beverage has antioxidants and minerals including potassium, calcium, magnesium, and manganese, it is regarded as healthy. Tea has been demonstrated to decrease cell damage because it lowers the body's concentration of free radicals. Green and black tea's polyphenolic components protect against cardiac issues. Because of the expansion of the cosmetics and beauty industry, more growth in the market is anticipated.
The way consumers' lives are changing and how much they want accessibility is having a big impact on the world tea market. Because consumers are looking for quick and simple beverages to fit into their busy schedules, ready-to-drink (RTD) tea beverages are growing in popularity. One of the best things about modern living is being able to affordably buy tea in bottles or packages when on the go. In response to consumer demand for high-quality, reasonably priced tea that is convenient, tea businesses are also increasing the variety of ready-to-drink teas they provide. This will facilitate the growth of the world market for tea. However, a significant obstacle to the expansion of the tea sector is competition from other beverages.
| Report Features | Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 - 2032 |
|
Historical Years |
2019 - 2023 |
|
Market Size in 2023 |
US$ 65.03 Billion |
|
Market Forecast in 2032 |
US$ 114.62 Billion |
|
Market Growth Rate (2024-2032) |
6.50% |
Driving forces for Wheat Market
An increased awareness of the health advantages of tea driving Revenue from the Tea Market-Different kinds of tea provide energy, rapid refreshment, and hydration. Drinking tea can also improve metabolic and cardiovascular health. It is well recognized that tea increases immunity, decreases inflammation, and lowers the risk of illnesses including cancer and heart disease.
Many of the health benefits of tea are attributed to its flavonoids and antioxidants, which make it a popular and enticing beverage for anybody looking to enhance their overall wellbeing.
A September 2022 National Institutes of Health (NIH) study found that those who drank at least two cups of tea a day had a 9–13% lower chance of dying than people who didn't drink tea. As a result, the value of the tea market is rising as more people become aware of the health advantages of drinking tea.
Growing Adoption of Herbal Tea Supporting Market Growth - Dried herbs and spices are used to make herbal tea. Many plant leaves are steeped to create this beverage. Many benefits of herbal tea include less inflammation, stress reduction, and immune system support. A balanced diet is also aided by herbal tea.
Herbal teas and organic labels are becoming more and more well-liked among customers. This can be attributed to the health advantages of the ingredients found in these teas, which include basil, cinnamon, and lemon grass.
In the tea market environment, vendors use organic ingredients that are grown without the use of artificial fertilizers or pesticides. These ingredients are produced in a sustainable manner with the use of biofertilizers.
New and healthful herbal tea products with enhanced nutrients are being introduced by tea manufacturers. These goods come in an assortment of flavors and sizes. The Clipper Tea Company introduced new flavors and packaging to their product line in the United States in June 2022.
The new tastes include organic Earl Grey black tea, organic green tea with lemon, organic orange and turmeric herbal tea, organic winter apple and cinnamon herbal tea, and organic winter berry herbal tea.
Asia Pacific Tea Market
Over the anticipated period, Asia Pacific is expected to hold the most share of the worldwide tea market. Due to its widespread acceptance and affordable pricing when compared to other segments, black tea is anticipated to be in high demand in the Asia-Pacific region, which includes China, India, and Japan. Customers' growing awareness of and interest in health may be driving the tea market. Enhancements in the flavor and taste of packaging will create new business prospects for local markets. The brand's ongoing innovation, including its selection of theme flavors, is attracting Gen Z and Millennial customers.
This can be explained by things like the growing trend of health concerns among local consumers—millennials in particular—who prefer tea to soft drinks and soda. To keep up with the growing demand for tea, the two largest producers in the world, China and India, also export the beverage.
Tea Market Company Overview
Associated British Foods Plc, Tata Consumer Products Limited (Tata Group), Unilever, Barry's Tea, Taetea Group, are among the industry leaders in the Global Tea Market.
Global Tea Market News
- In January 2024, Starbucks plans to run 1000 cafes in India by 2028, opening a new location every third day, with an emphasis on the country's impressive economic growth and better business climate for tea consumers. Starbucks was founded in 2012, and as of right now, it has 390 stores in India and has generated Rs 1,000 crore in revenue.
- In January 2024, Definitive agreements were made by Tata Consumer Products to purchase up to 100% of the outstanding equity share capital of Organic India, an organic company that sells traditional and herbal supplements in addition to food and beverages.
FAQS
Question: How big is the Tea market?
Answer: The global Tea market size was estimated to reach USD 114.62 billion in 2032 while it was estimated to reach US$ 65.03 billion by 2023.
Question: What is the Tea market growth rate?
Answer: The global Tea market is expected to grow at a compound annual growth rate of 6.50% from 2024 to 2032.
Question: Who are the key players in Tea market?
Answer: Some key players operating in the Tea market includes Associated British Foods Plc, Tata Consumer Products Limited (Tata Group), Unilever, etc.
Question: What are the factors driving the Tea market?
Answer: Key factors that are driving the Tea market growth includes an increased awareness of the health advantages of tea driving Revenue from the Tea Market, Growing Adoption of Herbal Tea Supporting Market Growth, etc.
Question: Which Region held the largest market share in the Tea market?
Answer: “North America” had the largest share in the Tea Market.
Product Type – Market breakup in 4 viewpoints:
- Green Tea
- Black Tea
- Oolong Tea
- Others
Packaging – Market breakup in 6 viewpoints:
- Plastic Containers
- Loose Tea
- Paper Boards
- Aluminium Tea
- Tea Bags
- Others
Application – Market breakup in 2 viewpoints:
- Residential
- Commercial
Distribution Channel – Market breakup in 5 viewpoints:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Country – Market breakup in 25 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- the Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
All the Key players have been covered from 4 Viewpoints:
- Overview
- Recent Development & Strategies
- Financial Insights
Company Analysis:
- Associated British Foods Plc
- Tata Consumer Products Limited (Tata Group)
- Unilever
- Barry's Tea
- Taetea Group
Report Details:
| Report Features | Details |
| Base Year |
2023 |
| Historical Period |
2019 - 2023 |
| Forecast Period |
2024 - 2032 |
| Market |
US$ Billion |
| Segment Covered |
Product Type, Packaging, Application, Distribution Channel, and Countries |
| Countries Covered |
|
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Tea Market
6. Market Share
6.1 Product Type
6.2 Packaging
6.3 Application
6.4 Distribution Channel
6.5 Country
7. Product Type
7.1 Green Tea
7.2 Black Tea
7.3 Oolong Tea
7.4 Others
8. Packaging
8.1 Plastic Containers
8.2 Loose Tea
8.3 Paper Boards
8.4 Aluminium Tea
8.5 Tea Bags
8.6 Others
9. Application
9.1 Residential
9.2 Commercial
10. Distribution Channel
10.1 Supermarkets and Hypermarkets
10.2 Specialty Stores
10.3 Convenience Stores
10.4 Online Stores
10.5 Others
11. Country
11.1 North America
11.1.1 United States
11.1.2 Canada
11.2 Europe
11.2.1 France
11.2.2 Germany
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Belgium
11.2.7 Netherlands
11.2.8 Turkey
11.3 Asia Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 Australia
11.3.5 South Korea
11.3.6 Thailand
11.3.7 Malaysia
11.3.8 Indonesia
11.3.9 New Zealand
11.4 Latin America
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Argentina
11.5 Middle East & Africa
11.5.1 South Africa
11.5.2 Saudi Arabia
11.5.3 UAE
12. Porter’s Five Analysis
12.1 Bargaining Power of Buyers
12.2 Bargaining Power of Suppliers
12.3 Degree of Rivalry
12.4 Threat of New Entrants
12.5 Threat of Substitutes
13. SWOT Analysis
13.1 Strength
13.2 Weakness
13.3 Opportunity
13.4 Threat
14. Key Players Analysis
14.1 Associated British Foods Plc
14.1.1 Overview
14.1.2 Recent Development
14.1.3 Financial Insight
14.2 Tata Consumer Products Limited (Tata Group)
14.2.1 Overview
14.2.2 Recent Development
14.2.3 Financial Insight
14.3 Unilever
14.3.1 Overview
14.3.2 Recent Development
14.3.3 Financial Insights
14.4 Barry's Tea
14.4.1 Overview
14.4.2 Recent Development
14.5 Taetea Group
14.5.1 Overview
14.5.2 Recent Development
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