Tea Market Research Report

 

GMI Research's recent analysis, global tea market, forecast to 2027, examines the trends in this market and how they are evolving across the different key geographic regions of the world. The growing fitness and health-conscious population, along with the increasing number of tea consuming population, are the key drivers fuelling the growth of the tea market.

Introduction of the Tea Market:

Tea was earlier used for medical purposes and is now one of the popular non-alcoholic beverage drinks. Tea is gaining popularity across the world due to the strong presence of aroma and therapeutic benefits. Tea helps in building immunity and better metabolism due to the presence of different types of essential nutrients in it. Tea is considered a healthy beverage as it includes several potent minerals and antioxidants, such as potassium, manganese, magnesium, and calcium. Frequent tea consumption reduces cell damage caused due to free radicals and decreases cholesterol levels, followed by ease of healthy weight loss.

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Tea Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The growing fitness and health-conscious population, along with the increasing number of tea consuming population, are the major factors surging the growth of the global tea market. Moreover, the launch of numerous healthy ingredients in tea by several market players, will accelerate the growth of tea industry. The main consumers of the tea at a global level are individuals under the age group of 18-30 years and above 58 years. In addition to this, the increasing number of tea lovers across the world and fundamentally changing preference towards trying a new variety of tea is one of the emerging trends in the tea market. Rising demand for herbal tea and the introduction of new flavor and types of tea are projected to bolster the growth of the market in the upcoming years.

As per tea market analysis, the major players of the market are shifting their focus towards offering variety of flavors such as acai, chocolate, and pomegranate, which will contribute to the market growth. On the other edge of the spectrum, the key drivers hampering market growth include the high cost of raw materials due to changing weather and increasing consumers' preference towards coffee consumption. The easy availability of substitute drinks such as coffee, along with the side effects after consuming excess tea such as insomnia, anxiety, and stomach ulcers will further hinder the market growth.

Key Players of the Global Tea Market:

·        Associated British Foods plc

·        BARRY’S TEA LIMITED

·        Hain Celestial

·        ITO EN, LTD.

·        MCLEOD RUSSEL INDIA LIMITED

·        NESTLE S.A.

·        TAETEA

·        Tata Consumer Products

·        THE REPUBLIC OF TEA

·        Unilever

Tea Market Segmentation:

Segmentation by Type:

·        Green Tea

·        Black Tea

·        Oolong Tea

·        Fruit/Herbal Tea

·        Others

Segmentation by Packaging:

·        Plastic Containers

·        Loose Tea

·        Paperboards

·        Aluminum Tins

·        Tea Bags

Segmentation by Distribution Channel:

·        Supermarkets/Hypermarkets

·        Specialty Stores

·        Convenience Stores

·        Online Stores

·        Others

Segmentation by Application:

·        Residential

·        Commercial

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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