The tea capsule global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Tea Capsule Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The tea capsule market size has grown rapidly in recent years. It will grow from $1.28 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to convenience and portability, sustainability, e-commerce growth.
The tea capsule market size is expected to see rapid growth in the next few years. It will grow to $2.61 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to health and wellness trends, digital marketing and e-commerce. Major trends in the forecast period include premiumization, innovation and product diversification, customization, eco-friendly packaging, technological advancements.
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Scope Of Tea Capsule Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Tea Capsule Market Overview
Market Drivers –
Increasing consumption of tea is predicted to boost demand for tea capsules over the forecast period. According to the International Institute of Sustainable Development (IISD), tea has become the second most popular beverage, with 3 billion cups consumed every day across the globe. For instance, according to the Global Dubai Tea Forum, per capita consumption of tea is projected to increase to 37.7 litres by the end of 2021. Growing per capita consumption is likely to drive the demand for tea capsules in the near future.
Market Trends –
The players engaged in the manufacturing and selling of tea capsules are adopting various strategies, such as mergers and acquisitions, new product launches, and plant capacity expansion, in order to maintain their position in the competitive business environment. In June 2023, Singha Park Chiang Rai, a tea business in Thailand, launched ‘Tea Capsules by Singha Park Chiang Rai,’ a quality tea in capsule form with the combination of the unique innovative production process via a special blending technique to get 6 premium quality tea flavors that meet the lifestyle of modern consumers.
The tea capsule market covered in this report is segmented –
1) By Product Type: Red Tea Capsules, Oolong Tea Capsules, Black Tea Capsules, Yellow Tea Capsules, Other Product Types
2) By Distribution Channel: Hypermarkets & Supermarkets, Specialty Stores, Online Stroes, Convenience Stores, Other Distribution Channels
3) By Application: Residential, Commercial
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Regional Insights –
Asia-Pacific was the largest region in the tea capsules market in 2023. Western Europe was the second-largest region in the tea capsules market. The regions covered in the tea capsule market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the tea capsule market include Dualit Limited, Teespresso, Nestle Nespresso, Lipton, Corsini, Bonini S.r.l., Red Espresso USA, Tazo Tea Company, Harney & Sons Fine Teas, Celestial Seasonings, Keurig Dr Pepper Inc., Tassimo, Teavana Corporation, Caffitaly System SpA, Illycaffè SpA, Gourmesso, Ethical Bean Coffee, Gloria Jean’s Coffees, Café Escapes, Solimo, Grove Square, SOUL&SOUL, The Republic of Tea, Grenera Nutrients Pvt Ltd., Bonhomiaworld, Herbadiet, Raab Vitalfood GmbH, Lamie Wellness LLC, Puro Fairtrade Coffee, Segafredo Zanetti Coffee System SpA
Table of Contents
1. Executive Summary
2. Tea Capsule Market Report Structure
3. Tea Capsule Market Trends And Strategies
4. Tea Capsule Market – Macro Economic Scenario
5. Tea Capsule Market Size And Growth
…..
27. Tea Capsule Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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