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.
Tea Market Scope and Methodology:
The research includes both qualitative and quantitative methods using SWOT, PESTLE and Porter’s Five Forces analysis tools. Its in-depth study of market growth drivers, restraints, and other important factors influencing the Market. Investors, stakeholders and market observers use this report as a valuable guide.
Market covering global, regional, national and local aspects. Through primary and secondary data sources, it provides forecasts of market size, growth rate and identifies current and future trends. Top players are highlighted by regions including their revenue, financial status, portfolio and technological advancements.
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Tea Market Regional Insights
Geographically, the report is divided into several important countries. Food Market Size, Growth Rate, Import and Export of Market. In these Countries Covering North America, USA, Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India , Japan , Australia, South Korea, ASEAN countries, Rest of APAC, South America, Brazil and Middle East and Africa.
Tea Market Segmentation
by Product
Black
Green
Oolong
Herbal
Based on the Product, the market is segmented into Black, Green, Oolong, and Herbal. Black Tea segment is expected to hold the largest market shares of 42.5% by 2027. This is due to an increase in the number of tea drinkers around the world. Black tea is also popular among health enthusiasts due to its high concentration of antioxidants and polyphenols. Vitamin C, zinc, iron, magnesium, copper, manganese, potassium, fluoride, and calcium are all present in black tea extract. In comparison to green tea, black tea extract contains more antioxidants and is anti-allergic, anti-viral, and anti-spasmodic. The size of the black tea extract market has been positively influenced by rising demand for herbal treatments. During the forecast period, functional foods containing botanical ingredients can see a significant increase in consumption. The conventional auction system, which was established during colonial rule to ensure a steady supply of black tea for British, Dutch, and North American consumers, is now entirely focused on black tea.
by Application
Residential
Commercial
Based on the Applications: The market is segmented into Supermarkets and Hypermarkets, Specialty Stores, and Online. Online distribution channel segment is expected to grow rapidly at a CAGR of 5.9% during the forecast period. The advent of online apps, together with the availability of discounts and quick product delivery, has a favourable impact on the market’s supply chain. For example, retailers like Walmart and Big Basket, among others, provide a diverse selection of flavoured teas with both online and offline delivery options. These are the key factor that drives the growth of this segment in the global market during the forecast period.
by Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
Online
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Tea Market Key Players
1. TATA GLOBAL BEVERAGES LIMITED
2. UNILEVER PLC
3. ASSOCIATED BRITISH FOODS PLC
4. BARRY’S TEA
5. APEEJAY SURRENDRA GROUP
6. BETTYS & TAYLORS GROUP LTD.
7. MCLEOD RUSSEL INDIA LTD
8. ITO EN, LTD
9. DAVIDS TEA INC.
10.TEA FORTÉ INC.
11.Barry’s Tea
12.R Twining and Company Limited
13.Hain Celestial Group Inc.
14.Nestle SA
15.Orientis Group (Kusmi Tea)
16.The Republic of Tea
17.Tazo Tea Company
18.Numi Inc.
19.Apeejay Surrendra Group
20.Mighty Leaf Tea Company
21.Bettys & Taylors Group Ltd.
22.cLeod Russel
Key questions answered in the Tea Market are:
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