Overview and Scope
Tea capsules are encapsulated tea leaves that contain ingredients similar to an ordinary cup of tea. Tea capsules offer convenience and comfort when making tea at home, in public places, or even when traveling.
Sizing and Forecast
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%. 2033 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%. 2033 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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Segmentation & Regional Insights
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
Top 5 Major Players:
- Angang Steel Company Limited
- Steel Authority of India Limited
- SSAB AB
- Nucor Corp
- Compagnie de Saint-Gobain S.A
Asia-Pacific2033 was the largest region in the tea capsules market in 2023. Western Europe2033 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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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 SpA2033
The tea capsule market report table of contents includes:
1. Executive Summary
2. Steel Products Market Characteristics
3. Steel Products Product/Service Analysis -Product/Service Examples
4. Steel Products Market Trends And Strategies
5. Steel Products Market – Macro Economic Scenario
…..
68. Global Steel Products Market Competitive Benchmarking
69. Global Steel Products Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Steel Products Market
71. Steel Products Market Future Outlook and Potential Analysis
72. Appendix
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