Tea Market, Size, Share, Growth, Trends, and Forecast, 2030

The global Tea market, which was estimated at 51, 000 (USD Million) in 2019 and is predicted to accrue earnings worth 76,000 (USD Million) by 2026, is set to record a CAGR of nearly 4.5% over 2020-2026. The report offers valuation and analysis of Tea market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

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Introduction

Tea is an aromatic drink extracted from camellia sinesis herb which is said to possess medicinal property. It is one of the majorly consumed drinks across the globe. The beverage is considered to be a healthy one due to presence of anti-oxidants as well as minerals including potassium, calcium, magnesium, and manganese. Routine tea consumption will assist in minimizing the damage of the cells as it helps in reducing proportion of free radicals in the body of an individual. Polyphenolic compounds present in black tea as well as green tea help in preventing heart disorders. Furthermore, it has been observed that these tea types possess anti-aging and anti-diabetic features.  Four kinds of teas are available across the globe and they include green tea, black tea, white tea, and oolong tea.

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Market Growth Drivers

Rise in the per capita income and growing health consciousness is anticipated to spur the tea market in the years ahead. Furthermore, rise in the consumption of functional drinks have resulted in massive product penetration across the globe in the years ahead. Pleasant taste and massive health benefits owing to tea consumption will proliferate the business growth over the upcoming years. In addition to this, myriad studies have unleashed favorable effects of routine tea intake against skin disorder as well as cancer. This, in turn, is likely to kindle the expansion of tea industry over the projected timeline.

Apparently, tea improves heart & metabolic activity along with favorably impacting insulin signaling and glucose metabolism. Additionally, it also assists in quick recovery of arthritis patients as well as individuals suffering from neurological disorders. Nonetheless, climatic changes and dependence of the farmers on cultivating tea plant on climate in tea-producing countries like India will pose a threat to the growth of the tea industry over the forecast timeline. However, launching of new tea flavors and massive popularity of herbal tea across the globe will not only nullify the hindrances on the market growth but will offer huge growth avenues for the business over the assessment timeline.

Asia Pacific Market Size To Increase Exponentially Over 2020-2026

The expansion of industry in Asia Pacific zone over the forecast timeline is due to large-scale production as well as intake of tea in the countries like India and China. In addition to this, Vietnam, Indonesia, and Japan are also major regional revenue contributors apart from China and India. Moreover, tea is available at affordable costs in the Asia countries and forms a key part of the Asian culture. This aspect will open new horizons for tea market in the years to come.

Key participants leveraging the business growth are Hangzhou Wahaha International Group Co. Ltd., The Coca-Cola Company, Monster Beverage Corporation, PepsiCo Inc., Danone SA, Sapporo Beverage Co., Ltd., Starbucks Corporation, Ting Hsin International Group, Nestle S.A., Arizona Beverage Company, Suntory Holdings Ltd., Asahi Group Holdings, Uni-President Enterprises, and Unilever NV.

Global Tea Market Report Scope:

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This report segments the global tea market as follows:

Global Tea Market: Type Segment Analysis

• Green Tea
• Black Tea
• Oolong Tea
• Herbal Tea
• Others

Global Tea Market: Application Segment Analysis

• Household
• Commercial

Global Tea Market: Packaging Segment Analysis

• Plastic Container
• Loose Tea Packets
• Tea Bags
• Aluminum Tins

Global Tea Market: Distribution Channel Segment Analysis

• Supermarket/Hypermarket
• Convenience Store
• Specialty Store
• Online Retail
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa