Tea Market - Global Industry Analysis

Tea Market - By Product Type (Green Tea, Black Tea, Oolong Tea, Herbal Tea, and Others), By Application (Household and Commercial), By Packaging (Plastic Container, Loose Tea Packets, Tea Bags, and Aluminum Tins), and By Distribution Channel (Supermarket/Hypermarket, Convenience Store, Specialty Store, Online Retail and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020– 2026

Published Date: 06-Aug-2018 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-3260 Status : Published

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.

Description

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).

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.

Global Tea Market

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.

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

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Tea market, 2015 - 2024(USD Million)
    • 2.2. Global Tea market : Snapshot
  •  
  • Chapter 3. Tea Market- Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global Tea market drivers: Impact analysis
      • 3.2.2. Rising popularity of various flavors
    • 3.3. Market Restraints
      • 3.3.1. Global Tea market restraints: Impact analysis
      • 3.3.2. over consumption of tea has some unpleasant side effects
    • 3.4. Opportunities
      • 3.4.1. Demand for flavored tea Packaging's
    • 3.5. Porter's five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by type segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by packaging segment
      • 3.6.4. Market attractiveness analysis, by distribution channel segment
      • 3.6.5. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Tea Market - Competitive Landscape
    • 4.1. Company market share, 2017 (Subject To Data Availability)
      • 4.1.1. Global Tea market: company market share, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Packaging Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Packaging and Regional Expansion
    • 4.3. Packaging Portfolio
  •  
  • Chapter 5. Global Tea Market - Type Analysis
    • 5.1. Global Tea market: Type overview
      • 5.1.1. Global Tea market revenue share, by Type, 2017 - 2024
    • 5.2. Green Tea
      • 5.2.1. Global Tea market for Green Tea, 2015 - 2024(USD Million)
    • 5.3. Black Tea
      • 5.3.1. Global Tea market for Black Tea, 2015 - 2024(USD Million)
    • 5.4. Oolong Tea
      • 5.4.1. Global Tea market for Oolong Tea, 2015 - 2024(USD Million)
    • 5.5. Herbal Tea
      • 5.5.1. Global Tea market for Herbal Tea, 2015 - 2024(USD Million)
    • 5.6. Others
      • 5.6.1. Global Tea market for Others, 2015 - 2024(USD Million)
  •  
  • Chapter 6. Global Tea Market - Application Analysis
    • 6.1. Global Tea market: Application overview
      • 6.1.1. Global Tea market revenue share, by Application, 2017 - 2024
    • 6.2. Household
      • 6.2.1. Global Tea market for Household, 2015 - 2024(USD Million)
    • 6.3. Commercial
      • 6.3.1. Global Tea market for Commercial, 2015 - 2024(USD Million)
  •  
  • Chapter 7. Global Tea Market - Packaging Analysis
    • 7.1. Global Tea market: Packaging overview
      • 7.1.1. Global Tea market revenue share, by Packaging, 2017 - 2024
    • 7.2. Plastic Container
      • 7.2.1. Global Tea market for Plastic Container, 2015 - 2024(USD Million)
    • 7.3. Loose Tea Packets
      • 7.3.1. Global Tea market for Loose Tea Packets, 2015 - 2024(USD Million)
    • 7.4. Tea Bags
      • 7.4.1. Global Tea market for Tea Bags, 2015 - 2024(USD Million)
    • 7.5. Aluminum Tins
      • 7.5.1. Global Tea market for Aluminum Tins, 2015 - 2024(USD Million)
  •  
  • Chapter 8. Global Tea Market - Distribution Channel Analysis
    • 8.1. Global Tea Market: Distribution Channel overview
      • 8.1.1. Global Tea market revenue share, by Distribution Channel, 2017 - 2024
    • 8.2. Supermarket/Hypermarket
      • 8.2.1. Global Tea market revenue share, by Supermarket/Hypermarket, 2017 - 2024
    • 8.3. Convenience Store
      • 8.3.1. Global Tea market for Convenience Store, 2015 - 2024(USD Million)
    • 8.4. Specialty Store
      • 8.4.1. Global Tea market for Specialty Store, 2015 - 2024(USD Million)
    • 8.5. Online Retail
      • 8.5.1. Global Tea market for Online Retail, 2015 - 2024(USD Million)
  •  
  • Chapter 9. Global Tea Market - Regional Segment Analysis
    • 9.1. Global Tea market: Regional overview
      • 9.1.1. Global Tea market revenue share, by region, 2017 - 2024
    • 9.2. North America
      • 9.2.1. North America Tea market revenue, by Type, 2015 - 2024(USD Million)
      • 9.2.2. North America Tea market revenue, by Application, 2015 - 2024(USD Million)
      • 9.2.3. North America Tea market revenue, by Packaging, 2015 - 2024(USD Million)
      • 9.2.4. North America Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
      • 9.2.5. U.S.
        • 9.2.5.1. U.S. Tea market revenue, by Type, 2015 - 2024(USD Million)
        • 9.2.5.2. U.S. Tea market revenue, by Application, 2015 - 2024(USD Million)
        • 9.2.5.3. U.S. Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.2.5.4. U.S. Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
      • 9.2.6. Rest of North America
        • 9.2.6.1. Rest of North America Tea market revenue, by Type, 2015 - 2024(USD Million)
        • 9.2.6.2. Rest of North America Tea market revenue, by Application, 2015 - 2024(USD Million)
        • 9.2.6.3. Rest of North America Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.2.6.4. Rest of North America Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
    • 9.3. Europe
      • 9.3.1. Europe Tea market revenue, by Type, 2015 - 2024(USD Million)
      • 9.3.2. Europe Tea market revenue, by Application, 2015 - 2024(USD Million)
      • 9.3.3. Europe Tea market revenue, by Packaging, 2015 - 2024(USD Million)
      • 9.3.4. Europe Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
      • 9.3.5. UK
        • 9.3.5.1. UK Tea market revenue, by Type, 2015 - 2024(USD Million)
        • 9.3.5.2. UK Tea market revenue, by Application, 2015 - 2024(USD Million)
        • 9.3.5.3. UK Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.3.5.4. UK Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
      • 9.3.6. France
        • 9.3.6.1. France Tea market revenue, by Type, 2015 - 2024, (USD Million)
        • 9.3.6.2. France Tea market revenue, by Application, 2015 - 2024, (USD Million)
        • 9.3.6.3. France Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.3.6.4. France Tea market revenue, by Distribution Channel, 2015 - 2024, (USD Million)
      • 9.3.7. Germany
        • 9.3.7.1. Germany Tea market revenue, by Type, 2015 - 2024, (USD Million)
        • 9.3.7.2. France Tea market revenue, by Application, 2015 - 2024, (USD Million)
        • 9.3.7.3. Germany Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.3.7.4. Germany Tea market revenue, by Distribution Channel, 2015 - 2024, (USD Million)
      • 9.3.8. Rest of Europe
        • 9.3.8.1. Rest of Europe Tea market revenue, by Type, 2015 - 2024(USD Million)
        • 9.3.8.2. Rest of Europe Tea market revenue, by Application, 2015 - 2024(USD Million)
        • 9.3.8.3. Rest of Europe Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.3.8.4. Rest of Europe Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific Tea market revenue, by Type, 2015 - 2024, (USD Million)
      • 9.4.2. Asia Pacific Tea market revenue, by Application, 2015 - 2024, (USD Million)
      • 9.4.3. Asia Pacific Tea market revenue, by Packaging, 2015 - 2024(USD Million)
      • 9.4.4. Asia Pacific Tea market revenue, by Distribution Channel, 2015 - 2024, (USD Million)
      • 9.4.5. China
        • 9.4.5.1. China Tea market revenue, by Type, 2015 - 2024(USD Million)
        • 9.4.5.2. China Tea market revenue, by Application, 2015 - 2024(USD Million)
        • 9.4.5.3. China Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.4.5.4. China Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
      • 9.4.6. Japan
        • 9.4.6.1. Japan Tea market revenue, by Type, 2015 - 2024(USD Million)
        • 9.4.6.2. Japan Tea market revenue, by Application, 2015 - 2024(USD Million)
        • 9.4.6.3. Japan Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.4.6.4. Japan Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
      • 9.4.7. India
        • 9.4.7.1. India Tea market revenue, by Type, 2015 - 2024(USD Million)
        • 9.4.7.2. India Tea market revenue, by Application, 2015 - 2024(USD Million)
        • 9.4.7.3. India Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.4.7.4. India Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
      • 9.4.8. Rest of Asia Pacific
        • 9.4.8.1. Rest of Asia Pacific Tea market revenue, by Type, 2015 - 2024(USD Million)
        • 9.4.8.2. Rest of Asia Pacific Tea market revenue, by Application, 2015 - 2024(USD Million)
        • 9.4.8.3. Rest of Asia Pacific Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.4.8.4. Rest of Asia Pacific Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
    • 9.5. Latin America
      • 9.5.1. Latin America Tea market revenue, by Type, 2015 - 2024(USD Million)
      • 9.5.2. Latin America Tea market revenue, by Application, 2015 - 2024(USD Million)
      • 9.5.3. Latin America Tea market revenue, by Packaging, 2015 - 2024(USD Million)
      • 9.5.4. Latin America Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
      • 9.5.5. Brazil
        • 9.5.5.1. Brazil Tea market revenue, by Type, 2015 - 2024(USD Million)
        • 9.5.5.2. Brazil Tea market revenue, by Application, 2015 - 2024(USD Million)
        • 9.5.5.3. Brazil Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.5.5.4. Brazil Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
      • 9.5.6. Rest of Latin America
        • 9.5.6.1. Rest of Latin America Tea market revenue, by Type, 2015 - 2024(USD Million)
        • 9.5.6.2. Rest of Latin America Tea market revenue, by Application, 2015 - 2024(USD Million)
        • 9.5.6.3. Rest of Latin America Tea market revenue, by Packaging, 2015 - 2024(USD Million)
        • 9.5.6.4. Rest of Latin America Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
    • 9.6. Middle East and Africa
      • 9.6.1. Middle East and Africa Tea market revenue, by Type, 2015 - 2024(USD Million)
      • 9.6.2. Middle East and Africa Tea market revenue, by Application, 2015 - 2024(USD Million)
      • 9.6.3. Middle East & Africa Tea market revenue, by Packaging, 2015 - 2024(USD Million)
      • 9.6.4. Middle East and Africa Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
  •  
  • 10. Company Profile
    • 10.1. The Coca-Cola Company
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Type portfolio
      • 10.1.4. Business strategy
      • 10.1.5. Recent developments
    • 10.2. PepsiCo Inc.
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Type portfolio
      • 10.2.4. Business strategy
      • 10.2.5. Recent developments
    • 10.3. Sapporo Beverage Co., Ltd.
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Type portfolio
      • 10.3.4. Business strategy
      • 10.3.5. Recent developments
    • 10.4. Ting Hsin International Group
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Type portfolio
      • 10.4.4. Business strategy
      • 10.4.5. Recent developments
    • 10.5. Others
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Type portfolio
      • 10.5.4. Business strategy
      • 10.5.5. Recent developments

Table Of Figures

List of Figures 

1. Market Research Process
2. Market Research Methodology
3. Global Tea Market Revenue, 2015 - 2024(USD Million) 
4. Porter’s Five Forces Analysis
5. Tea: Market Attractiveness Analysis, By Type Segment
6. Tea: Market Attractiveness Analysis, By Application Segment
7. Tea: Market Attractiveness Analysis, By Packaging Segment
8. Tea: Market Attractiveness Analysis, By Distribution Channel Segment
9. Tea: Market Attractiveness Analysis, By Regional Segment
10. Company Market Share Analysis, 2017
11. Global Tea Market Revenue Share, By Type, 2017 - 2024
12. Global  Tea Market For Green Tea, 2015 - 2024, (USD Million) 
13. Global Tea For Black Tea, 2015 - 2024, (USD Million) 
14. Global  Tea Market For Oolong Tea, 2015 - 2024, (USD Million) 
15. Global Tea For Herbal Tea, 2015 - 2024, (USD Million) 
16. Global Tea For Others, 2015 - 2024, (USD Million)
17. Global Tea Market Revenue Share, By Application, 2017 - 2024
18. Global  Tea Market For Household, 2015 - 2024, (USD Million) 
19. Global Tea For Commercial, 2015 - 2024, (USD Million)  
20. Global Tea Market Revenue Share, By Packaging, 2017 - 2024
21. Global Tea For Plastic Container, 2015 - 2024, (USD Million) 
22. Global Tea For Loose Tea Packets, 2015 - 2024, (USD Million) 
23. Global Tea For Tea Bags, 2015 - 2024, (USD Million) 
24. Global Tea For Aluminum Tin, 2015 - 2024, (USD Million) 
25. Global Tea Market Revenue Share By Distribution Channel, 2017 - 2024
26. Global Tea Market For Supermarket/Hypermarket, 2015 - 2024,(USD Million) 
27. Global Tea Market For Convenience Store, 2015 - 2024, (USD Million) 
28. Global Tea Market For Specialty Store, 2015 - 2024, (USD Million) 
29. Global Tea Market For Online Retail, 2015 - 2024, (USD Million) 


Table Of Tables

List of Tables

1. Tea market: Market Snapshot                                                                                                                        
2. Drivers of global Tea market: Impact analysis 
3. Restraints of global Tea market: Impact analysis  
4. North America Tea market revenue, by Type, 2015 - 2024(USD Million)
5. North America Tea market revenue, by Application, 2015 - 2024(USD Million) 
6. North America Tea market revenue, by Packaging, 2015 - 2024(USD Million) 
7. North America Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million) 
8. U.S. Tea market revenue, by Type, 2015 - 2024(USD Million) 
9. U.S. Tea market revenue, by Application, 2015 - 2024(USD Million)
10. U.S. Tea market revenue, by Packaging, 2015 - 2024(USD Million) 
11. U.S. Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million
12. Rest of North America Tea market revenue, by Type, 2015 - 2024(USD Million) 
13. Rest of North America Tea market revenue, by Application, 2015 - 2024(USD Million) 
14. Rest of North America Tea market revenue, by Packaging, 2015 - 2024(USD Million) 
15. Rest of North America Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million
16. Europe Tea market revenue, by Type, 2015 - 2024(USD Million)
17. Europe Tea market revenue, by Application, 2015 - 2024(USD Million)  
18. Europe Tea market revenue, by Packaging, 2015 - 2024(USD Million) 
19. Europe Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
20. UK Tea market revenue, by Type, 2015 - 2024(USD Million) 
21. UK Tea market revenue, by Application, 2015 - 2024(USD Million)
22. UK Tea market revenue, by Packaging, 2015 - 2024(USD Million) 
23. UK Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
24. France Tea market revenue, by Type, 2015 - 2024(USD Million)
25. France Tea market revenue, by Application, 2015 - 2024(USD Million) 
26. France Tea market revenue, by Packaging, 2015 - 2024(USD Million) 
27. France Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
28. Germany Tea market revenue, by Type, 2015 - 2024(USD Million)
29. Germany Tea market revenue, by Application, 2015 - 2024(USD Million)
30. Germany Tea market revenue, by Packaging, 2015 - 2024(USD Million) 
31. Germany Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
32. Rest of the Europe Tea market revenue, by Type, 2015 - 2024(USD Million)
33. Rest of the Europe Tea market revenue, by Application, 2015 - 2024(USD Million)
34. Rest of the Europe Tea market revenue, by Packaging, 2015 - 2024(USD Million) 
35. Rest of the Europe Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
36. Asia Pacific Tea market revenue, by Type, 2015 - 2024(USD Million) 
37. Asia Pacific Tea market revenue, by Application, 2015 - 2024(USD Million) 
38. Asia Pacific Tea market revenue, by Packaging, 2015 - 2024(USD Million) 
39. Asia Pacific Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
40. China Tea market revenue, by Type 2015 - 2024(USD Million) 
41. China Tea market revenue, by Application 2015 - 2024(USD Million) 
42. China Tea market revenue, by Packaging, 2015 - 2024(USD Million)
43. China Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
44. Japan Tea market revenue, by Type, 2015 - 2024(USD Million)
45. China Tea market revenue, by Application 2015 - 2024(USD Million) 
46. Japan Tea market revenue, by Packaging, 2015 - 2024(USD Million)
47. Japan Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
48. India Tea market revenue, by Type, 2015 - 2024(USD Million)
49. India Tea market revenue, by Application, 2015 - 2024(USD Million)
50. India Tea market revenue, by Packaging, 2015 - 2024(USD Million)
51. India Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
52. Rest of Asia Pacific Tea market revenue, by Type, 2015 - 2024(USD Million)
53. Rest of Asia Pacific Tea market revenue, by Application, 2015 - 2024(USD Million)
54. Rest of Asia Pacific Tea market revenue, by Packaging, 2015 - 2024(USD Million)
55. Rest of Asia Pacific Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
56. Latin America Tea market revenue, by Type, 2015 - 2024(USD Million) 
57. Latin America Tea market revenue, by Application, 2015 - 2024(USD Million) 
58. Latin America Tea market revenue, by Packaging, 2015 - 2024(USD Million)
59. Latin America Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
60. Brazil Tea market revenue, by Type, 2015 - 2024(USD Million)
61. Brazil Tea market revenue, by Application, 2015 - 2024(USD Million)
62. Brazil Tea market revenue, by Packaging, 2015 - 2024(USD Million)
63. Brazil Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
64. Rest of Latin America Tea market revenue, by Type, 2015 - 2024(USD Million)
65. Rest of Latin America Tea market revenue, by Application, 2015 - 2024(USD Million)
66. Rest of Latin America Tea market revenue, by Packaging, 2015 - 2024(USD Million)
67. Rest of Latin America Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)
68. Middle East and Africa Tea market revenue, by Type, 2015 - 2024(USD Million)
69. Middle East and Africa Tea market revenue, by Application, 2015 - 2024(USD Million)
70. Middle East and Africa Tea market revenue, by Packaging, 2015 - 2024(USD Million)
71. Middle East & Africa Tea market revenue, by Distribution Channel, 2015 - 2024(USD Million)

Methodology

Free Analysis

Tea is a traditional beverage originated in China. Tea is the oldest and the most popular, non-alcoholic caffeine-containing beverage. Tea is basically made from the leaves of the tea plant named Camellia sinensis which is a member of the Theaceae family. Tea processing is the method in which the leaves of the tea plant are transformed into dry leaves. 

Tea has antioxidant property due to the presence of polyphenols and is anti-carcinogenic in nature. Moreover, it shows anti-cancerous activity and is effective for the different type of cancers such as lung, prostate, esophageal, stomach, and pancreatic cancer. Tea is a rich source of fluoride and aluminum. It has different amino acids and helps to develop strong immunity, increase metabolism, and reduced cholesterol. There are different types of tea such as green tea, white tea, black tea, yellow tea, oolong tea, and fermented tea. The most commonly consumed tea is black, green, and oolong. Each type of tea has a different smell, taste, and appearance. The main techniques involved in tea making are oxidation and drying. Steps involved in tea processing are plucking, withering, disruption, oxidation or fermentation, fixation, shaping, and drying.

Global Tea Market

Increasing promotional and marketing strategies applied by tea manufacturers and producers is affecting the global tea market positively. Growing awareness among people regarding the benefits of tea consumption has increased the intensity of demand for tea among consumers. This is increasing the customer base consuming tea on the daily basis which is expected to boost the growth of the global tea market. This growth is mainly due to changing lifestyle and busy daily schedule of people. 

The product type of the global tea market includes green tea, black tea, oolong tea, herbal tea, and others. In terms of consumption, black tea is anticipated to dominate the market owing to large demand and consumer base associated with it. On the basis of application, global tea market is segmented into household and commercial. However, increasing cost of raw material is expected to hinder the market growth. 

On the basis of packaging, global tea market is segmented into a plastic container, loose tea packets, tea bags, and aluminum tins. On the basis of the distribution channel, the market is segmented into a convenience store, supermarket/hypermarket, online retail, specialty store, and others. Hypermarket & supermarket segment is projected to be the most popular sales channel during the forecast period. This is due to high discount rates and offers such as buy one get one free offered at hypermarket & supermarket. 

By geography, Asia Pacific is expected to be the fastest growing region in terms of revenue. Emerging economies are experiencing growing demand for processed food items along with increased population the demand for tea is expected to rise in the region. Developed nations in the region of North America and Europe are anticipated to show significant growth due to the popularity of convenience and healthy beverage option which has grown the consumer preferences for tea. The Middle East and Africa region are projected to show a considerable growth rate during the forecast period due to the growing demand for tea by tea loving expatriates.

Some of the key players have been focusing on merger and collaboration with tea vendors, research & development, nutritional advancement, maintaining the quality of the product, and packaging and pricing strategy in order to hold their ascendancy in the market. Key players operating in this market are PepsiCo Inc., The Coca-Cola Company, Sapporo Beverage Co., Ltd., Suntory Holdings Ltd., Arizona Beverage Company, Ting Hsin International Group, Nestle S.A., Asahi Group Holdings, Monster Beverage Corporation, Danone SA, Uni-President Enterprises, Unilever NV., Starbucks Corporation, Hangzhou Wahaha International Group Co. Ltd., and others. 

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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.

According to Zion market research report, 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.

Asia Pacific is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2020-2026 can be credited 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.   

The key players profiled in the report include 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. With market being highly fragmented, players are trying to capture a large portion of market share through new product launches.

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