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Tea Market Growth 2023-2030: Trends, Opportunities, and Key Acquisitions

The global tea market is poised for significant growth, expected to reach USD 118.77 billion by 2030 at a CAGR of 6.6%. This expansion is driven by increasing consumer preference for organic and herbal teas, rising health consciousness, and the growing popularity of ready-to-drink tea beverages. North America and Europe are witnessing a surge in demand for premium and specialty teas, while the Asia-Pacific region continues to dominate both production and consumption. Recent mergers and acquisitions, such as Supreme's acquisition of Typhoo Tea, indicate a dynamic industry landscape, with compan

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Tea Market Growth 2023-2030: Trends, Opportunities, and Key Acquisitions

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  1. Tea MarketGlobal Analysis Report 2024-2030 Published by : Falguni Research analyst

  2. Market Size & Overview: The global tea market was valued at approximately USD 75.93 billion in 2023 and is projected to reach nearly USD 118.77 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.6% during the forecast period. This growth is driven by increasing health consciousness, rising disposable incomes, and the introduction of diverse tea flavors and varieties.

  3. Market Growth & Opportunities The tea market's expansion is attributed to the growing popularity of organic and herbal teas, recognized for their health benefits. Manufacturers are investing in research and development to enhance product quality and introduce innovative flavors, catering to evolving consumer preferences. The surge in demand for ready-to-drink teas and the proliferation of online retail channels further present lucrative opportunities for market players. Sample Request

  4. Market Segmentation • by Packaging • Plastic Containers • Loose Tea • Paperboards • Aluminum Tins • Tea Bags • Others • By Distribution Channel • Supermarkets/Hypermarkets • Specialty Stores • Convenience Stores • Online • Others • by Product Type • Green Tea • Black Tea • Oolong Tea • Others • by Category • Organic • Conventional

  5. Regional Analysis: North America : The region has witnessed a steady increase in tea consumption, driven by a shift towards healthier beverages and the rising popularity of specialty and herbal teas. Europe : Traditional tea-drinking countries continue to maintain a stable market, with a growing inclination towards premium and organic tea products. Asia-Pacific (APAC) : As the largest tea-producing and consuming region, APAC dominates the market. Countries like China, India, and Japan lead in both production and consumption, with a rich cultural heritage of tea drinking.

  6. Regional Analysis Customized Report Request

  7. Merges and Acquisition • Supreme's Acquisition of Typhoo Tea :In December 2024, Supreme, a company known for vape and battery production, acquired the historic Typhoo Tea brand for £10.2 million. This move aims to diversify Supreme's portfolio and revitalize Typhoo's market presence. • Supreme'sDiversification Strategy : The acquisition of Typhoo Tea aligns with Supreme's broader strategy to expand into the drinks sector, reducing its reliance on vaping products amidst changing regulations. • Expansion into Soft Drinks: Prior to acquiring Typhoo, Supreme purchased the parent company of Clearly Drinks, Acorn Topco, for £15 million, further strengthening its position in the beverage industry. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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