Tea Market is Booming Globally | Key Players: Tata Global Beverages, Unilever, Associated British Foods Plc., Taetea

1. Global Tea Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Tea Market Overview: According to the recent report by IMARC Group, entitled “Tea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global tea market reached a volume of 6.2 Million Tons in 2018, exhibiting a CAGR of 5.63% during 2011-2018. Originated in China, tea refers to an aromatic beverage which is usually prepared by adding hot or boiling water over the tea leaves. Tea is mainly grown in the developing countries, such as Asia, Africa, South America, and around the Black and Caspian Seas, with favourable soil and climatic conditions. It is considered as the widely consumed beverage across the globe as it helps in digestion, improves the immunity, assists in weight loss, benefits the bone health and minimises the risk of heart attacks. On account of escalating disposable incomes and altering tastes as well as preferences of the consumers, the demand for premium and healthy beverages like tea is proliferating worldwide. Moreover, as consumers are becoming aware about the disadvantages of consuming carbonated drinks, they are extensively incorporating green tea in their daily beverages, in turn, contributing to the overall growth of the market. Apart from this, tea manufacturers are introducing value-added ingredients so as to target young consumers or people suffering from obesity, diabetes and other health ailments.

4. Report Description and Highlights Report Description Other major factor which is catalysing the market growth is the huge popularity of tea, particularly in the developing regions like India and China. Looking forward the market volume is projected to 7.58 Million Tons by 2024, expanding at a CAGR of 3.19% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/tea-market/requestsample

5. Report Description and Highlights Report Description • Additionally, the manufacturers are coming up with new flavours of tea such as lemon, mint, orange, and pomegranate in order to widen their consumer-base. • For more information, click here: https://www.imarcgroup.com/tea-market • Key Market Segmentation: • Market Segmentation by Type • Green Tea • Black Tea • Oolong Tea • Fruit/Herbal Tea • Others • On the basis of type, the market has been divided into green tea, black tea, oolong tea, fruit/herbal tea and others. Currently, black tea accounts for the majority of the market share due to its anti-spasmodic, anti-viral and anti-allergic properties.

6. Report Description and Highlights Report Description • Market Segmentation by Packaging • Plastic Containers • Loose Tea • Paper Boards • Aluminium Tin • Tea Bags • Others • Based on packaging, paper board packaging dominated the market, holding the largest share. Some of the other packaging materials include plastic containers, loose tea, aluminium tin, tea bags and others. • Market Segmentation by Distribution Channel • Supermarket/Hypermarkets • Specialty Stores • Convenience Stores • Online • Others

7. Report Description and Highlights Report Description • Based on distribution channel, supermarkets/hypermarkets exhibit a clear dominance in the market. Supermarkets/hypermarkets are followed by specialty stores, convenience stores, online and others. • Market Segmentation by Application • Residential • Commercial • The market has also divided on the basis of application into residential sector represents the largest application area followed by commercial. • Market Segmentation by Region • China • India • Kenya • Sri Lanka • Turkey

8. Report Description and Highlights Report Description • Vietnam • Others • Region-wise, the market has been segmented into China, India, Kenya, Sri Lanka, Turkey, Vietnam and Others. Amongst these, China is the biggest market, holding the majority of the market share as tea plays a vital role in the Chinese culture. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Tata Global Beverages • Unilever • Associated British Foods Plc. • Taetea • Barry's Tea

9. Report Description and Highlights Report Description Browse Related Report Green Tea Market Report: https://www.imarcgroup.com/green-tea-market Instant Coffee Market Report: https://www.imarcgroup.com/instant-coffee-processing-plant

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12. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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