Tea Market - Industry Research Report, 2023

1. GlobalTea Market To Reach At $67,751 Million By 2023 | CAGR 5.5% Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2017-2023

2. Tea Market Overview: Global Tea Market was valued at $46,392 million in 2016, and is projected to reach at $67,751 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023. Tea is globally the most popular beverage obtained from Camellia sinensis plant leaves. It is known to be originated in China, and is majorly grown in four countries, China, India, Kenya, and Sri Lanka. It offers various health benefits owing to presence of polyphenols working as antioxidants, vitamins, trace minerals, and different amino acids resulting in stronger immunity, lower cholesterol, increased metabolism, prevention of cancer, and more. In addition, presence of small amount of caffeine makes tea a mild stimulant preventing fatigue. Major population consuming tea has developed it as a habit, subsequently contributing in the growth of the tea market. Request Sample Report: The global tea market is majorly driven by the health benefits associated with consuming tea and increase in awareness related to carbonated drinks among people. Moreover, increase in caf culture, rise in disposable income, change in tastes of people, and introduction of additional healthy ingredients in tea by different market players are the other factors that fuel the market growth.

3. Tea Market

4. Global Tea Market, By Geography Asia-Pacific dominated the, registering the highest CAGR of around 6.0% in the global tea market due to high demand in China and India. It also. North America witnessed the second highest growth rate owing to rise in demand of tea. The Canada tea market was valued at $606 million in 2016, and is expected to reach $838 million by 2023, registering a CAGR of 4.7% during the forecast period.

5. Key Benefits For Stakeholders • This report provides an extensive analysis of the current trends and emerging estimations & dynamics of the global tea market. Comprehensive analysis of factors that drive and restrict the growth of the market is provided. Detailed analysis of the industry based on the type and distribution channel help understand the trending product type and other potential variants. Porters Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network. Extensive analysis of the market is conducted by following key product positioning and monitoring of top players within the market framework. • • • •

6. Tea Market Key Segments: By Packaging By Type By Distribution Channel By Application • Green Tea • Black Tea • Oolong Tea • Herbal/Fruit Tea • Others (White Tea, Dark Tea, and Yellow Tea) • Plastic Containers • Loose Tea (Packets & Pouches) • Paper Boards • Aluminum Tin • Tea Bags • Supermarkets/H ypermarkets • Specialty Stores • Convenience Stores • Online Stores • Others • Residential • Commercial

7. By Geography • • North America o U.S. o Canada o Mexico Europe o UK o Germany o France o Italy o Spain o Russia o Rest of the Europe Asia-Pacific o China o India o Japan o Korea o Australia o Pakistan o Rest of the Asia-Pacific LAMEA o Brazil o South Africa o Turkey o KSA o Egypt o Rest of the LAMEA • •

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