Global Tea Market By Product Overview
Introduction:
Tea is an aromatic beverage widely consumed by individuals and prepared by infusion process by adding Camellia sinensis into boiling water. Tea comprises polyphenols, alkaloids such as caffeine, theophylline, theobromine, amino acids, carbohydrates, proteins, chlorophyll, and volatile organic compounds. Tea can boost mood, improve focus, and give mental health benefits such as depression and dementia. There are various pros and cons of tea, while numerous research shows tea may boost the immune system, fight off inflammation, and even ward off cancer and heart disease. Though moderate intake is healthy for some people, drinking too many leads to adverse side effects, such as anxiety, headaches, digestive issues, and disrupted sleep patterns. Various types of tea are manufactured, such as oolong, green, black, and Ilex tea depending on the post-harvest treatment and palatability of a particular region. Green Tea is often touted as the healthiest tea. The global tea market accounted for US$ 58.5 billion in 2020 and is estimated to be US$ 109.75 billion by 2030 and is anticipated to register a CAGR of 6.6%.
Global Tea Market By Product Dynamics
Rising health concern
Tea acts as a stimulating agent and improves mental and physical health, increasing demand for tea across the globe and is a factor driving the tea market. In addition, tea has excellent properties such as ant-cariogenic, anti-microbial, anti-inflammatory, and anti-oxidant, propelling the target market. Furthermore, green tea helps reduce the risk associated with breast cancer, which fuels the tea market. Moreover, rising consumption of ready-to-drink iced teas is boosting the target market. Growing individuals’ preference towards iced tea as a healthy alternative due to its antioxidant and natural content is expected to boost the tea market. Also, increasing attraction for flavored drinks among individuals, coupled with rising innovation of products by manufacturers to attract customers and expand their customer base, are promoting the target market.
However, increasing consumption of coffee may restrain the tea market.
Global Tea Market By Product Segmentation
The tea market is segmented based on product type, distribution channel, and region.
Based on product type, the target market is bifurcated into black tea, green tea, fermented tea, herbal tea, and others. Based on distribution channels, the global tea market is bifurcated into hypermarkets/supermarkets, specialist retailers, convenience stores, food service channels, and others.
Regional Insights:
The tea market accounted for US$ 58.5 billion in 2020 and is estimated to be US$ 109.75 billion by 2030 and is anticipated to register a CAGR of 6.6%. The tea market is segmented into regions into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific tea market is expected to account for a significant share in terms of revenue in the global tea market over the forecast period. This can be attributed to rising awareness regarding the health benefits of tea among individuals. Tea has excellent anti-aging properties, increasing demand for tea in countries such as India and China. For instance, according to data published by Tea Data Board India, India recorded the highest-ever tea production during 2015-16; exports breached the 230 million kgs mark. Further, according to data from ITC (International Tea Committee) in January 2018, the U.S. remains the third largest tea importer after Russia.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Product Type- Black Tea, Green Tea, Fermented Tea, Herbal Tea, and Others By Distribution Channel– Hypermarkets/Supermarkets, Specialty Retailers, Convenience Stores, Foodservice Channels, and Others. |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global tea market report based on product type, distribution channel and region.
Tea Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- U.S.
- Canada
- Middle East & Africa
Global Tea Market By Product Key Players
The key players operating in the tea market includes Starbucks Corporation, Twining Crosfield and Company Ltd, Tata Global Beverages Limited, Unilever PLC, Orientis Gourmet SAS, Ito En, Ltd, Associated British Foods Plc, Wissotzky Tea (Israel) Ltd., Starbucks Corporation, and Nestlé S.A.
Global Tea Market By Product Company Profile
- Starbucks Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Twining Crosfield and Company Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Tata Global Beverages Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Unilever PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Orientis Gourmet SAS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Ito En, Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Associated British Foods Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Wissotzky Tea (Israel) Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Starbucks Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Nestlé S.A
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
Global Tea Market By Product Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Black tea
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Green tea
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Fermented tea
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Herbal tea
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Distribution Channel, Forecast Period up to 10 Years, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Hypermarket/Supermarket
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Specialist Retailers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Convenience Stores
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Foodservice Channels
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Market, By Region, Forecast Period up to 10 Years, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Starbucks Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Twining Crosfield and Company Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Tata Global Beverages Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Unilever PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Orientis Gourmet SAS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Ito En, Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Associated British Foods Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Wissotzky Tea (Israel) Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Starbucks Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Nestlé S.A
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Starbucks Corporation
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The Global Tea Market is segmented into product type, distribution channel, and region.
The Global Tea Market is growing due to rising demand for composites, which help to improve the strength and stiffness of structural components such as nacelles and blades.
By region, Asia Pacific tea market is expected to account for major share in terms of revenue in the global tea market over the forecast period followed by other regions.
The Key players operating in the Global Tea Market include Starbucks Corporation, Twining Crosfield and Company Ltd, Tata Global Beverages Limited, Unilever PLC, Orientis Gourmet SAS, Unilever Overseas Holdings Limited, Associated British Foods Plc, Wissotzky Tea (Israel) Ltd., Starbucks Corporation, and Nestlé S.A.