Global Tea Market to Reach USD 118.77 Bn by 2030, Growing at 6.6% CAGR

Tea Market Overview

The total global market for the “ Tea Market” was valued at USD in 2023 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2030. The report analyzed by Maximize Market Research, on the Tea market, covers an extensive regional analysis and competitive landscape.

The market for tea worldwide was estimated to be worth US $75.93 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.6% to reach US $118.77 billion by 2030. Tea comes from the Camellia Sinensis plant and is a pleasant beverage.

It is one of the most consumed drinks in the world. Green and black teas are the most consumed types of tea, however herbal tea is becoming more and more well-liked. Due to the presence of several potent antioxidants and minerals like calcium, magnesium, manganese, and potassium, tea is regarded as a healthful beverage.

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Tea Market Report Scope and Research Methodology

The report on the Tea Market provides a thorough analysis of the market structure and the nature of competition in the market. The Tea Market size was estimated meticulously by using a bottom-up approach to get an understanding of the market growth. Key insights covered in the report include the major drivers of the market at the global level, challenges for future growth, and various opportunities due to technical advancements in the market.

Regional analysis is conducted to provide information on the market leaders in various regions, market penetration, and demographic factors affecting the regional Tea industry. Segment-wise analysis helps gain insights into the core target consumers of the product, and its manufacturers and devise advertising campaigns for the same.

For the competitive analysis of the Tea Market, a competitive matrix is made covering market leaders and new entrants. The report presents an overview of each company along with important takeaways based on the revenue generated, financial health, technological advancements, recent developments, mergers and acquisitions, joint ventures, alliances, and marketing tactics.

Data for the analysis was collected using primary and secondary research methods. A mix of qualitative and quantitative analysis was used in the report. Primary research was used to validate the findings from the secondary research. Research tools such as SWOT, PESTLE, and Porter’s Five Force analysis were used to grasp the factors affecting the growth of the Tea Market. Such analysis makes the report an investor’s guide, thereby helping clients make investment and marketing decisions.

Tea Market Regional Insights

Regional analysis is conducted to assess the status of the Tea market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Tea market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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Tea Market Segmentation :

by Product
Black
Green
Oolong
Herbal

The market is divided into Black, Green, Oolong, and Herbal segments based on the product. By 2030, the Black Tea sector is predicted to command the most market shares at 42.5%. This is because there are more people drinking tea globally.

Because black tea has a high content of antioxidants and polyphenols, it is also a favourite choice among health aficionados. Black tea extract contains the following nutrients: vitamin C, zinc, iron, magnesium, copper, manganese, potassium, fluoride, and calcium. Black tea extract has higher antioxidant content and anti-allergic, anti-viral, and anti-spasmodic properties than green tea.

by Application
Residential
Commercial

by Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
Online

Tea Market Key Players :

North America
1. Rishi Tea and Botanicals
2. Genuine Tea Co.
3. Novel Teas
4. Numi Organic Tea
5. JDE Peet’s
6. Bigelow Tea Company
7. Thaiwala
8. Tea Sparrow

Europe
9. Halssen & Lyon
10. Unilever
11. Ahmad Tea
12. Ecotone
13. Illycaffe
14. Kapchorua Tea
15. Typhoo Tea

APAC
16. Dilmah Tea
17. Basilur Tea
18. The Wellness Group (TWG Tea)
19. Gujarat Tea Processor & Packers Ltd.
20. The Tea Heaven
21. Dhunseri Tea & Industries
22. Amaara Herbs
23. Indong Tea
24. China Tea

ME
25. Limura Tea
26. Rabea Tea
27. Sadaf Tea

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Key questions answered in the Tea Market are:

What is Tea ?
What was the Tea market size in ?
What is the growth rate of the Tea Market?
Which are the factors expected to drive the Tea market growth?
What are the different segments of the Tea Market?
What growth strategies are the players considering to increase their presence in Tea ?
What are the upcoming industry applications and trends for the Tea Market?
What segments are covered in the Tea Market?
Who are the leading companies and what are their portfolios in Tea Market?
What segments are covered in the Tea Market?
Who are the key players in the Tea market?

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Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by Different Segment |
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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