Tea Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Tea Market.
The global tea market size was valued at USD 55,144 million in 2019, and is projected to reach a CAGR of 7.6% to 2028.
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Tea is an aromatic beverage derived from Camellia Sinensis plant. It is one of the most consumed beverages in the world. Black tea and green tea are the most popular tea while herbal tea is gaining popularity.
Tea is considered a healthy beverage owing to presence of a number of potent antioxidants, and minerals such as potassium, manganese, magnesium, & calcium. Regular consumption of tea helps reduce cell damage caused due to free radicals as well as lowers cholesterol levels and facilitates healthy weight loss
Regional Analysis
Asia-Pacific and Europe are the most prominent regional market. This can be attributed high consumption and production of tea in the region. China is expected to grow with the highest CAGR throughout the forecast period, owing to the prevalence of tea culture.
Key Players of Tea Market
· British Foods Plc.
· Barry's Tea Limited
· Hain Celestial Group, Inc
· ITO EN, Ltd.
· Mcleod Russel India Limited
· Nestle S.A.
· TaeTea
· Tata Global Beverages
· The Republic of Tea, Inc.
· Unilever Group. And More
Recent Developments
April 01, 2021 -- The Republic of Tea, leading purveyor of premium teas and herbs, is proud to introduce the latest addition to its innovative and delicious Beautifying Botanicals® collection: Beauty Brain, an herbal tea for radiant skin and mind. This multiple-function, caffeine-free tea contains a proprietary blend of botanicals known for their beneficial antioxidants, along with unique herbs that can help support cognitive health.
12 November 2021, Tata Consumer Products Limited (“TCPL”) announced today that it has signed definitive agreements to acquire 100% equity shares of Tata SmartFoodz Limited (“TSFL”) from Tata Industries Limited, for a cash consideration of Rs 395 Cr. This move is consistent with TCPL’s strategic intent to expand into value added categories.
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