Global Tea Market - WishTree Insight

Global tea market by type (black tea, green tea, oolong tea, fruit & herbal tea, and others), by packaging (tea bag, containers, and powder form), by distribution channel (supermarket & hypermarket, convenience stores, online stores, and others) and regions (the Asia pacific, middle east Africa, Europe, North America, and Latin America) - global industry analysis, share, growth, trends, size, and forecast 2021 – 2031

The Global Tea Market size was valued at USD 51.63 billion in 2021 and is expected to surpass USD 81.63 billion by 2031, expanding at a CAGR of 6.3% during the forecast period, 2021–2031. health benefits, low cost, and different flavors are anticipated to uplift the tea market growth.

Introduction

Tea is one of the most popular hot beverages in the world. It is prepared by pouring hot water over the leaves or powder of the tea plant. Tea is a rich source of antioxidants and offers many health benefits. Black tea, green tea, dark tea, and lemon tea are well-known tea forms. Tea gives refreshment and elevates the mood. Consuming tea reduces the risk of stroke & heart attack, maintains bone health, enhances digestion, and boosts immunity. The powerful cell reinforcements and minerals like calcium, magnesium, potassium, and manganese help to boost energy. Standard utilization of tea helps in weight loss, reduces the high-cholesterol level, and decreases cell harm. Due to its antioxidant properties, green tea is a more popular beverage among health-conscious people, pregnant women, and the older population. Oolong tea is a mixture of black and green tea that helps in the prevention of type 2 diabetes and controls high blood cholesterol levels.

Due to its popularity manufacturers are constantly working to improve the quality & taste of their products, and also coming up with new flavors to attract more consumers. Black, green, and herbal teas are popular among consumers present worldwide. At present, tea is manufactured and sold in various forms like loose tea, tea bags, bottled and canned ice tea, ice tea powders, and milk tea powders.

Market Trends, Drivers, Restraints, and Opportunities

• The rising popularity of tea is anticipated to impact the growth of the tea market.
• The health benefits like weight loss, reduction of bad cholesterol, anti-aging, and many others are increasing the product's popularity. Thus, accelerating the market growth.
• Different flavors with related health benefits are anticipated to drive market growth.
• Low cost and convenient usage have accelerated the global tea market.

Scope of the Report

Market Segment Insights

Black tea is expected to expand at a rapid pace

Based on type, the global tea market is divided into black tea, green tea, oolong tea, fruit & herbal tea, and others. The green tea segment is expected to expand at a rapid pace during the forecast period. The health benefits of green tea like weight loss, anti-aging, reducing the formation of free radicals in the body, and protection of cells & atoms from damage. It also elevates the mood, improves brain function and many other benefits are propelling the market growth. However, the black tea segment is also anticipated to hold a key share of the market in the coming years.

Tea Bag is anticipated to expand in the forecast period

Based on packaging, the global tea market is divided into tea bags, containers, and powder forms. The tea bag segment is expected to expand at a rapid pace during the forecast period. The packaging method is environmentally friendly, health safety, and light protective packaging method is expected to expand in the forecast period.

Supermarket & hypermarket is expected to propel the market

Based on distribution channels, the global tea market is divided into supermarkets & hypermarkets, convenience stores, online stores, and others. The supermarket & hypermarket segment is expected to propel the market at a rapid pace during the forecast period. As, they provide a wide range of brands and choices to the customer, and are a one-stop solution for them. However, the online segment is anticipated to hold a key share of the market in the coming years, as the increase in insight into the internet and the use of smartphones for online purchasing allows the consumer to compare different brands with offers.

In terms of regions, the global tea market is classified as the Asia pacific, middle east Africa, Europe, North America, and Latin America. The market of Asia pacific is expected to constitute a vital share of the market during the projected period. The required climatic condition and soil quality to grow good quality tea is found in many countries in the Asia region. Countries like China, India, and Japan have more sales.

Due to the covid-19 pandemic, the Europe region witnessed change during the tea-harvesting season. A country like Turkey and nearby have varieties of flavors. The health benefits have likely to cover market growth in the future.

Competitive Landscape

Key players competing in the global tea market are Davids Tea; Unilever; Forte; Tieguanyin Group; Tata Global Beverages; Nestle; Bamatea; ITO EN Inc; Twinings; The Republic of Tea; China tea; Dilmah Ceylon Tea Company PLC; Barry’s Tea.

FAQs

During the forecast period, what is the CAGR of the market?

The global tea market size was valued at USD 51.63 billion in 2021 and is expected to surpass USD 81.63 billion by 2031, expanding at a CAGR of 6.3% during the forecast period, 2021–2031.

What are the key drivers of the market?

Health benefits, low cost, and different flavors are anticipated to uplift the tea market growth.

Which segment is likely to constitute a key share of the market?

Due to its health benefits, green tea is likely to constitute a key share of the market.

Which region accounted for a large market share?

Asia Pacific region is accounted for a large market key share.