Tea is an aromatic beverage generally prepared by pouring boiling water over tea leaves or by boiling tea leaf/powder along with sugar and milk as per consumer’s preference. Globally, increasing demand for hot beverages is expected to boost the demand for tea by 6% which has started since 2016 and is expected to continue till 2022. People usually consume tea on daily basis during breakfast and evening snacks. Moreover, huge employment opportunities created by the tea industry which includes tea plantation, tea processing units etc. and the growing demand of green tea which is consumed for weight loss, beauty & skin treatments is estimated to fuel the growth of the tea market in the future.
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Objectives of Tea Market:
Deep dive study of market segments and sub-segments to estimate and forecast market size by packaging, type, form, distribution channel and region. Studying market dynamics including trends in supply and demand of tea product. Doing the region level market analysis and forecast of the market in following regions which includes North America, Europe, Asia and other parts of the world. Analyzing critical stages of value chain and supply chain of tea product Understanding the competitive structure of the market as well as product status of the same. Doing detail competitive strategy analysis about key stakeholders in the market Analysis of past market trends and technologies along with current government regulatory requirements
The global tea market is segmented into these following regions North America, Europe, and Asia Pacific along with rest of the world (Row). Among these Asia Pacific region is dominating the tea market followed by Europe. Growing popularity of hot beverages globally is driving the demand of tea. Increasing globalization and awareness about health benefits of various types of tea is increasing in countries like India and China which has contributed in the global demand of tea.
Key Players and Competition Analysis
Key players in the tea market are Lipton (U.K.), Tetley (England), Twinings (U.K.), Tata Tea Limited (India), Typhoo (U.K.), Wissotzky Tea (Israel), Akbar Tea (Sri Lanka), and Nestle (Switzerland)
Tea market has been segmented on the basis of following things. Packaging which comprises of loose, tea-bag, instant, bottled & canned, and others. Type is segmented into black tea, white tea, green tea, flowering tea, oolong tea, herbal & fruit tea, decaf tea and others. Form is segmented into powder, leaf and others. Distribution channel consists of retailers, supermarkets, e-commerce and others.
The global tea market is segmented into these following regions North America, Europe, and Asia Pacific along with rest of the world (RoW). Among these Asia Pacific region is dominating the tea market followed by Europe. Growing popularity of hot beverages globally is driving the demand of tea. Increasing globalization and awareness about health benefits of various types of tea is increasing in countries like India and China which has contributed in the global demand of tea. in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/tea-market-2155
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