Tea market by Application Industry Outlook Sources Forecast to 2023

By | November 22, 2018

The global tea market is expected to grow significantly during the forecast period owing to the high health benefits of and demand for flavored tea. Tea is gaining huge demand among consumers due to the various types available, such as black, white, green, and oolong, which are different from each other in terms of processing methods.Tea is an aromatic beverage, usually prepared by pouring hot or boiling water over cured leaves of Camellia sinensis, an evergreen shrub native to Asian countries. Consuming tea gives a mental boost and improves concentration owing to the polyphenol catechins content in tea, which is a powerful antioxidant. Green tea helps in enhancing fitness and appearance, improving the immune system, and lowering blood sugar level.

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Segmentation Analysis

The global tea market has been segmented into type, form, packaging type, distribution channel, and region. The market based on type has been segmented into black, white, green, oolong, and others. The market has been segmented by packaging type into tea bags, bottles, cans, pouches, and others. The market has been segmented by distribution channel into store based and non-store based. The market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World. The tea market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and Rest of Asia-Pacific. The tea market in Rest of the World has been segmented into South America, the Middle East, and Africa.

Key Players and Competition Analysis

Tata Global Beverages (India), Unilever (The Netherlands), Associated British Foods plc (UK), Taetea (China), Nestlé (Switzerland), Barry’s Tea (Ireland), Apeejay Surrendra Group (India), Bettys & Taylors Group Ltd. (UK), McLeod Russel (India), and ITO EN Inc. (US) are some of the key players in the global tea market.

Regional Analysis

Globally, Asia-Pacific dominates the global tea market owing to the increasing awareness about health benefits of tea such as weight loss effects on the human body and high demand for hot beverages in this region. China is expected to be the largest tea consuming country in the world due to rising health concerns among consumers, and rising disposable incomes. North America is expected to be the fastest growing region in the tea market owing to the taste and variety of teas offered by tea manufacturers. Browse the market data and information spread across 110 pages with 93 data tables and 12 figures of the report “Tea market by Application Industry Outlook Sources Forecast to 2023” in-depth alongside table of content (TOC) at:  https://www.marketresearchfuture.com/reports/tea-market-2155

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