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 an aromatic beverage, usually prepared by pouring hot or boiling water over cured leaves of Camellia sinensis, an evergreen shrub native to Asian countries. 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. Consumption of tea helps increase mental alertness as well as protects the heart and other organs of the human body due to which there is a growing demand for tea worldwide.
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Green tea helps in enhancing fitness and appearance, improving the immune system, and lowering blood sugar level. Consuming tea gives a mental boost and improves concentration owing to the polyphenol catechins content in tea, which is a powerful antioxidant.
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 based on form has been segmented into powder, leaves, 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 North America has further been segmented into the US, Canada, and Mexico. The European tea market has been segmented into the UK, Germany, France, Italy, Spain, and Rest of Europe. 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.
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. The US population prefers iced tea over hot tea due to the taste and convenience. US consumers are also inclined towards ready-to-drink products, thereby, contributing more to the global tea market. Browse the market data and information spread across 110 pages with 93 data tables and 12 figures of the report “Tea market segmentation form packaging type distribution channel forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/tea-market-2155
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.
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