Tea Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR40978
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The tea market has the potential to grow by USD 16.20 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.19%.

This tea market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (black tea, green tea, and others) and geography (APAC, Europe, North America, South America, and MEA). The tea market report also offers information on several market vendors, including Associated British Foods Plc, Barrys Tea, Bigelow Tea Co., ITO EN Ltd., Nestle SA, Numi Inc. PBC, The Hain Celestial Group Inc., The Republic of Tea, and Unilever Group among others.

What will the Tea Market Size be in 2021?

Tea-Market-Market-Size-2020-2025

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Tea Market: Key Drivers and Trends

The functional benefits of tea is notably driving the tea market growth, although factors such as the impact of overconsumption of tea may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the tea industry get your FREE report sample now.

  • Health benefits associated with tea will be a major factor fueling the demand for tea during the forecast period. 
  • White tea contains antioxidants that can prevent several diseases like cancer and degenerative diseases. It also helps in protecting the body from damage due to pollution.
  • Green tea naturally possesses less caffeine than coffee. Green tea helps in reducing the risk of stroke and heart attack: The consumption of green tea lowers the level of Low-density lipoprotein (LDL) cholesterol, thereby reducing the risk of heart attack and stroke.
  • The consumption of herbal tea can be good for people with irritable bowel syndrome because it is antispasmodic. 
  • The rapid rise in consumption of green tea will fuel the growth of the tea market size.
  • In Europe, the consumption of black tea is declining, and the consumption of green tea is rapidly growing due to its functional benefits.
  • Another major factor that is boosting the consumption of green tea is the introduction of matcha green tea powder, which is a key sub-segment of the green tea segment.
  • The consumption of matcha green tea helps in boosting the metabolism rate. It also acts as a detoxifier.
  • Vendors are constantly launching new products to cater to the increasing demand for matcha green tea. 

This tea market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Tea Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Associated British Foods Plc
  • Barrys Tea
  • Bigelow Tea Co.
  • ITO EN Ltd.
  • Nestle SA
  • Numi Inc. PBC
  • The Hain Celestial Group Inc.
  • The Republic of Tea
  • Unilever Group

 

The tea market is fragmented and the vendors are deploying growth strategies such as focusing on the quality of the product to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the tea market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Tea Market?

Tea-Market-Market-Share-by-Region-2020-2025

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61% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for tea in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increase in consumption of tea will facilitate the tea market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Tea Market?

Tea-Market-Market-Share-by-Product-2020-2025

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The tea market share growth by the black tea segment will be significant during the forecast period. The strong demand for black tea in countries such as Turkey, Saudi Arabia, Iran, and the UK is expected to be a major driving factor for the market during the forecast period. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the tea market size.

 

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What are the Key Factors Covered in this Tea Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive tea market growth during the next five years
  • Precise estimation of the tea market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the tea industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tea market vendors

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Tea Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.19%

Market growth 2021-2025

$ 16.20 billion

Market structure

Fragmented

YoY growth (%)

4.05

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 61%

Key consumer countries

China, Japan, India, US, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Associated British Foods Plc, Barrys Tea, Bigelow Tea Co., ITO EN Ltd., Nestle SA, Numi Inc. PBC, The Hain Celestial Group Inc., The Republic of Tea, and Unilever Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The tea market growth will increase by $13.24 billion during 2019-2024.
The tea market is expected to grow at a CAGR of 4.56% during 2019-2024.
Technavio has segmented the tea market by product (Black tea, Green tea, and Others) ,application (Mobile computing devices, Consumer electronics, Automotive, Industrial automation, and Others) , and geographic (APAC, Europe, North America, and South America).
Arteasans Beverages LLC, Associated British Foods Plc, ITO EN Ltd., Nestlé SA, Numi Inc., Starbucks Corp., Tata Global Beverages, The Hain Celestial Group Inc., The Republic of Tea, Unilever Group are a few of the key vendors in the tea market.
APAC will register the highest growth rate of 60.79% among the other regions. Therefore, the tea market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • Japan
  • India
  • Germany
The key factors driving the tea market growth are:
  • New product launches
  • Proliferation of wireless technologies
The tea market vendors should focus on grabbing business opportunities from the black tea segment as it accounted for the largest market share in the base year.
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