Tea Market | Industry Analysis, Growth, Price, Report, Trends and Forecast 2020-2027

Japan, Japan, Fri, 16 Jul 2021 00:53:37 / Comserve Inc. / -- Associated British Foods Plc., Barry's Tea Limited, Hain Celestial Group, Inc., ITO EN, Ltd., McLeod Russel, Nestlé S.A., Taetea Group, Tata Global beverages, The Republic of Tea, Inc., Unilever Group

According to Research Dive analysis, the global tea market is estimated to generate a revenue of $67,920.8 million by 2028, increasing from $54,322.1 million in 2020, at a healthy CAGR of 6.6%

Impact Analysis of COVID-19 on the Global Tea Market:

The global tea market experienced a negative impact due to disruption of labor, complete shutdown of hypermarkets/supermarkets, retail stores, and manufacturing factories. The restrictions on import-export has negatively affected the revenue and demand for tea globally. For instance, in India due to national lockdown the first flush harvests of tea were completely destroyed in the major tea producing states such as Darjeeling and Assam. This first flush generates 40% of total annual revenue resulting in heavy losses. The livelihood of these tea producers was greatly affected during pandemic. In addition, Turkey, the fifth largest tea producer and consumer in the world that usually influx labors from Azerbaijan and Georgia for harvesting tea has faced negative impact during pandemic due to border closure and much of the tea was not harvested. All these factors have led to negative impact on the global tea market.

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The companies involved in the global tea market are Associated British Foods Plc., Barry's Tea Limited, Hain Celestial Group, Inc., ITO EN, Ltd., McLeod Russel, Nestlé S.A., Taetea Group, Tata Global beverages, The Republic of Tea, Inc., Unilever Group

Tea Market Analysis:

The global tea market experienced appreciable growth due to increase in awareness regarding health benefits offered by tea. Tea is rich in antioxidants which is known to slow down the onset and risk of heart diseases. Tea consumption also provides refreshment to the body after long day in office or after exercise. Tea is rich in fluoride that prevents tooth decay and gum disease by fighting against bacteria. In addition, various scientific studies have shown that tea consumption elevates the calorie burning process that helps in weight loss. The green tea helps in improving the insulin sensitivity that is known to reduce complications due to diabetes. Black tea contains antioxidants namely aflavins and arubignis, known to reduce the level of bad cholesterol and lower the risk of high blood sugar. As per the research published in ScienceDaily, the latest research news by National University of Singapore, on September 12, 2020, the regular tea drinkers have better organized brain regions that improves the brain health. Also, it helps in elevating mood and preventing the risk of cardiovascular disease. Thus, the health benefits associated with tea are anticipated to drive the overall market growth during the analysis period.

There is volatility in raw material prices as tea industry is highly labor-intensive and crop yield declines with ageing plantations. The plant age and soil conditions affect the crop yield and its quality. All these factors are anticipated to create a negative impact on the tea market growth during the analysis period.

The tea industry is growing rapidly owing to availability of various tea flavors and decline in demand for carbonated drinks. The availability of different tea flavors is anticipated to create huge growth opportunities in the market. For instance, Tea Forté, the American company that provides exceptional tea experience has launched various tea flavors under herbal tea, black tea, green tea, ooling tea, white tea, and others. The various flavors available under herbal tea are wild berry hibiscus tea, winter chai tea, strawberry apple, and others. The various flavors available under white tea are white ambrosia, white ginger pear, vanilla pear tea, pear cobbler, and others. The various flavors under black tea are vanilla veda chai, vanilla peach, sweet orange spice tea, rum raisin biscotti, and others. In addition, decline in demand for carbonated drinks owing to its high sugary content that can cause type 2 diabetes, weight gain, tooth decay, and reduced bone strength. All these factors are predicted to generate huge opportunities for the growth of tea market during the forecast period.

Based on type, the global market for tea is divided into green tea, black tea, oolong tea, fruit/herbal tea, and others. The black tea sub-segment is projected to have the fastest market growth and generate a revenue of $24,368.3 million by 2028.

Based on packaging, the market is classified into plastic containers, loose tea, paperboards, aluminum tins, and tea bags. The paperboards sub-segment garnered $20,631.9 million in 2020 and it is projected to grow exponentially by 2028.

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Table of Content

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Type trends
2.3.Packaging trends
2.4.Distribution channel trends
2.5.Application trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter's five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.Tea Market, by Type

4.1.Green Tea

4.1.1.Market size and forecast, by region, 2020-2028
4.1.2.Comparative market share analysis, 2020 & 2028

4.2.Black Tea

4.2.1.Market size and forecast, by region, 2020-2028
4.2.2.Comparative market share analysis, 2020 & 2028

4.3.Oolong Tea

4.3.1.Market size and forecast, by region, 2020-2028
4.3.2.Comparative market share analysis, 2020 & 2028

4.4.Fruit/Herbal Tea

4.4.1.Market size and forecast, by region, 2020-2028
4.4.2.Comparative market share analysis, 2020 & 2028

4.5.Others

4.5.1.Market size and forecast, by region, 2020-2028
4.5.2.Comparative market share analysis, 2020 & 2028

5.Tea Market, by Packaging

5.1.Plastic Containers

5.1.1.Market size and forecast, by region, 2020-2028
5.1.2.Comparative market share analysis, 2020 & 2028

5.2.Loose Tea

5.2.1.Market size and forecast, by region, 2020-2028
5.2.2.Comparative market share analysis, 2020 & 2028

5.3.Paperboards

5.3.1.Market size and forecast, by region, 2020-2028
5.3.2.Comparative market share analysis, 2020 & 2028

5.4.Aluminum Tins

5.4.1.Market size and forecast, by region, 2020-2028
5.4.2.Comparative market share analysis, 2020 & 2028

5.5.Tea Bags

5.5.1.Market size and forecast, by region, 2020-2028
5.5.2.Comparative market share analysis, 2020 & 2028

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