Green Tea Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Green Tea Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Green Tea Market

The green tea market size was valued at USD 12.80 billion in 2023, and the market is now projected to grow to 35.27 USD billion by 2032, exhibiting a CAGR of 8.13% during the forecast period of 2023-2030.

This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to this domain. Therefore, a small influence from COVID-19 is anticipated on this specific market. A sudden disruption in the global supply chain of different kinds of teas has been caused by the COVID-19 epidemic. Trade activities have been disrupted by nationwide lockdowns in several nations, which has hindered the expansion of the green tea business. These factors affected the green tea market growth.

This is the major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. A lot of growth has been observed in the recent times because of this particular factor that contributed and aslo acted as a catalyst to the overall development of the product market. This has ultimately outraged the sales and demand for this particular market growth and prosperity. High levels of antioxidants included in green tea aid to promote regular bodily functioning and slow down the aging of cells and tissues. The market is expanding due to the rising demand for nutrient-enriched beverages, which lower the risk of certain illnesses. These particular growth driving factors have been recorded to attribute the green tea market share.

A latest trend has been witnessed to proliferate the market growth. This particular trend has been recorded to be the most profiting trends that have been upgraded to augment the overall market growth. The market is growing mostly due to the trend of choosing nutrient-rich foods and beverages to maintain general health and wellness. In order to reduce the likelihood of developing health disorders linked to their lifestyle, customers have recently changed their purchasing habits to favor items that are high in functional components. A lot of specifications have been made to this particular product which has benefited the market growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.

Comprehensive Analysis of Green Tea Market

The market for green tea is divided into ready-to-drink tea, loose leaf powder, tea bags, and capsules and tablets based on form. The green tea market is divided into flavored and unflavored varieties based on flavor. The market is divided into specialty shops, convenience stores, supermarkets/hypermarkets, and internet retail based on the distribution channels.

This particular region has augmented a lot in the past few years in this particular product market. This specific region held the biggest revenue share. North America has enormous potential for the tea business and is the region with the fastest-growing market share for green tea. This particular region is actually growing a lot and is anticipated to augment more over the years. The industry has grown mostly because to consumers' growing awareness of its health benefits and their increased disposable income in nations like India. This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue.

Global markets are fiercely competitive and highly fragmented. Due to their creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Associated British Foods plc (U.K.), Unilever plc (U.K.), Tata Consumer Products Limited (India), The Bigelow Tea Company (U.S.), East West Tea Company, LLC (U.S.), and Numi, Inc. (U.S.).

In October 2021, This particular company has attributed the market growth in terms of revenue and shares system. Snapple and Core, two of Keurig Dr. Pepper, Inc.'s ready-to-drink green tea brands, now come in only 100% recycled plastic bottles. This particular development and investment the global market has been recorded to be a boon for the market growth.

Segmentation Table

ATTRIBUTES DETAILS

Study Period 2016-2027

CAGR 8.0% (2020-2027)

Revenue Forecast in 2027 USD 23.66 Billion

Base Year 2019

Forecast Period 2020-2027

Historical Period 2016-2018

Unit Value (USD billion)

Segmentation By Form

Tea Bags

Loose Leaves

Loose Powder

Ready-to-drink

Capsules & Tables

Flavour

Flavoured

Unflavoured

Distribution Channel

Supermarkets/Hypermarkets

Convenience Stores

Specialty Stores

Online Retail

Geography

North America (Form, Flavor, Distribution Channel, and Country)

U.S. (By Flavour)

Canada (By Flavour)

Mexico (By Flavour)

Europe (Form, Flavor, Distribution Channel, and Country)

U.K. (By Flavour)

Germany (By Flavour)

France (By Flavour)

Italy (By Flavour)

Spain (By Flavour)

Netherland (By Flavour)

Rest of Europe (By Flavour)

Asia-Pacific (Form, Flavor, Distribution Channel, and Country)

Japan (By Flavour)

China (By Flavour)

India (By Flavour)

Australia (By Flavour)

Rest of AsiaPacific (By Flavour)

South America (Form, Flavor, Distribution Channel, and Country)

Brazil (By Flavour)

Argentina (By Flavour)

Rest of South America (By Flavour)

The Middle East & Africa (Form, Flavor, Distribution Channel, and Country)

South Africa (By Flavour)

UAE (By Flavour)

Rest of the Middle East & Africa (By Flavour)