Global Tea Market 2024-2028

Global Tea Market 2024-2028

The tea market is forecasted to grow by USD 19.34 bn during 2023-2028, accelerating at a CAGR of 5.6% during the forecast period. The report on the tea market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by functional benefits of tea increasing its growth, rapid rise in consumption of green tea, and growing demand for organic tea products.

Technavio's tea market is segmented as below:

By Distribution Channel

• Offline
• Online

By Product

• Black tea
• Green tea
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the new product launches as one of the prime reasons driving the tea market growth during the next few years. Also, growing popularity of purple tea and the premiumization of tea products will lead to sizable demand in the market.

The report on the tea market covers the following areas:

• Tea market sizing
• Tea market forecast
• Tea market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tea market vendors that include ACIL, Akbar Brothers Pvt. Ltd., Apeejay Surrendra Group, Associated British Foods Plc, Barrys Tea, Fukujuen Co. Ltd., Godrej and Boyce Manufacturing Co. Ltd., Harney and Sons Fine Teas, ITO EN Ltd., LIPTON Teas and Infusions, M.M.Ispahani LTD., Mighty Leaf Tea Canada, Nestle SA, Numi Inc., Senchasou.co ltd., Tata Consumer Products Ltd., The Hain Celestial Group Inc., The Republic of Tea Inc., Williamson Magor and Co. Ltd., and Yunnan Dayi Tea Industry Group Co. Ltd.. Also, the tea market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.