Global Tea Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

Global Tea Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

The Global Tea Market is forecast to reach US$ 70.45 Billion by 2028, according to Renub Research. Tea has a particular place in the hearts of people all around the globe, adored for its affordability and delectable flavour. It is important in the worldwide beverage sector and is grown in certain areas owing to temperature and soil characteristics. Asia's China, India, and Sri Lanka, as well as African countries like Kenya, Malawi, Rwanda, Tanzania, and Uganda, are major tea producers. Other places, such as South America, the Middle East, and Russia, contribute to tea production as well, but in lower amounts. Global tea output exceeds 6.5 billion tons by 2021.

The wide range of teas available gives tremendous potential for growth. Organic tea, green tea, fruit tea, chamomile tea, white tea, and other distinctive mixes are becoming more popular among consumers. Chamomile tea, for example, is brewed from flowers and has a variety of health advantages, including increased sleep, digestive health, blood sugar management, and heart health. Another herbal favorite is peppermint tea, which has a pleasant flavor from dried peppermint leaves.

Nestlé S.A. has made a noteworthy step toward sustainability by launching a zero-waste initiative to turn tea trash into beneficial fertilizer. This action helps to prevent resource waste, lowers energy emissions, and decreases total waste. Tea waste is a good fertilizer since it contains vital components such as potassium, nitrogen, and phosphorus. The tea industry has enormous development potential, thanks to exciting new kinds and environmental measures, making it a favorite among consumers worldwide.

From 2022 to 2028, the worldwide tea market will rise at a CAGR of 6.15%.

The main tea-producing nations are China, India, Sri Lanka, Kenya, and Indonesia, which account for more than 75% of worldwide tea production and exports. India, the world's second-largest tea producer, plays an important role, producing around 1345 million kilos of tea yearly. It successfully serves both local and export needs, particularly in black tea production. Notably, India is the world's biggest consumer of black tea, accounting for around 18% of overall tea consumption.

Long-term expansion in the global tea industry is expected, driven by rising demand from Asia and the Pacific regions, where incomes are rising. Tea is increasing popularity among young urban customers owing to its health advantages and the availability of numerous tastes and varieties such as ready-to-drink tea, premium tea, herbal blends, and fruit fusions. Green tea demand is expected to overtake black tea consumption in the future. These beneficial elements contribute to the worldwide tea industry's hopeful future, with an expected market value of US$ 49.25 billion by 2022.

Green tea drinking has increased in popularity among consumers as a result of its reputation as a healthy, organic, and plant-based beverage.

The worldwide tea market is divided into numerous categories, including Green Tea, Black Tea, Oolong Tea, fruit or herbal tea, and others. Due to the increased demand for healthy beverages, the green tea market is likely to be the most profitable. Green tea has several health advantages, including assisting in weight reduction, improving digestion, and increasing immunity. It is prepared from the dried leaves of the Camellia sinensis plant and has garnered popularity across the world. Matcha green tea, which is crushed rather than brewed, is a well-known variant. Lipton and Tetley are two of the most well-known green tea brands on the market.

Tea bags have grown in popularity among travelers due to their ease and lack of mess.

Plastic Containers, Loose Tea, Paperboards, Aluminum Tins, Tea Bags, and Others are some of the packaging options available in the worldwide tea industry. The Tea Bag category is growing in popularity owing to convenience and a preference for healthy and organic choices. The premiumization trend, which pushes customers to invest in convenient and organic goods infused with various tastes, is fueling the tea bag industry's growth. However, the desire for loose tea, prized for its superior flavor and scent, offers a challenge to the tea bag business. Nonetheless, tremendous development potential remains as manufacturing businesses engage in technologies such as PLA and paper manufacture, as well as automation, to expedite production and supply. For example, in June 2022, the UK-based Clipper Tea Company increased its product line in the United States with new packaging and flavors, appealing to consumer demands for organic alternatives such as Earl Grey, orange and turmeric, green tea and lemon, winter apple and cinnamon, and winter berries.

The worldwide tea market is seeing strong development in the supermarket and hypermarket channels, owing to the vast product selections offered in these locations.

The worldwide tea market is divided into distribution channels such as supermarkets and hypermarkets, specialty stores, convenience stores, internet stores, and others. Because of the enormous variety of items accessible in these outlets, the supermarket/hypermarket channel is enjoying rapid expansion. Customers now have a more convenient shopping experience thanks to advancements in storage techniques. Investors are focused on purchasing contemporary equipment to ensure that consumers receive high-quality items. The dominance of mass merchandisers such as supermarkets and hypermarkets, on the other hand, is being challenged by the rapid rise of online shopping platforms. These platforms are becoming increasingly popular among organically grown tea consumers due to their large product variety and convenient delivery choices.

India is expected to grow at a significant CAGR during the forecast period.

The worldwide tea market is divided into nations such as the United Kingdom, Turkey, Ireland, Iran, Russia, Morocco, New Zealand, Egypt, Poland, Japan, Chile, Saudi Arabia, South Africa, the Netherlands, Australia, the UAE, Germany, Hong Kong, Ukraine, India, China, and the United States. The tea market in India benefits from a strong tea culture and the commitment of Indian tea aficionados. Consumers in India want greater variety in tea, which has led to the rise of the tea industry. The urban population in India is becoming more health-conscious, while tea has long been known as a stress reliever for the rural population. The fast economic development and increased disposable income of the Indian middle class have driven the tea industry's expansion and spurred innovation. The distribution networks, which include supermarkets and community ""Kirana stores,"" are critical to the wise expansion of India's tea business. India enjoys a prominent place in the worldwide export market as the world's second-largest tea producer. Russia, Iran, the United Arab Emirates, the United States, the United Kingdom, Germany, and China are the top tea-importing nations from India.

Key Company

Unilever, Associated British Foods, Nestle SA, Hain Celestial, McLeod Russel, Asian Tea and Export Ltd, and Tata Consumer Product Ltd are the market leaders in global tea Market.

Renub Research report titled “Global Tea Market” - By Type (Green Tea, Black Tea, Oolong Tea, Herbal Tea and Others Tea), By Packaging (Plastic Container, Loose Tea, Paperboards, Aluminium Tins and Tea Bags), and By Distribution Channel (Supermarkets / Hypermarkets, Specialty Stores, Convenience Stores, Online Stores and Others) By Application (Residential and Commercial) By Country (United States, Chile, United Kingdom, Ireland, Germany, Netherland, Poland, Russia, Turkey, Ukraine, China, India, Japan, Iran, Hong Kong, Australia, New Zealand, Saudi Arabia, UAE, Morocco, Egypt & South Africa) Company Analysis (Unilever, Associated British Foods, Nestle SA, Hain Celestial, McLeod Russel, Asian Tea and Export Ltd, and Tata Consumer Product Ltd) provides an all-encompassing analysis on the global Tea Industry.

Type – This Report covers Market from 5 Viewpoints

1. Green Tea
2. Black Tea
3. Oolong Tea
4. Herbal Tea
5. Others Tea

Packaging – This Report covers Market from 5 Viewpoints

1. Plastic Container
2. Loose Tea
3. Paperboards
4. Aluminium Tins
5. Tea Bags

Distribution Channel – This Report covers Market from 5 Viewpoints

1. Supermarkets/ Hypermarkets
2. Specialty Stores
3. Convenience Stores
4. Online Stores
5. Others

Application – This Report covers Market from 2 Viewpoints

1. Residential
2. Commercial

Country – This Report covers Market have been covered from all the 22 Countries

1. Americas

1.1 United States
1.2 Chile

2. Europe

2.1 United Kingdom
2.2 Ireland
2.3 Germany
2.4 Netherland
2.5 Poland
2.6 Russia
2.7 Turkey
2.8 Ukraine

3. Asia Pacific

3.1 China
3.2 India
3.3 Japan
3.4 Iran
3.5 Hong Kong
3.6 Australia
3.7 New Zealand

4. Middle East & Africa

4.1 Saudi Arabia
4.2 UAE
4.3 Morocco
4.4 Egypt
4.5 South Africa

All the Company Analysis have covered 3 Viewpoints

• Overview
• Recent Development
• Revenue

Company – This Report covers 8 Companies Analysis

1. Unilever
2. Associated British Foods
3. Nestle SA
4. Hain Celestial
5. McleodRussel
6. Asian Tea and Export Ltd.
7. Tata Consumer Product Ltd.
8. Starbucks