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Report
Global Tea Market Report and Forecast 2023-2028
Market Report I 2023-10-21 I 168 Pages I EMR Inc.
Global Tea Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global tea market reached a value of USD 49.75 billion in 2022. Aided by the widespread cultural significance of tea and its well-acknowledged health benefits, the market is projected to further grow at a CAGR of 6.2% between 2023 and 2028 to reach a value of USD 71.37 billion by 2028.
Tea, derived from the Camellia sinensis plant, is one of the most consumed beverages across the globe. Renowned for its refreshing nature, tea has transcended being just a drink to becoming an integral part of many cultures. Spanning green, black, oolong, and white varieties, tea is prized for its antioxidants, particularly catechins and theaflavins, which have garnered attention for their potential cardiovascular and cognitive health benefits.
The global escalation in health-conscious consumers is significantly fuelling the tea market growth. The increasing recognition of tea's potential in weight management and its ability to improve mental alertness has led to a spurt in its daily consumption. Furthermore, the traditional association of tea with relaxation and mental well-being has been a driving factor, especially amidst modern lifestyles marked by stress and hectic routines.
As per the tea market analysis, culinary innovations around tea have further broadened its appeal. The surge in specialty teas, flavoured varieties, and blends cater to a diverse audience. Notably, the advent of cold brews, tea infusions in cocktails, and fusion beverages like "bubble tea" has amplified its reach among millennials and Gen Z consumers.
The tea market is also observing growth impetus from its extensive application in the wellness and cosmetic industry. Green tea extracts, owing to their anti-inflammatory and antioxidant properties, have found significant usage in skincare products and further adds value to the tea market size. Additionally, tea's potential in enhancing metabolic rate has made it a choice ingredient in weight loss supplements.
This shift towards sustainable production resonates with the increasing popularity of organic tea varieties in the market and propel the tea market demand. Consumers, more informed and conscious of their choices, are showing a willingness to pay a premium for teas that are free from synthetic fertilisers and pesticides and are produced with minimal environmental impact.
Market Segmentation
The market can be divided based on source, type, packaging type, application, distribution channel, and region.
Market Breakup by Source
- Organic
- Conventional
Market Breakup by Type
- Black
- Green
- Oolong
- White
- Others
Market Breakup by Packaging Type
- Plastic Containers
- Loose Tea
- Paper Boards
- Aluminium Tins
- Tea Bag
- Others
Market Breakup by Application
- Residential
- Commercial
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global tea market. Some of the major players explored in the report by Expert Market Research are as follows:
- Unilever Plc
- Associated British Foods Plc
- Tata Consumer Products Limited
- ITO EN, LTD.
- Taiwan Tea Corporation
- Dilmah Ceylon Tea Company PLC.
- Barry's Tea
- SAC Leao
- The Hain Celestial Group, Inc.
- Tenfu's TEA
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Tea Market Analysis
8.1 Key Industry Highlights
8.2 Global Tea Historical Market (2018-2022)
8.3 Global Tea Market Forecast (2023-2028)
8.4 Global Tea Market by Source
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Tea Market by Type
8.5.1 Black
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Green
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Oolong
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 White
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Tea Market by Packaging Type
8.6.1 Plastic Containers
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Loose Tea
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Paper Boards
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Aluminum Tins
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Tea Bag
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Tea Market by Application
8.7.1 Residential
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Commercial
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Tea Market by Distribution Channel
8.8.1 Supermarkets and Hypermarkets
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Convenience Stores
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Specialty Stores
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Online
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Others
8.9 Global Tea Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Tea Market Analysis
9.1 Market by Source
9.2 Market by Type
9.3 Market by Packaging Type
9.4 Market by Application
9.5 Market by Distribution Channel
9.6 Market by Country
9.6.1 United States of America
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Canada
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
10 Europe Tea Market Analysis
10.1 Market by Source
10.2 Market by Type
10.3 Market by Packaging Type
10.4 Market by Application
10.5 Market by Distribution Channel
10.6 Market by Country
10.6.1 United Kingdom
10.6.1.1 Market Share
10.6.1.2 Historical Trend (2018-2022)
10.6.1.3 Forecast Trend (2023-2028)
10.6.2 Germany
10.6.2.1 Market Share
10.6.2.2 Historical Trend (2018-2022)
10.6.2.3 Forecast Trend (2023-2028)
10.6.3 France
10.6.3.1 Market Share
10.6.3.2 Historical Trend (2018-2022)
10.6.3.3 Forecast Trend (2023-2028)
10.6.4 Italy
10.6.4.1 Market Share
10.6.4.2 Historical Trend (2018-2022)
10.6.4.3 Forecast Trend (2023-2028)
10.6.5 Others
11 Asia Pacific Tea Market Analysis
11.1 Market by Source
11.2 Market by Type
11.3 Market by Packaging Type
11.4 Market by Application
11.5 Market by Distribution Channel
11.6 Market by Country
11.6.1 China
11.6.1.1 Market Share
11.6.1.2 Historical Trend (2018-2022)
11.6.1.3 Forecast Trend (2023-2028)
11.6.2 Japan
11.6.2.1 Market Share
11.6.2.2 Historical Trend (2018-2022)
11.6.2.3 Forecast Trend (2023-2028)
11.6.3 India
11.6.3.1 Market Share
11.6.3.2 Historical Trend (2018-2022)
11.6.3.3 Forecast Trend (2023-2028)
11.6.4 ASEAN
11.6.4.1 Market Share
11.6.4.2 Historical Trend (2018-2022)
11.6.4.3 Forecast Trend (2023-2028)
11.6.5 South Korea
11.6.5.1 Market Share
11.6.5.2 Historical Trend (2018-2022)
11.6.5.3 Forecast Trend (2023-2028)
11.6.6 Australia
11.6.6.1 Market Share
11.6.6.2 Historical Trend (2018-2022)
11.6.6.3 Forecast Trend (2023-2028)
11.6.7 Others
12 Latin America Tea Market Analysis
12.1 Market by Source
12.2 Market by Type
12.3 Market by Packaging Type
12.4 Market by Application
12.5 Market by Distribution Channel
12.6 Market by Country
12.6.1 Brazil
12.6.1.1 Market Share
12.6.1.2 Historical Trend (2018-2022)
12.6.1.3 Forecast Trend (2023-2028)
12.6.2 Argentina
12.6.2.1 Market Share
12.6.2.2 Historical Trend (2018-2022)
12.6.2.3 Forecast Trend (2023-2028)
12.6.3 Mexico
12.6.3.1 Market Share
12.6.3.2 Historical Trend (2018-2022)
12.6.3.3 Forecast Trend (2023-2028)
12.6.4 Others
13 Middle East and Africa Tea Market Analysis
13.1 Market by Source
13.2 Market by Type
13.3 Market by Packaging Type
13.4 Market by Application
13.5 Market by Distribution Channel
13.6 Market by Country
13.6.1 Saudi Arabia
13.6.1.1 Market Share
13.6.1.2 Historical Trend (2018-2022)
13.6.1.3 Forecast Trend (2023-2028)
13.6.2 Turkey
13.6.2.1 Market Share
13.6.2.2 Historical Trend (2018-2022)
13.6.2.3 Forecast Trend (2023-2028)
13.6.3 Egypt
13.6.3.1 Market Share
13.6.3.2 Historical Trend (2018-2022)
13.6.3.3 Forecast Trend (2023-2028)
13.6.4 South Africa
13.6.4.1 Market Share
13.6.4.2 Historical Trend (2018-2022)
13.6.4.3 Forecast Trend (2023-2028)
13.6.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porters Five Forces Analysis
14.2.1 Suppliers Power
14.2.2 Buyers Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 0902)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Tea Processing
19 Project Details and Cost Analysis
19.1 Land, Location and Site Development
19.2 Construction
19.3 Plant Layout
19.4 Plant Machinery
19.5 Raw Material Requirement
19.6 Packaging
19.7 Transportation
19.8 Utilities
19.9 Manpower
19.10 Capital Investment
20 Loans and Financial Assistance
21 Project Economics
21.1 Capital Cost of Project
21.2 Techno-Economic Parameters
21.3 Product Pricing and Margins
21.4 Taxation and Depreciation
21.5 Income Projections
21.6 Expenditure Projections
21.7 Financial Analysis
22 Competitive Landscape
22.1 Market Structure
22.2 Company Profiles
22.2.1 Unilever Plc
22.2.1.1 Company Overview
22.2.1.2 Product Portfolio
22.2.1.3 Demographic Reach and Achievements
22.2.1.4 Certifications
22.2.2 Associated British Foods Plc
22.2.2.1 Company Overview
22.2.2.2 Product Portfolio
22.2.2.3 Demographic Reach and Achievements
22.2.2.4 Certifications
22.2.3 Tata Consumer Products Limited
22.2.3.1 Company Overview
22.2.3.2 Product Portfolio
22.2.3.3 Demographic Reach and Achievements
22.2.3.4 Certifications
22.2.4 ITO EN, LTD.
22.2.4.1 Company Overview
22.2.4.2 Product Portfolio
22.2.4.3 Demographic Reach and Achievements
22.2.4.4 Certifications
22.2.5 Taiwan Tea Corporation
22.2.5.1 Company Overview
22.2.5.2 Product Portfolio
22.2.5.3 Demographic Reach and Achievements
22.2.5.4 Certifications
22.2.6 Dilmah Ceylon Tea Company PLC.
22.2.6.1 Company Overview
22.2.6.2 Product Portfolio
22.2.6.3 Demographic Reach and Achievements
22.2.6.4 Certifications
22.2.7 Barrys Tea
22.2.7.1 Company Overview
22.2.7.2 Product Portfolio
22.2.7.3 Demographic Reach and Achievements
22.2.7.4 Certifications
22.2.8 SAC Leao
22.2.8.1 Company Overview
22.2.8.2 Product Portfolio
22.2.8.3 Demographic Reach and Achievements
22.2.8.4 Certifications
22.2.9 The Hain Celestial Group, Inc.
22.2.9.1 Company Overview
22.2.9.2 Product Portfolio
22.2.9.3 Demographic Reach and Achievements
22.2.9.4 Certifications
22.2.10 Tenfu's TEA
22.2.10.1 Company Overview
22.2.10.2 Product Portfolio
22.2.10.3 Demographic Reach and Achievements
22.2.10.4 Certifications
22.2.11 Others
23 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Tea Market: Key Industry Highlights, 2018 and 2032
2. Global Tea Historical Market: Breakup by Source (KMT), 2018-2022
3. Global Tea Market Forecast: Breakup by Source (KMT), 2023-2028
4. Global Tea Historical Market: Breakup by Type (KMT), 2018-2022
5. Global Tea Market Forecast: Breakup by Type (KMT), 2023-2028
6. Global Tea Historical Market: Breakup by Packaging Type (KMT), 2018-2022
7. Global Tea Market Forecast: Breakup by Packaging Type (KMT), 2023-2028
8. Global Tea Historical Market: Breakup by Application (KMT), 2018-2022
9. Global Tea Market Forecast: Breakup by Application (KMT), 2023-2028
10. Global Tea Historical Market: Breakup by Distribution Channel (KMT), 2018-2022
11. Global Tea Market Forecast: Breakup by Distribution Channel (KMT), 2023-2028
12. Global Tea Historical Market: Breakup by Region (KMT), 2018-2022
13. Global Tea Market Forecast: Breakup by Region (KMT), 2023-2028
14. North America Tea Historical Market: Breakup by Country (KMT), 2018-2022
15. North America Tea Market Forecast: Breakup by Country (KMT), 2023-2028
16. Europe Tea Historical Market: Breakup by Country (KMT), 2018-2022
17. Europe Tea Market Forecast: Breakup by Country (KMT), 2023-2028
18. Asia Pacific Tea Historical Market: Breakup by Country (KMT), 2018-2022
19. Asia Pacific Tea Market Forecast: Breakup by Country (KMT), 2023-2028
20. Latin America Tea Historical Market: Breakup by Country (KMT), 2018-2022
21. Latin America Tea Market Forecast: Breakup by Country (KMT), 2023-2028
22. Middle East and Africa Tea Historical Market: Breakup by Country (KMT), 2018-2022
23. Middle East and Africa Tea Market Forecast: Breakup by Country (KMT), 2023-2028
24. Major Importing Countries by Volume
25. Major Exporting Countries by Volume
26. Major Importing Countries by Value
27. Major Exporting Countries by Value
28. Global Tea Market Structure
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