Global Tea Market Growth factors, Size, Share, Trends, Top Key Players Analysis 2013-2017, Forecast 2018-2024

15/giu/2018 15:38:42 Rajesh Contatta l'autore

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Global Tea Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024


Market Outline: Tea Market

Tea is an aromatic beverage which is usually prepared by infusing the dried crushed leaves of the tea plant in boiling water. Various types of tea available in various tastes and flavors. It is one of the frequently consumed beverage all across the world. It has flavonoids, antioxidants, and phytochemicals, which enhance the functioning of human body.


Market Dynamics: Tea Market

Increase in the consumer-base is the major factor influencing the growth of the tea market. Growing awareness among the people regarding the health benefits associated with the consumption of tea is anticipated to drive the growth of the market. The introduction of various flavors such as mint flavor, chocolate flavor, lemon flavor etc. is attributed for the growth of the tea market. The advent of instant or ready-to-drink tea, which is adding fuel for the growth of the tea market. However, the high cost of the raw materials and increasing cost of the agriculture inputs may hinder the growth of the tea market.


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Market Scope: Tea Market

Tea market is segmented based on the product type, packaging, and distribution channel

Based on the product type, the market is segmented into the following:

• Fruit/Herbal Tea

• Black Tea

• Green Tea

• Instant Tea

• Others

Based on the packaging, the market is segmented into the following:

• Loose Tea

• Tea Bags

• Aluminum Tin

• Plastic Containers

• Paper Boards

Based on the distribution channel, the market is segmented into the following:

• Supermarkets/Hypermarkets

• Convenience Stores

• Online Stores

• Others


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Regional Analysis:  Tea Market

Geographically, global tea market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific Tea market to keep the top spot in the global tea market. China contributes the largest share in the region of Asia Pacific. Owing to the presence of higher consumer-base, China tea market tops the position in Asia Pacific region. In China tea is also used as medical drink due to the presence of various herbal properties. The herbal tea in China is typically black or dark brown in color. North America follows the Asia Pacific in the global Tea market. Bottled tea accounted as the fastest growing tea format in the region of North America. The Europe tea market is expected to grow at significant rate over the forecast period.


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Competition Assessment: Tea Market 

Some of the players in the global Tea market include:

• Nestlé S.A (Switzerland)

• The Republic of Tea (U.S)

• DavidsTea (Canada)

• Akbar Brothers Ltd (Sri Lanka)

• Associated British Foods (UK)

• Unilever (Netherlands)

• Starbucks Corporation (US)



Notable Market Developments: Tea Market

 In January 2018, Zest Tea has launched its first ready-to-drink (RTD) products. 


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