Global Tea Market Report 2021: Market was Valued at $21.9 Billion in 2020 - Forecast to 2026

Dublin, IRELAND


Dublin, July 06, 2021 (GLOBE NEWSWIRE) -- The "Global Tea Market (2021 Edition) - Analysis By Type (Green, Black, Oolong, Herbal, Others), Packaging Type, Distribution Channel, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)" report has been added to ResearchAndMarkets.com's offering.

The Global Tea Market was valued at USD 21.9 billion in the year 2020. With the increased demand of tea in highly populated countries such as China and India, the growth rate of tea market is increasing and is expected to grow further in upcoming years.

Millennial tea lovers are not content merely with the regular hot tea, green or iced tea as they aspire to go beyond and explore the beverage as a treasure of taste and fragrances. Hence, the tea market is driven by premiumization as the industry is witnessing a shift from black tea to flavoured tea with specialised tea shops initiating a trend of out of home tea consumption.

However, black Tea segment will continue to hold a major share of the Global Tea Market because of its major health benefits such as antioxidants that help block DNA damage associated with tobacco or other toxic chemicals. These antioxidants are different from those obtained from fruits and vegetables and therefore as a regular part of daily diet they can provide additional benefits towards a healthy lifestyle.

Asia pacific region is anticipated to grow enormously in the market on account of increasing tea culture and rising demand of tea from millennials. Furthermore, the presence of some key market players in the region also supports the market growth in this region throughout the forecast period and beyond.

APAC will offer several growth opportunities to market players during the forecast period. The growing population of middle-income group and rising demand from youth population along with increasing rate of tea production in developing countries such as China and India will significantly drive Tea market growth in this region over the forecast period.

Further, the demand for purchasing tea from Supermarkets is comparatively higher as compared to other distribution channel in this category, globally. But due to increasing use of internet, people are preferring online platforms to purchase tea which is likely to accelerate tea market growth in forecast period.

The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Associated British Foods, Unilever, Nestle, ITO EN Inc., Hain Celestial Group, Davids Tea, Mcleod Russel India Ltd, Tata Global Beverages, Kusmi Tea, Tea Forte.

Key Target Audience

  • Tea Industry Vendors
  • Consulting and Advisory Firms
  • Government and Policy Makers
  • Regulatory Authorities

Key Topics Covered:

1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary

2. Strategic Recommendations

3. Global Tea Market: Product Overview

4. Global Tea Market: An Analysis (2016-2026)
4.1 Market Size, By Value, 2016-2026
4.2 Market Size, By Volume, 2016-2026
4.3 Impact of COVID-19 on Global Tea Market
4.4 Global Economic & Industrial Outlook

5. Global Tea Market: Segmental Analysis (2016-2026)
5.1 Global Tea Market by Type
5.2 Competitive Scenario of Global Tea Market- By Type
5.3 By Green Tea, By Value (USD Million), 2016-2026
5.4 By Black Tea, By Value (USD Million), 2016-2026
5.5 By Oolong Tea, By Value (USD Million), 2016-2026
5.6 By Herbal Tea, By Value (USD Million), 2016-2026
5.7 By Other, By Value (USD Million), 2016-2026

6. Global Tea Market By Packaging: An Analysis (2016-2026)
6.1 Global Tea Market: Segment Analysis
6.2 Competitive Scenario of Global Tea Market- By Packaging
6.3 By Tin Box, By value (USD Million), 2016-2026
6.4 By Cardboard Box, By Value (USD Million), 2016-2026
6.5 By Paper Pouch, By Value (USD Million), 2016-2026
6.6 By Plastic Containers, By Value (USD Million), 2016-2026

7. Global Tea Market By Distribution Channel
7.1 By Supermarkets, By value (USD Million) 2016-2026
7.2 By Specialty Stores, By value (USD Million) 2016-2026
7.3 By Online, By value (USD Million) 2016-2026

8. North America Tea Market: An Analysis (2016-2026)

9. Europe Tea Market: An Analysis (2016-2026)

10. Asia Pacific Tea Market: An Analysis (2016-2026)

11. LAMEA Tea Market: An Analysis (2016-2026)

12. Global Tea Market Dynamics
12.1 Global Tea Market Drivers
12.2 Global Tea Market Restraints
12.3 Global Tea Market Trends

13. Market Attractiveness and Strategic Analysis
13.1 Market Attractiveness Chart of Global Tea Market - By Type (Year 2026)
13.2 Market Attractiveness Chart of Global Tea Market - By Packaging (Year 2026)
13.3 Market Attractiveness Chart of Global Tea Market - By Distribution Channel (Year 2026)
13.4 Market Attractiveness Chart of Global Tea Market - By Region (Year 2026)

14. Competitive Landscape
14.1 Market Share of global leading companies
14.2 SWOT Analysis- Global Tea Market
14.3 Porter Five Forces Analysis-Global Tea Market

15. Company Profiles (Business Description, Financial Analysis, Business Strategy)

  • Associated British Foods
  • Unilever
  • Nestle
  • ITO EN Inc.
  • Hain Celestial Group
  • Davids Tea
  • Mcleod Russel India Ltd
  • Tata Global Beverages
  • Kusmi Tea
  • Tea Forte

For more information about this report visit https://www.researchandmarkets.com/r/l3w0ot

 

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