Tea and tea-based beverages market set to see exponential growth through 2030 – Queen Anne and Mangolia News

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Global Tea and tea-based beverages market: by category (organic and conventional), by form (ready to drink, loose tea powder and tea bags), by product type (green tea, black tea, oolong tea, herbal tea and others), by packaging (containers (plastic, cartons and aluminum cans) and by Region – Sizing, Growth, Trend, Opportunity and Forecast of the global industry (2021-2027)

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The Tea and Tea-based Beverages Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by major market players. operating globally. It involves in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive analyzes of the market, capturing all aspects of the tea and tea-based beverages industry.

Tea and tea-based beverages industry outlook

The global tea and tea-based beverages market size was valued at USD 46.2 Billion in 2020, and is projected to reach USD 67.6 Billion by 2027, registering a CAGR of 5.7% over the period. forecast (2021-2027). Tea is an aromatic beverage derived from the Camellia Sinesis plant. It is considered a very healthy drink containing many powerful antioxidants and various minerals such as potassium, manganese and calcium. The tea is consumed regularly and helps to reduce cell damage caused by free radicals and lower cholesterol, reduce the intensity of obesity and facilitate healthy weight loss of an individual. A significant trend for organic tea cultivation has been observed in the recent past, due to growing consumer awareness regarding the adverse health effects of conventional tea cultivation.

Factors affecting the tea and tea-based beverages market over the forecast period:

There is a huge demand for flavored tea in the global market. Therefore, tea manufacturers and food processors plan to develop various flavors of tea, such as rose, mango, lychee, etc., in the tea and tea-based market, which will ensure the market growth.

The growing population of young people is increasing the demand for green tea due to its range of health benefits. Hence, growth in the green tea market can be expected during the forecast period. However, fluctuating raw material prices and tea supply chain issues will hamper the growth of the tea and tea-based beverages market during the forecast period.

The growing e-commerce market, with the introduction of major e-commerce companies across the world, such as Amazon, Alibaba and Walmart, provides a growth opportunity for tea and tea-based beverage manufacturers to expand their portfolio in the global market. Platform.

Impact of COVID-19 on the Tea and Tea-Based Drinks Market:

The outbreak of the COVID-19 pandemic has had a positive impact on the growth of the tea and tea-based beverages market across the globe. Green tea and black tea have become the herbal medicine used as an immune booster amid the rapid spread of the virus. There were several tea recipes shared on the social media platform by many influencers amid the pandemic. Therefore, tea and tea-based beverages are expected to experience significant growth in market value in 2020.

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Report scope

The report outlines the study of the tea and tea-based beverages market based on product type, packaging, nature, and format.

The tea and tea-based beverages market has been segmented on the basis of product type–

  • Green tea
  • Black tea
  • Oolong tea
  • herbal tea
  • Others

The tea and tea-based beverages market has been segmented on the basis of packaging –

  • plastic containers
  • boxes
  • Aluminum boxes

The tea and tea-based beverages market has been segmented on the basis of nature –

The tea and tea-based beverages market has been segmented on the basis of format-

  • ready to drink
  • loose tea powder
  • tea bags

Tea and tea-based beverages market: regional outlook

The tea and tea-based beverages market has been segmented into five geographical regions: North America, Asia-Pacific, South America, Europe, Middle East and Africa. In 2020, Asia-Pacific held the largest share in the global tea and tea-based beverages market and is expected to maintain its market position over the forecast period. Major growth drivers for market players include the presence of a large number of loose leaf tea suppliers in Asia-Pacific economies such as China and India. According to the Tea Board of India, India ranks second in the world and has the highest tea consumption across the globe. According to an Indian survey, about 70-80% of the total tea produced in the country is consumed in the Indian market. The household consumes about 88% tea and 64% of the total population consumes tea in India.

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Leading competitors in the global tea and tea-based beverages market include-

The tea and tea-based beverages market is highly fragmented, with a large number of small players across the globe. Key players of tea and tea-based beverages operating in the global market include-

  • Alkaloid AD Skopje
  • Amar Tea Private Ltd.
  • Ambo Exports Industries Ltd.
  • AMORE Pacific Corp.
  • Arbor Teas
  • Associated British Foods Plc.
  • Bettys & Taylors Group Ltd.
  • Ceylon Organics Limited
  • Girnar Food & Beverages Pvt. ltd.
  • Gujarat Tea Processors & Packers Ltd.
  • ITO FR, Ltd.
  • Limtex (India) Ltd.
  • Mcleod Russel India Ltd.
  • Nestlé SA
  • Numi Inc. PBC
  • Organic India Private Limited
  • Starbucks Corporation
  • Tata Group
  • Hain Celestial Group Inc.
  • The Republic of Tea
  • The Stash Tea Company
  • Townshend Tea Company
  • Twining and Company Limited
  • Unilever Group.

The Tea and Tea-Based Beverages Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.

The Tea and Tea-Based Drinks Market Report Covers Comprehensive Analysis on:

  • Market Segmentation and Regional Analysis
  • 10 year market size
  • Price analysis
  • Supply and demand analysis
  • Product life cycle analysis
  • Porter’s Five Forces and Value Chain Analysis
  • Analysis of developed and emerging economies
  • PEST analysis
  • Factor analysis of the market and forecasts
  • Opportunities, risks and market trends
  • Conclusion and recommendation
  • Regulatory landscape
  • Patent Analysis
  • Competition Landscape
  • More than 15 company profiles

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Regional Analysis of Tea and Tea Based Beverages Market Include:

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA

Tea and Tea-Based Beverages Market: Target Audience

  • Tea drink manufacturers
  • Tea Raw Material Suppliers
  • Tea beverage packaging companies
  • E-commerce companies
  • Traders, wholesalers and distributors
  • Governments, Associations and Industry Bodies
  • Investors and trading experts
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