Tea Market, By Product Type (Black Tea, Green Tea, Fermented Tea, Herbal Tea, and Others), By Distribution Channel (Hypermarket/Supermarket, Specialist Retailers, Convenience Stores, Foodservice Channels, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2030

Tea is an aromatic beverage widely consumed by individuals and prepared by infusion process by adding Camellia sinensis into boiling water. Tea comprises polyphenols, alkaloids such as caffeine, theophylline, theobromine, amino acids, carbohydrates, proteins, chlorophyll, and volatile organic compounds. Tea can boost mood, improve focus, and give mental health benefits such as depression and dementia. There are various pros and cons of tea, while numerous research shows tea may boost the immune system, fight off inflammation, and even ward off cancer and heart disease. Though moderate intake is healthy for some people, drinking too many leads to adverse side effects, such as anxiety, headaches, digestive issues, and disrupted sleep patterns. Various types of tea are manufactured, such as oolong, green, black, and Ilex tea depending on the post-harvest treatment and palatability of a particular region. Green Tea is often touted as the healthiest tea. The global tea market accounted for US$ 58.5 billion in 2020 and is estimated to be US$ 109.75 billion by 2030 and is anticipated to register a CAGR of 6.6%.

Rising health concern

Tea acts as a stimulating agent and improves mental and physical health, increasing demand for tea across the globe and is a factor driving the tea market. In addition, tea has excellent properties such as ant-cariogenic, anti-microbial, anti-inflammatory, and anti-oxidant, propelling the target market. Furthermore, green tea helps reduce the risk associated with breast cancer, which fuels the tea market. Moreover, rising consumption of ready-to-drink iced teas is boosting the target market. Growing individuals’ preference towards iced tea as a healthy alternative due to its antioxidant and natural content is expected to boost the tea market. Also, increasing attraction for flavored drinks among individuals, coupled with rising innovation of products by manufacturers to attract customers and expand their customer base, are promoting the target market.

However, increasing consumption of coffee may restrain the tea market.

The tea market is segmented based on product type, distribution channel, and region.

Based on product type, the target market is bifurcated into black tea, green tea, fermented tea, herbal tea, and others. Based on distribution channels, the global tea market is bifurcated into hypermarkets/supermarkets, specialist retailers, convenience stores, food service channels, and others.

Regional Insights:

The tea market accounted for US$ 58.5 billion in 2020 and is estimated to be US$ 109.75 billion by 2030 and is anticipated to register a CAGR of 6.6%. The tea market is segmented into regions into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific tea market is expected to account for a significant share in terms of revenue in the global tea market over the forecast period. This can be attributed to rising awareness regarding the health benefits of tea among individuals. Tea has excellent anti-aging properties, increasing demand for tea in countries such as India and China. For instance, according to data published by Tea Data Board India, India recorded the highest-ever tea production during 2015-16; exports breached the 230 million kgs mark. Further, according to data from ITC (International Tea Committee) in January 2018, the U.S. remains the third largest tea importer after Russia.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global tea market report based on product type, distribution channel and region.

Tea Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • U.S.
  • Canada

The key players operating in the tea market includes Starbucks Corporation, Twining Crosfield and Company Ltd, Tata Global Beverages Limited, Unilever PLC, Orientis Gourmet SAS, Ito En, Ltd, Associated British Foods Plc, Wissotzky Tea (Israel) Ltd., Starbucks Corporation, and Nestlé S.A.

• Starbucks Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
• Twining Crosfield and Company Ltd
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
• Tata Global Beverages Limited
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
• Unilever PLC
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
• Orientis Gourmet SAS
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
• Ito En, Ltd
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
• Associated British Foods Plc
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
• Wissotzky Tea (Israel) Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
• Starbucks Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
• Nestlé S.A
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview