The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing demand for herbal tea is likely to boost tea manufacturing innovation, propelling the market during the forecast period.

The global tea market is expected to grow from $50.15 billion in 2022 to $53.59 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The global tea market size is expected to reach $65.87 billion in 2027 at a CAGR of 5.3%.

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 Global Tea Market Segments Include:

• By Type: Green Tea, Black Tea, Oolong Tea, Fruit Or Herbal Tea, Other Types
• By Packaging: Plastic Containers, Loose Tea, Paper Boards, Aluminium Tins, Tea Bags
• By Distribution Channel: Super Markets Or Hyper Markets, Special Stores, Convenience Stores, Online Stores, Other Distribution Channels
• By Application: Residential, Commercial
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global tea market in 2021.

Major Market Players in the tea market include Barry’s Tea Limited, ITO En Ltd., Nestle S.A, TATA Global Beverages, The Republic of Tea Inc., Unilever Group, Taetea Group, Mcleod Russel India Ltd., Hain Celestial Group Inc.

The development of speciality iced teas is a crucial trend that is gaining traction in the tea market. To boost their market position, major tea producers are creating speciality iced teas. For example, Honest Tea Inc., a US-based organic tea and drinks company, debuted a speciality iced tea called “Just Ice Tea” in September 2022, a ready-to-drink organic iced tea. The launch Just Ice Tea team’s mission is to promote “Justice” through Fair Trade pricing and working standards, which connect to a set of environmental and working norms. The company is committed to environmental protection through organic accreditation, which prohibits the use of synthetic pesticides, herbicides, insecticides, and fertilisers.

The Tea Global Market Report 2023  provides a tea market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The tea market forecast analyzes tea market size, tea market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Tea is a beverage created by combining the cured leaves of the camellia sinensis (tea) plant with hot water. Teas can boost the immune system, reduce inflammation, and possibly protect against cancer and heart disease.

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