PUBLISHER: Acute Market Reports | PRODUCT CODE: 1192905
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1192905
Tea Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
This report titled "Tea Market - Growth, Future Prospects, and Competitive Analysis, 2022 - 2030" offers strategic insights into the trends in the global tea market along with the market size and forecast for the duration 2022 to 2030. The said research study incorporates in-depth analysis of multiple market segments based on product type and geographical distribution.
The global tea market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across Asia Pacific, North America, and Europe.
Based on product types, the global tea market is categorized into leaf tea, CTC tea and others. On the basis of leaf tea type, this segment is further categorized into green tea, black tea, and oolong tea. Market size and forecast for all the considered segmentation is presented in this report for the period 2020-2030 (US$ Mn) along with their respective CAGRs for the forecast period 2022-2030 (Value %).
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global tea market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in manufacturing of tea. The major companies profiled in this report include Wissotzky Tea Inc., Unilever Ltd., Akbar Brothers Ltd., Twinings of London Ltd., Tata Global beverages Ltd., Associated British Foods plc, Nestle S.A., Da Yi Tea Grp, Barry's Tea, McLead Russel Ltd., Harney and Sons Ltd., and Teavana Ltd.
Changing lifestyle provide an opportunity to the tea industry as the growing middle class and urbanized population of many emerging and developing markets influence the consumption of tea. The black tea segment is expected to contribute relatively high revenue over the forecast period. Green tea segment is also expected to witness favorable revenue growth in the global tea market. The major factors that drive the global market for green tea include growing consumer awareness for healthy and safe products and the growing number of people suffering from obesity, cancer digestive disorders. It is estimated that by 2020 the overweight population will increase to 60 million, which will drive the demand for green tea in future. Among all major markets for type, black tea and green tea segments are expected to witness significant growth rates over the forecast period.
At present, Asia Pacific and North America are the largest regional markets for tea manufacturing. These regions are domicile for several large, mid and small-sized (niche) tea manufacturers that offer a wide range of products. Tea market is also rapidly picking up pace in North America and Europe when compared with other regions. Urge for cost containment and focus on core competencies, along with growing need for skilled workforce are the key market derivers in these regions. On the other hand, Asia Pacific is the fastest growing market for tea manufacturing. Availability of huge resource in the region along with offering of competitive service pricing, and emergence of several large-sized companies in the region make Asia Pacific a significantly lucrative hub for tea manufacturing. China and India are anticipated to be the most prominent country-level markets for tea during the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Tea market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Tea market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Products
Leaf Tea
Black Tea
Green Tea
Oolong Tea
CTC Tea
Others
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Tea market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Tea market?
Which is the largest regional market for Tea market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Tea market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Tea market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Tea Market
- 2.2. Global Tea Market, By Products, 2021 (US$ Million)
- 2.3. Global Tea Market, By Geography, 2021 (US$ Million)
- 2.4. Attractive Investment Proposition by Geography, 2021
- 2.5. Key Buying Criteria
- 2.6. Key Case Reports
- 2.7. Scenario Analysis
- 2.7.1. Optimistic estimates and analysis
- 2.7.2. Realistic estimates and analysis
- 2.7.3. Pessimistic estimates and analysis
- 2.8. Market Profiling
- 2.9. Sales and Marketing Plan
- 2.10. Top Market Conclusions
- 2.11. Strategic Recommendations
3. Tea Market: Competitive Analysis
- 3.1. Market Positioning of Key Tea Market Vendors
- 3.2. Strategies Adopted by Tea Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2021 Versus 2030
4. Tea Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Tea Market Value, 2020 - 2030, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
- 4.6. Porter's Five Force Model
- 4.6.1. Supplier Power
- 4.6.2. Buyer Power
- 4.6.3. Threat Of Substitutes
- 4.6.4. Threat Of New Entrants
- 4.6.5. Competitive Rivalry
- 4.7. PESTEL Analysis
- 4.7.1. Political Landscape
- 4.7.2. Economic Landscape
- 4.7.3. Technology Landscape
- 4.7.4. Legal Landscape
- 4.7.5. Social Landscape
- 4.8. Heptalysis Analysis
- 4.9. Critical Investigation of Business Problems Through Five Whys Root Cause Analysis & Relevant Solutions
5. Tea Market: By Products, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Leaf Tea
- 5.3.1.1. Black Tea
- 5.3.1.2. Green Tea
- 5.3.1.3. Oolong Tea
- 5.3.2. CTC Tea
- 5.3.3. Others
- 5.3.1. Leaf Tea
6. Geographic Analysis
- 6.1. Market Overview
- 6.2.Macro Factors versus Market Impact: Dashboard, 2021
- 6.3. Porters Five Force Model Across Geography: Dashboard, 2021
- 6.4. Impact of PESTEL factors Across Geography: Dashboard, 2021
7. North America Tea Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Tea Market: By Products, 2020-2030, USD (Million)
- 7.3.Tea Market: By Region, 2020-2030, USD (Million)
- 7.3.1.North America
- 7.3.1.1. U.S.
- 7.3.1.1.1. Tea Market: By Products, 2020-2030, USD (Million)
- 7.3.1.2. Canada
- 7.3.1.2.1. Tea Market: By Products, 2020-2030, USD (Million)
- 7.3.1.3. Rest of North America
- 7.3.1.3.1. Tea Market: By Products, 2020-2030, USD (Million)
- 7.3.1.1. U.S.
- 7.3.1.North America
8. UK and European Union Tea Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Tea Market: By Products, 2020-2030, USD (Million)
- 8.3.Tea Market: By Region, 2020-2030, USD (Million)
- 8.3.1.UK and European Union
- 8.3.1.1. UK
- 8.3.1.1.1. Tea Market: By Products, 2020-2030, USD (Million)
- 8.3.1.2. Germany
- 8.3.1.2.1. Tea Market: By Products, 2020-2030, USD (Million)
- 8.3.1.3. Spain
- 8.3.1.3.1. Tea Market: By Products, 2020-2030, USD (Million)
- 8.3.1.4. Italy
- 8.3.1.4.1. Tea Market: By Products, 2020-2030, USD (Million)
- 8.3.1.5. France
- 8.3.1.5.1. Tea Market: By Products, 2020-2030, USD (Million)
- 8.3.1.6. Rest of Europe
- 8.3.1.6.1. Tea Market: By Products, 2020-2030, USD (Million)
- 8.3.1.1. UK
- 8.3.1.UK and European Union
9. Asia Pacific Tea Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Tea Market: By Products, 2020-2030, USD (Million)
- 9.3.Tea Market: By Region, 2020-2030, USD (Million)
- 9.3.1.Asia Pacific
- 9.3.1.1. China
- 9.3.1.1.1. Tea Market: By Products, 2020-2030, USD (Million)
- 9.3.1.2. Japan
- 9.3.1.2.1. Tea Market: By Products, 2020-2030, USD (Million)
- 9.3.1.3. India
- 9.3.1.3.1. Tea Market: By Products, 2020-2030, USD (Million)
- 9.3.1.4. Australia
- 9.3.1.4.1. Tea Market: By Products, 2020-2030, USD (Million)
- 9.3.1.5. South Korea
- 9.3.1.5.1. Tea Market: By Products, 2020-2030, USD (Million)
- 9.3.1.6. Rest of Asia Pacific
- 9.3.1.6.1. Tea Market: By Products, 2020-2030, USD (Million)
- 9.3.1.1. China
- 9.3.1.Asia Pacific
10. Latin America Tea Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Tea Market: By Products, 2020-2030, USD (Million)
- 10.3.Tea Market: By Region, 2020-2030, USD (Million)
- 10.3.1.Latin America
- 10.3.1.1. Brazil
- 10.3.1.1.1. Tea Market: By Products, 2020-2030, USD (Million)
- 10.3.1.2. Mexico
- 10.3.1.2.1. Tea Market: By Products, 2020-2030, USD (Million)
- 10.3.1.3. Rest of Latin America
- 10.3.1.3.1. Tea Market: By Products, 2020-2030, USD (Million)
- 10.3.1.1. Brazil
- 10.3.1.Latin America
11. Middle East and Africa Tea Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Tea Market: By Products, 2020-2030, USD (Million)
- 11.3.Tea Market: By Region, 2020-2030, USD (Million)
- 11.3.1.Middle East and Africa
- 11.3.1.1. GCC
- 11.3.1.1.1. Tea Market: By Products, 2020-2030, USD (Million)
- 11.3.1.2. Africa
- 11.3.1.2.1. Tea Market: By Products, 2020-2030, USD (Million)
- 11.3.1.3. Rest of Middle East and Africa
- 11.3.1.3.1. Tea Market: By Products, 2020-2030, USD (Million)
- 11.3.1.1. GCC
- 11.3.1.Middle East and Africa
12. Company Profile
- 12.1. Akbar Brothers Ltd.
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. Associated British Foods plc.
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. Barry's Tea
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. Da Yi Tea Grp.
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. Harney and Sons Ltd.
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. McLead Russel Ltd.
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. Nestle S.A.
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. Tata Global beverages Ltd.
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
- 12.9. Teavana Ltd.
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
- 12.10. Twining of London Ltd.
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
- 12.11. Unilever Ltd.
- 12.11.1. Company Overview
- 12.11.2. Financial Performance
- 12.11.3. Product Portfolio
- 12.11.4. Strategic Initiatives
- 12.12. Wissotzky Tea
- 12.12.1. Company Overview
- 12.12.2. Financial Performance
- 12.12.3. Product Portfolio
- 12.12.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Tea Market By Products, 2020-2030, USD (Million)
- TABLE 2 Global Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 3 North America Tea Market By Products, 2020-2030, USD (Million)
- TABLE 4 North America Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 5 U.S. Tea Market By Products, 2020-2030, USD (Million)
- TABLE 6 U.S. Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 7 Canada Tea Market By Products, 2020-2030, USD (Million)
- TABLE 8 Canada Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 9 Rest of North America Tea Market By Products, 2020-2030, USD (Million)
- TABLE 10 Rest of North America Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 11 UK and European Union Tea Market By Products, 2020-2030, USD (Million)
- TABLE 12 UK and European Union Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 13 UK Tea Market By Products, 2020-2030, USD (Million)
- TABLE 14 UK Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 15 Germany Tea Market By Products, 2020-2030, USD (Million)
- TABLE 16 Germany Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 17 Spain Tea Market By Products, 2020-2030, USD (Million)
- TABLE 18 Spain Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 19 Italy Tea Market By Products, 2020-2030, USD (Million)
- TABLE 20 Italy Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 21 France Tea Market By Products, 2020-2030, USD (Million)
- TABLE 22 France Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 23 Rest of Europe Tea Market By Products, 2020-2030, USD (Million)
- TABLE 24 Rest of Europe Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 25 Asia Tea Market By Products, 2020-2030, USD (Million)
- TABLE 26 Asia Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 27 China Tea Market By Products, 2020-2030, USD (Million)
- TABLE 28 China Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 29 Japan Tea Market By Products, 2020-2030, USD (Million)
- TABLE 30 Japan Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 31 India Tea Market By Products, 2020-2030, USD (Million)
- TABLE 32 India Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 33 Australia Tea Market By Products, 2020-2030, USD (Million)
- TABLE 34 Australia Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 35 South Korea Tea Market By Products, 2020-2030, USD (Million)
- TABLE 36 South Korea Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 37 Latin America Tea Market By Products, 2020-2030, USD (Million)
- TABLE 38 Latin America Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 39 Brazil Tea Market By Products, 2020-2030, USD (Million)
- TABLE 40 Brazil Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 41 Mexico Tea Market By Products, 2020-2030, USD (Million)
- TABLE 42 Mexico Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 43 Rest of Latin America Tea Market By Products, 2020-2030, USD (Million)
- TABLE 44 Rest of Latin America Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 45 Middle East and Africa Tea Market By Products, 2020-2030, USD (Million)
- TABLE 46 Middle East and Africa Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 47 GCC Tea Market By Products, 2020-2030, USD (Million)
- TABLE 48 GCC Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 49 Africa Tea Market By Products, 2020-2030, USD (Million)
- TABLE 50 Africa Tea Market By Leaf Tea, 2020-2030, USD (Million)
- TABLE 51 Rest of Middle East and Africa Tea Market By Products, 2020-2030, USD (Million)
- TABLE 52 Rest of Middle East and Africa Tea Market By Leaf Tea, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Tea Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Tea Market: Quality Assurance
- FIG. 5 Global Tea Market, By Products, 2021
- FIG. 6 Global Tea Market, By Geography, 2021
- FIG. 7 Market Geographical Opportunity Matrix - Global Tea Market, 2021
- FIG. 8 Market Positioning of Key Tea Market Players, 2021
- FIG. 9 Global Tea Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
- FIG. 10 Porters Five Force Model - Current, Midterm and Long Term Perspective
- FIG. 11 See Saw Analysis
- FIG. 12 PETEL Analysis
- FIG. 13 Key Buying Criteria: Current and Long-Term Perspective
- FIG. 14 Global Tea Market, Scenario Analysis, 2020 to 2030 (US$ Million)
- FIG. 15 Heptalysis Analysis: Global Tea Market
- FIG. 16 Five Whys Analysis
- FIG. 17 Global Tea Market, By Products, 2021 Vs 2030, %
- FIG. 18 U.S. Tea Market (US$ Million), 2020 - 2030
- FIG. 19 Canada Tea Market (US$ Million), 2020 - 2030
- FIG. 20 Rest of North America Tea Market (US$ Million), 2020 - 2030
- FIG. 21 UK Tea Market (US$ Million), 2020 - 2030
- FIG. 22 Germany Tea Market (US$ Million), 2020 - 2030
- FIG. 23 Spain Tea Market (US$ Million), 2020 - 2030
- FIG. 24 Italy Tea Market (US$ Million), 2020 - 2030
- FIG. 25 France Tea Market (US$ Million), 2020 - 2030
- FIG. 26 Rest of Europe Tea Market (US$ Million), 2020 - 2030
- FIG. 27 China Tea Market (US$ Million), 2020 - 2030
- FIG. 28 Japan Tea Market (US$ Million), 2020 - 2030
- FIG. 29 India Tea Market (US$ Million), 2020 - 2030
- FIG. 30 Australia Tea Market (US$ Million), 2020 - 2030
- FIG. 31 South Korea Tea Market (US$ Million), 2020 - 2030
- FIG. 32 Rest of Asia Tea Market (US$ Million), 2020 - 2030
- FIG. 33 Brazil Tea Market (US$ Million), 2020 - 2030
- FIG. 34 Mexico Tea Market (US$ Million), 2020 - 2030
- FIG. 35 Rest of Latin America Tea Market (US$ Million), 2020 - 2030
- FIG. 36 GCC Tea Market (US$ Million), 2020 - 2030
- FIG. 37 Africa Tea Market (US$ Million), 2020 - 2030
- FIG. 38 Rest of Middle East and Africa Tea Market (US$ Million), 2020 - 2030
