PUBLISHER: Allied Market Research | PRODUCT CODE: 1139856
PUBLISHER: Allied Market Research | PRODUCT CODE: 1139856
The global green tea market is estimated to generate a revenue of $29,267.30 million by 2030, increasing from $14,765.10 million in 2021, at a noteworthy CAGR of 8.04%.
Green tea is a plant based herbal tea which is becoming increasingly popular among people due to its high health benefits. People have now incorporated green tea in their diet as green tea offers many benefits like reducing weight, anxiety, and depression. Also, green tea is widely used in cosmetic industries for manufacturing many cosmetic products due to its skin care properties.
Green tea is predicted to grow in popularity in the coming years as the global prevalence of chronic diseases such as obesity, high blood pressure, and diabetes rises. Green tea contains a variety of minerals and antioxidants that help to increase a person's immunity. Green tea is also a popular beverage among the young since it aids in weight loss and maintenance. Green tea's market is expected to rise in the next years as a result of these causes.
Green tea, on the other hand, is a pricey beverage that most people in developing nations cannot buy. Furthermore, the majority of people in poor countries, particularly in rural regions, are uninformed of the existence of green tea. These factors are predicted to hinder market growth during the next several years.
During the corona virus pandemic, the green tea business grew significantly. The demand for healthy beverages such as matcha tea and green tea has increased as a result of the increasing frequency of corona virus infection around the world and the growing occurrence of lethal symptoms among patients. People's preferences have evolved from dairy-based beverages to functional beverages, which are high in antioxidants and enhance immunity. During the epidemic, these factors fueled the demand for green tea.
The companies involved in the green tea market are Unilever Plc., Tata Consumer Products ltd., Typhoo Tea, Associated British Foods Plc., The Begilow Tea Company, Tazo Tea Company, Numi Organic Tea, The Republic of Tea, Inc., East West Tea Company LLC., and Northern Tea Merchants Ltd.
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