PUBLISHER: TechNavio (Infiniti Research Ltd.) | PRODUCT CODE: 1132174
PUBLISHER: TechNavio (Infiniti Research Ltd.) | PRODUCT CODE: 1132174
Technavio has been monitoring the tea market and it is poised to grow by $19.48 bn during 2022-2026, accelerating at a CAGR of 5.55% during the forecast period. Our report on the tea market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by new product launches, functional benefits of tea, and a rapid rise in consumption of green tea.
The tea market analysis includes the product segment and geographic landscape.
Technavio's tea market is segmented as below:
By Product
By Geographical Landscape
This study identifies the premiumization of functional tea products as one of the prime reasons driving the tea market growth during the next few years. Also, the growing popularity of purple tea and the growing demand for organic tea products will lead to sizable demand in the market.
Technavio presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters. Our report on the tea market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tea market vendors that include Apeejay Surrendra Group, Akbar Brothers Pvt Ltd, Associated British Foods Plc, Barrys Tea, Davids Tea Inc., Fukujuen Co. Ltd., Godrej and Boyce Manufacturing Co. Ltd., Harney and Sons Fine Teas, ITO EN Ltd., M.M.Ispahani LTD., Mcleod Russel India Ltd., Mighty Leaf Tea Canada, Nestle SA, Numi Inc., Tata Consumer Products Ltd., The Hain Celestial Group Inc., The Republic of Tea Inc., Tim Hortons USA Inc., Unilever PLC, WISSOTZKY INC, and Yunnan Dayi Tea Industry Group Co. Ltd. Also, the tea market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all future growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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