PUBLISHER: Renub Research | PRODUCT CODE: 1313777
PUBLISHER: Renub Research | PRODUCT CODE: 1313777
Global Tea Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis
The Global Tea Market is forecast to reach US$ 70.45 Billion by 2028, according to Renub Research. Tea has a particular place in the hearts of people all around the globe, adored for its affordability and delectable flavour. It is important in the worldwide beverage sector and is grown in certain areas owing to temperature and soil characteristics. Asia's China, India, and Sri Lanka, as well as African countries like Kenya, Malawi, Rwanda, Tanzania, and Uganda, are major tea producers. Other places, such as South America, the Middle East, and Russia, contribute to tea production as well, but in lower amounts. Global tea output exceeds 6.5 billion tons by 2021.
The wide range of teas available gives tremendous potential for growth. Organic tea, green tea, fruit tea, chamomile tea, white tea, and other distinctive mixes are becoming more popular among consumers. Chamomile tea, for example, is brewed from flowers and has a variety of health advantages, including increased sleep, digestive health, blood sugar management, and heart health. Another herbal favorite is peppermint tea, which has a pleasant flavor from dried peppermint leaves.
Nestle S.A. has made a noteworthy step toward sustainability by launching a zero-waste initiative to turn tea trash into beneficial fertilizer. This action helps to prevent resource waste, lowers energy emissions, and decreases total waste. Tea waste is a good fertilizer since it contains vital components such as potassium, nitrogen, and phosphorus. The tea industry has enormous development potential, thanks to exciting new kinds and environmental measures, making it a favorite among consumers worldwide.
From 2022 to 2028, the worldwide tea market will rise at a CAGR of 6.15%.
The main tea-producing nations are China, India, Sri Lanka, Kenya, and Indonesia, which account for more than 75% of worldwide tea production and exports. India, the world's second-largest tea producer, plays an important role, producing around 1345 million kilos of tea yearly. It successfully serves both local and export needs, particularly in black tea production. Notably, India is the world's biggest consumer of black tea, accounting for around 18% of overall tea consumption.
Long-term expansion in the global tea industry is expected, driven by rising demand from Asia and the Pacific regions, where incomes are rising. Tea is increasing popularity among young urban customers owing to its health advantages and the availability of numerous tastes and varieties such as ready-to-drink tea, premium tea, herbal blends, and fruit fusions. Green tea demand is expected to overtake black tea consumption in the future. These beneficial elements contribute to the worldwide tea industry's hopeful future, with an expected market value of US$ 49.25 billion by 2022.
Green tea drinking has increased in popularity among consumers as a result of its reputation as a healthy, organic, and plant-based beverage.
The worldwide tea market is divided into numerous categories, including Green Tea, Black Tea, Oolong Tea, fruit or herbal tea, and others. Due to the increased demand for healthy beverages, the green tea market is likely to be the most profitable. Green tea has several health advantages, including assisting in weight reduction, improving digestion, and increasing immunity. It is prepared from the dried leaves of the Camellia sinensis plant and has garnered popularity across the world. Matcha green tea, which is crushed rather than brewed, is a well-known variant. Lipton and Tetley are two of the most well-known green tea brands on the market.
Tea bags have grown in popularity among travelers due to their ease and lack of mess.
Plastic Containers, Loose Tea, Paperboards, Aluminum Tins, Tea Bags, and Others are some of the packaging options available in the worldwide tea industry. The Tea Bag category is growing in popularity owing to convenience and a preference for healthy and organic choices. The premiumization trend, which pushes customers to invest in convenient and organic goods infused with various tastes, is fueling the tea bag industry's growth. However, the desire for loose tea, prized for its superior flavor and scent, offers a challenge to the tea bag business. Nonetheless, tremendous development potential remains as manufacturing businesses engage in technologies such as PLA and paper manufacture, as well as automation, to expedite production and supply. For example, in June 2022, the UK-based Clipper Tea Company increased its product line in the United States with new packaging and flavors, appealing to consumer demands for organic alternatives such as Earl Grey, orange and turmeric, green tea and lemon, winter apple and cinnamon, and winter berries.
The worldwide tea market is seeing strong development in the supermarket and hypermarket channels, owing to the vast product selections offered in these locations.
The worldwide tea market is divided into distribution channels such as supermarkets and hypermarkets, specialty stores, convenience stores, internet stores, and others. Because of the enormous variety of items accessible in these outlets, the supermarket/hypermarket channel is enjoying rapid expansion. Customers now have a more convenient shopping experience thanks to advancements in storage techniques. Investors are focused on purchasing contemporary equipment to ensure that consumers receive high-quality items. The dominance of mass merchandisers such as supermarkets and hypermarkets, on the other hand, is being challenged by the rapid rise of online shopping platforms. These platforms are becoming increasingly popular among organically grown tea consumers due to their large product variety and convenient delivery choices.
India is expected to grow at a significant CAGR during the forecast period.
The worldwide tea market is divided into nations such as the United Kingdom, Turkey, Ireland, Iran, Russia, Morocco, New Zealand, Egypt, Poland, Japan, Chile, Saudi Arabia, South Africa, the Netherlands, Australia, the UAE, Germany, Hong Kong, Ukraine, India, China, and the United States. The tea market in India benefits from a strong tea culture and the commitment of Indian tea aficionados. Consumers in India want greater variety in tea, which has led to the rise of the tea industry. The urban population in India is becoming more health-conscious, while tea has long been known as a stress reliever for the rural population. The fast economic development and increased disposable income of the Indian middle class have driven the tea industry's expansion and spurred innovation. The distribution networks, which include supermarkets and community "Kirana stores," are critical to the wise expansion of India's tea business. India enjoys a prominent place in the worldwide export market as the world's second-largest tea producer. Russia, Iran, the United Arab Emirates, the United States, the United Kingdom, Germany, and China are the top tea-importing nations from India.
Key Company
Unilever, Associated British Foods, Nestle SA, Hain Celestial, McLeod Russel, Asian Tea and Export Ltd, and Tata Consumer Product Ltd are the market leaders in global tea Market.
Renub Research report titled "Global Tea Market" - By Type (Green Tea, Black Tea, Oolong Tea, Herbal Tea and Others Tea), By Packaging (Plastic Container, Loose Tea, Paperboards, Aluminium Tins and Tea Bags), and By Distribution Channel (Supermarkets / Hypermarkets, Specialty Stores, Convenience Stores, Online Stores and Others) By Application (Residential and Commercial) By Country (United States, Chile, United Kingdom, Ireland, Germany, Netherland, Poland, Russia, Turkey, Ukraine, China, India, Japan, Iran, Hong Kong, Australia, New Zealand, Saudi Arabia, UAE, Morocco, Egypt & South Africa) Company Analysis (Unilever, Associated British Foods, Nestle SA, Hain Celestial, McLeod Russel, Asian Tea and Export Ltd, and Tata Consumer Product Ltd)" provides an all-encompassing analysis on the global Tea Industry.
Type - This Report covers Market from 5 Viewpoints
- 1. Green Tea
- 2. Black Tea
- 3. Oolong Tea
- 4. Herbal Tea
- 5. Others Tea
Packaging - This Report covers Market from 5 Viewpoints
- 1. Plastic Container
- 2. Loose Tea
- 3. Paperboards
- 4. Aluminium Tins
- 5. Tea Bags
Distribution Channel - This Report covers Market from 5 Viewpoints
- 1. Supermarkets/ Hypermarkets
- 2. Specialty Stores
- 3. Convenience Stores
- 4. Online Stores
- 5. Others
Application - This Report covers Market from 2 Viewpoints
- 1. Residential
- 2. Commercial
Country - This Report covers Market have been covered from all the 22 Countries
- 1. Americas
- 1.1. United States
- 1.2. Chile
- 2. Europe
- 2.1. United Kingdom
- 2.2. Ireland
- 2.3. Germany
- 2.4. Netherland
- 2.5. Poland
- 2.6. Russia
- 2.7. Turkey
- 2.8. Ukraine
- 3. Asia Pacific
- 3.1. China
- 3.2. India
- 3.3. Japan
- 3.4. Iran
- 3.5. Hong Kong
- 3.6. Australia
- 3.7. New Zealand
- 4. Middle East & Africa
- 4.1. Saudi Arabia
- 4.2. UAE
- 4.3. Morocco
- 4.4. Egypt
- 4.5. South Africa
All the Company Analysis have covered 3 Viewpoints
- Overview
- Recent Development
- Revenue
Company - This Report covers 8 Companies Analysis
- 1. Unilever
- 2. Associated British Foods
- 3. Nestle SA
- 4. Hain Celestial
- 5. McleodRussel
- 6. Asian Tea and Export Ltd.
- 7. Tata Consumer Product Ltd.
- 8. Starbucks
Table of Contents
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Tea Market
6. Market Share - Global Tea Market
- 6.1 By Type
- 6.2 By Packaging
- 6.3 By Distribution Channel
- 6.4 By Application
- 6.5 By Countries
7. Type - Global Tea Market
- 7.1 Green Tea
- 7.2 Black Tea
- 7.3 Oolong Tea
- 7.4 Fruit/herbal Tea
- 7.5 Others
8. Packaging - Global Tea Market
- 8.1 Plastic Containers
- 8.2 Loose Tea
- 8.3 Paperboards
- 8.4 Aluminum Tin
- 8.5 Tea Bags
- 8.6 Others
9. Distribution Channel - Global Tea Market
- 9.1 Supermarket/ Hypermarket
- 9.2 Specialty Stores
- 9.3 Convenience Stores
- 9.4 Online Stores
- 9.5 Others
10. Application - Global Tea Market
- 10.1 Residential
- 10.2 Commercial
11. Country - This Report covers Market from 4 Viewpoints
- 11.1 Americas
- 11.1.1 United States
- 11.1.2 Chile
- 11.2 Europe
- 11.2.1 United Kingdom
- 11.2.2 Ireland
- 11.2.3 Germany
- 11.2.4 Netherland
- 11.2.5 Poland
- 11.2.6 Russia
- 11.2.7 Turkey
- 11.2.8 Ukraine
- 11.3 Asia Pacific
- 11.3.1 China
- 11.3.2 India
- 11.3.3 Japan
- 11.3.4 Iran
- 11.3.5 Hong Kong
- 11.3.6 Australia
- 11.3.7 New Zealand
- 11.4 Middle East & Africa
11..4.1 Saudi Arabia
11..4.2 UAE
11..4.3 Morocco
11..4.4 Egypt
11..4.5 South Africa
12. Key Players
- 12.1 Unilever
- 12.1.1 Overview
- 12.1.2 Recent Development
- 12.1.3 SWOT Analysis
- 12.1.4 Revenue
- 12.2 Associated British Foods
- 12.2.1 Overview
- 12.2.2 Recent Development
- 12.2.3 SWOT Analysis
- 12.2.4 Revenue
- 12.3 Nestle SA
- 12.3.1 Overview
- 12.3.2 Recent Development
- 12.3.3 SWOT Analysis
- 12.3.4 Revenue
- 12.4 Hain Celestial
- 12.4.1 Overview
- 12.4.2 Recent Development
- 12.4.3 SWOT Analysis
- 12.4.4 Revenue
- 12.5 Mcleod Russel
- 12.5.1 Overview
- 12.5.2 Recent Development
- 12.5.3 SWOT Analysis
- 12.5.4 Revenue
- 12.6 Asian Tea and Export Ltd.
- 12.6.1 Overview
- 12.6.2 Recent Development
- 12.6.3 SWOT Analysis
- 12.6.4 Revenue
- 12.7 Tata Consumer Product Ltd.
- 12.7.1 Overview
- 12.7.2 Recent Development
- 12.7.3 SWOT Analysis
- 12.7.4 Revenue
- 12.8 Starbucks
- 12.8.1 Overview
- 12.8.2 Recent Development
- 12.8.3 SWOT Analysis
- 12.8.4 Revenue
List of Figures
- Figure-01: Global - Tea Market (Million US$), 2018 - 2022
- Figure-02: Global - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-03: Type - Green Tea Market (Million US$), 2018 - 2022
- Figure-04: Type - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-05: Type - Black Tea Market (Million US$), 2018 - 2022
- Figure-06: Type - Forecast for Black Tea Market (Million US$), 2023 - 2028
- Figure-07: Type - Oolong Tea Market (Million US$), 2018 - 2022
- Figure-08: Type - Forecast for Oolong Tea Market (Million US$), 2023 - 2028
- Figure-09: Type - Herbal Tea Market (Million US$), 2018 - 2022
- Figure-10: Type - Forecast for Herbal Tea Market (Million US$), 2023 - 2028
- Figure-11: Type - Others Tea Market (Million US$), 2018 - 2022
- Figure-12: Type - Forecast for Others Tea Market (Million US$), 2023 - 2028
- Figure-13: Packaging - Plastic Container Tea Market (Million US$), 2018 - 2022
- Figure-14: Packaging - Forecast for Plastic Container Tea Market (Million US$), 2023 - 2028
- Figure-15: Packaging - Loose Tea Market (Million US$), 2018 - 2022
- Figure-16: Packaging - Forecast for Loose TeaMarket (Million US$), 2023 - 2028
- Figure-17: Packaging - Paperboards Tea Market (Million US$), 2018 - 2022
- Figure-18: Packaging - Forecast for Paperboards Tea Market (Million US$), 2023 - 2028
- Figure-19: Packaging - Aluminium Tins Tea Market (Million US$), 2018 - 2022
- Figure-20: Packaging - Forecast for Aluminium Tins Tea Market (Million US$), 2023 - 2028
- Figure-21: Packaging - Tea Bags Market (Million US$), 2018 - 2022
- Figure-22: Packaging - Forecast for Tea Bags Market (Million US$), 2023 - 2028
- Figure-23: Packaging - Others Tea Market (Million US$), 2018 - 2022
- Figure-24: Packaging - Forecast for Others Tea Market (Million US$), 2023 - 2028
- Figure-25: Distribution Channel - Supermarkets/ Hypermarkets Tea Market (Million US$), 2018 - 2022
- Figure-26: Distribution Channel - Forecast for Supermarkets/ Hypermarkets Tea Market (Million US$), 2023 - 2028
- Figure-27: Distribution Channel - Specialty Stores Tea Market (Million US$), 2018 - 2022
- Figure-28: Distribution Channel - Forecast for Specialty Stores Tea Market (Million US$), 2023 - 2028
- Figure-29: Distribution Channel - Convenience Stores Tea Market (Million US$), 2018 - 2022
- Figure-30: Distribution Channel - Forecast for Convenience Stores Tea Market (Million US$), 2023 - 2028
- Figure-31: Distribution Channel - Online Stores Tea Market (Million US$), 2018 - 2022
- Figure-32: Distribution Channel - Forecast for Online Stores Tea Market (Million US$), 2023 - 2028
- Figure-33: Distribution Channel - Others Tea Market (Million US$), 2018 - 2022
- Figure-34: Distribution Channel - Forecast for Others Tea Market (Million US$), 2023 - 2028
- Figure-35: Application - Residential Tea Market (Million US$), 2018 - 2022
- Figure-36: Application - Forecast for Residential Tea Market (Million US$), 2023 - 2028
- Figure-37: Application - Commercial Tea Market (Million US$), 2018 - 2022
- Figure-38: Application - Forecast for Commercial Tea Market (Million US$), 2023 - 2028
- Figure-39: United States - Tea Market (Million US$), 2018 - 2022
- Figure-40: United States - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-41: Chile - Tea Market (Million US$), 2018 - 2022
- Figure-42: Chile - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-43: United Kingdom - Tea Market (Million US$), 2018 - 2022
- Figure-44: United Kingdom - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-45: Ireland - Tea Market (Million US$), 2018 - 2022
- Figure-46: Ireland - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-47: Germany - Tea Market (Million US$), 2018 - 2022
- Figure-48: Germany - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-49: Netherland - Tea Market (Million US$), 2018 - 2022
- Figure-50: Netherland - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-51: Poland - Tea Market (Million US$), 2018 - 2022
- Figure-52: Poland - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-53: Russia - Tea Market (Million US$), 2018 - 2022
- Figure-54: Russia - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-55: Turkey - Tea Market (Million US$), 2018 - 2022
- Figure-56: Turkey - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-57: Ukraine - Tea Market (Million US$), 2018 - 2022
- Figure-58: Ukraine - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-59: China - Tea Market (Million US$), 2018 - 2022
- Figure-60: China - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-61: India - Tea Market (Million US$), 2018 - 2022
- Figure-62: India - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-63: Japan - Tea Market (Million US$), 2018 - 2022
- Figure-64: Japan - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-65: Iran - Tea Market (Million US$), 2018 - 2022
- Figure-66: Iran - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-67: Hong Kong - Tea Market (Million US$), 2018 - 2022
- Figure-68: Hong Kong - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-69: Australia - Tea Market (Million US$), 2018 - 2022
- Figure-70: Australia - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-71: New Zealand - Tea Market (Million US$), 2018 - 2022
- Figure-72: New Zealand - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-73: Saudi Arabia - Tea Market (Million US$), 2018 - 2022
- Figure-74: Saudi Arabia - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-75: UAE - Tea Market (Million US$), 2018 - 2022
- Figure-76: UAE - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-77: Morocco - Tea Market (Million US$), 2018 - 2022
- Figure-78: Morocco - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-79: Egypt - Tea Market (Million US$), 2018 - 2022
- Figure-80: Egypt - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-81: South Africa - Tea Market (Million US$), 2018 - 2022
- Figure-82: South Africa - Forecast for Tea Market (Million US$), 2023 - 2028
- Figure-83: Unilever - Global Revenue (Billion US$), 2018 - 2022
- Figure-84: Unilever - Forecast for Global Revenue (Billion US$), 2023 - 2028
- Figure-85: Associated British Foods - Global Revenue (Billion US$), 2018 - 2022
- Figure-86: Associated British Foods - Forecast for Global Revenue (Billion US$), 2023 - 2028
- Figure-87: Nestle SA - Global Revenue (Billion US$), 2018 - 2022
- Figure-88: Nestle SA - Forecast for Global Revenue (Billion US$), 2023 - 2028
- Figure-89: Hain Celestial - Global Revenue (Million US$), 2018 - 2022
- Figure-90: Hain Celestial - Forecast for Global Revenue (Million US$), 2023 - 2028
- Figure-91: Mcleod Russel - Global Revenue (Million US$), 2018 - 2022
- Figure-92: Mcleod Russel - Forecast for Global Revenue (Million US$), 2023 - 2028
- Figure-93: Asian Tea and Export Ltd. - Global Revenue (Million US$), 2018 - 2022
- Figure-94: Asian Tea and Export Ltd. - Forecast for Global Revenue (Million US$), 2023 - 2028
- Figure-95: Tata Consumer Product Ltd. - Global Revenue (Million US$), 2018 - 2022
- Figure-96: Tata Consumer Product Ltd. - Forecast for Global Revenue (Million US$), 2023 - 2028
- Figure-97: Starbucks - Global Revenue (Billion US$), 2018 - 2022
- Figure-98: Starbucks - Forecast for Global Revenue (Billion US$), 2023 - 2028
List of Tables
- Table-01: Global - Tea Market Share by Type (Percent), 2018 - 2022
- Table-02: Global - Forecast for Tea Market Share by Type (Percent), 2023 - 2028
- Table-03: Global - Tea Market Share by Packaging (Percent), 2018 - 2022
- Table-04: Global - Forecast for Tea Market Share by Packaging (Percent), 2023 - 2028
- Table-05: Global - Tea Market Share by Distribution Channel (Percent), 2018 - 2022
- Table-06: Global - Forecast for Tea Market Share by Distribution Channel (Percent), 2023 - 2028
- Table-07: Global - Tea Market Share by Application (Percent), 2018 - 2022
- Table-08: Global - Forecast for Tea Market Share by Application (Percent), 2023 - 2028
- Table-09: Global - Tea Market Share by Countries (Percent), 2018 - 2022
- Table-10: Global - Forecast for Tea Market Share by Countries (Percent), 2023 - 2028
