Tea Global Market Report 2023

“Tea Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on tea market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for tea? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The tea market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Green Tea; Black Tea; Oolong Tea; Fruit Or Herbal Tea; Other Types
• 2) By Packaging: Plastic Containers; Loose Tea; Paper Boards; Aluminium Tins; Tea Bags
• 3) By Distribution Channel: Super Markets Or Hyper Markets; Special Stores; Convienience Stores; Online Stores; Other Distribution Channels
• 4) By Application: Residential; Commercial
• Companies Mentioned: Barry's Tea Limited; ITO En Ltd.; Nestle S.A; TATA Global Beverages; The Republic of Tea Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the tea market are: 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., Apeejay Surrendra Group, Davids Tea, Numi Organic Tea, Teavana Corporation, Mighty Leaf Tea Company, Numi Organic Tea, Godrej Group, Harney & Sons Fine Teas, and M. M. Ispahani Limited.

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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The tea market is expected to reach $65.87 billion in 2027 at a CAGR of 5.3%.

The tea market consists of sales of white tea, pu-erh tea, and yellow tea. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Tea is a beverage made from the cured leaves of the camellia sinensis (tea) plant combined with hot water. Teas can strengthen the immune system, decrease inflammation, and possibly protect individuals from cancer and heart disease.

Acia-Pacific was the largest region in the tea market in 2022. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in tea report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of tea are green tea, black tea, oolong tea, fruit or herbal tea and others. Green tea refers to a beverage or nutritional supplement that is marketed for enhancing mental clarity, easing headaches and gastrointestinal complaints, and encouraging weight loss. The packaging involved in plastic containers, loose tea, paper boards, aluminum tins and tea bags which are distributed through supermarkets or hypermarkets, special stores, convenience stores, online stores and others. It is used for residential and commercial purposes.

The growing demand for herbal tea is expected to propel the growth of the tea market going forward. Herbal tea refers to a tea with dried herbs and spices that often has no caffeine. It is a beverage created by steeping several plants' leaves. Herbal tea is a type of tea whose benefits include lowered inflammation, lowered stress levels, support for the immune system, and more; it supplements a healthy eating regimen. For instance, in October 2022, according to data sourced from Euromonitor International, 2022 published by Canada Statistics, a Canada-based government agency, the forecast fruit/herbal tea retail value sales in 2022 was $144.1 million, which will rise to $286.1 million in 2026. Therefore, the growth in demand for herbal tea is driving the growth of the tea market.

The introduction of specialty iced teas is a key trend gaining popularity in the tea market. Major companies operating in the tea market are introducing specialty iced teas to strengthen their position in the market. For instance, in September 2022, Honest tea Inc., a US-based organic tea and beverages company introduced a specialty iced tea named "Just Ice Tea", a ready-to-drink organic iced tea. The launch Just Ice Tea's team's goal is to promote "Justice" through Fair Trade premiums and working standards, which relate to a set of environmental and working standards. The company is dedicated to protecting the environment through organic accreditation, which forgoes the use of artificial pesticides, herbicides, insecticides, and fertilizers.

In July 2022, CVC Capital Partners, a Luxembourg-based private equity and investment advisory firm acquired Ekaterra, a Unilever's tea business for 4.5 billion euros (USD 4.8 billion). This acquisition aims for additional development in carrying out and growing their business. Ekaterra is a Netherlands-based tea and beverage company.

The countries covered in the tea market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The tea market research report is one of a series of new reports from The Business Research Company that provides tea market statistics, including tea industry global market size, regional shares, competitors with tea market share, detailed tea market segments, market trends, and opportunities, and any further data you may need to thrive in the tea industry. This tea market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.