Summary Global Tea Market Growth Forecast 2020-2025: Black, Green, Herbal, Oolong, and Other Teas - ResearchAndMarkets.com | Business Wire www.businesswire.com
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The global tea market is expected to experience steady growth driven by the popularity of green and herbal teas, particularly in the Asia-Pacific region due to rising incomes and heightened awareness.
Slides
Slide Presentation (7 slides)
Key Points
- The global tea market is expected to witness a CAGR of 4.5% during the forecast period 2020-2025.
- Green and herbal/flavored tea are expected to experience the maximum growth due to the awareness of their health benefits.
- Consumption of carbonated tea drinks is a new trend in the tea industry, fueling market growth.
- Asia-Pacific has the largest market for tea consumption, driven by rapid growth in per capita incomes.
- The market is highly fragmented and competitive, with key players based in North America and Europe.
Summaries
30 word summary
The global tea market is projected to grow at a 4.5% CAGR from 2020-2025, with green and herbal teas leading growth. Asia-Pacific dominates, driven by increased awareness and rising incomes.
95 word summary
The global tea market is expected to grow at a CAGR of 4.5% from 2020 to 2025. Green and herbal/flavored teas are projected to have the highest growth due to increased awareness of their health benefits. Carbonated tea drinks are also contributing to market growth. The Asia-Pacific region leads the market, with China, India, and Russia experiencing rapid tea consumption growth. Key players in the market are focusing on expansions, innovations, and new product launches. The market is expected to experience significant growth driven by consumer awareness and the Asia-Pacific region's demographics and rising incomes.
153 word summary
The global tea market is projected to grow at a CAGR of 4.5% from 2020 to 2025. While black tea currently dominates the market, the highest growth is expected in green and herbal/flavored teas due to increased awareness of their health benefits. The consumption of carbonated tea drinks is also contributing to market growth. Consumers are increasingly inclined towards herbal and green tea, driven by awareness of their health benefits. The Asia-Pacific region leads the market, with rapid tea consumption growth in countries like China, India, and Russia. The market is highly competitive, with key players focusing on expansions, innovations, and new product launches. Black tea, green tea, herbal tea, oolong tea, and other product types are the main segments, with bags and loose tea as packaging formats and various distribution channels. Overall, the market is expected to experience significant growth, driven by consumer awareness and the Asia-Pacific region's demographics and rising incomes.
345 word summary
The global tea market is expected to grow at a CAGR of 4.5% during the forecast period of 2020-2025. While the black tea segment currently holds a prominent share in the market, the maximum growth is projected for green and herbal/flavored teas due to the increasing awareness of their health benefits. Consumption of carbonated tea drinks is also a new trend that is driving the growth of the tea market.
One key trend in the market is the increasing inclination towards herbal and green tea. Consumers are becoming more aware of the health benefits associated with these types of tea, leading to their growing popularity. Factors such as rise in disposable income, changes in taste and preferences, and the introduction of additional healthy ingredients in tea by different market players are also contributing to the market growth.
The Asia-Pacific region is currently leading the global tea market. The growth in tea consumption in this region is driven by rapid growth in per capita incomes, particularly in developing countries like China, India, and Russia. These countries have a large middle class population with a preference for premium tea blends and brands.
The global tea market is highly fragmented and competitive. Key players are based in North America and Europe, while smaller regional players cater to specific regions. The key strategies adopted by players in the market include expansions, innovations, and new product launches.
In terms of product segmentation, the market is categorized into black tea, green tea, herbal tea, oolong tea, and other product types. The packaging formats include bags and loose tea, while distribution channels include supermarkets/hypermarkets, convenience stores, online retailers, and other distribution channels.
Overall, the global tea market is expected to experience significant growth in the coming years, driven by increasing consumer awareness of the health benefits of tea, particularly herbal and green varieties. The Asia-Pacific region will continue to be a key market due to its large population and rising disposable incomes. The market is highly competitive, with key players focusing on expansions and product innovations to stay ahead in the market.