This report titled Tea Market - Growth, Future Prospects, and Competitive Analysis, 2022 - 2030 offers strategic insights into the trends in the global tea market along with the market size and forecast for the duration 2022 to 2030. The said research study incorporates in-depth analysis of multiple market segments based on product type and geographical distribution.
The global tea market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across Asia Pacific, North America, and Europe.
Based on product types, the global tea market is categorized into leaf tea, CTC tea and others. On the basis of leaf tea type, this segment is further categorized into green tea, black tea, and oolong tea. Market size and forecast for all the considered segmentation is presented in this report for the period 2020-2030 (US$ Million ) along with their respective CAGRs for the forecast period 2022-2030 (Value %).
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global tea market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in manufacturing of tea. The major companies profiled in this report include Wissotzky Tea Inc., Unilever Ltd., Akbar Brothers Ltd., Twinings of London Ltd., Tata Global beverages Ltd., Associated British Foods plc, Nestle S.A., Da Yi Tea Grp, Barry’s Tea, McLead Russel Ltd., Harney and Sons Ltd., and Teavana Ltd.
Changing lifestyle provide an opportunity to the tea industry as the growing middle class and urbanized population of many emerging and developing markets influence the consumption of tea. The black tea segment is expected to contribute relatively high revenue over the forecast period. Green tea segment is also expected to witness favorable revenue growth in the global tea market. The major factors that drive the global market for green tea include growing consumer awareness for healthy and safe products and the growing number of people suffering from obesity, cancer digestive disorders. It is estimated that by 2020 the overweight population will increase to 60 million, which will drive the demand for green tea in future. Among all major markets for type, black tea and green tea segments are expected to witness significant growth rates over the forecast period.
At present, Asia Pacific and North America are the largest regional markets for tea manufacturing. These regions are domicile for several large, mid and small-sized (niche) tea manufacturers that offer a wide range of products. Tea market is also rapidly picking up pace in North America and Europe when compared with other regions. Urge for cost containment and focus on core competencies, along with growing need for skilled workforce are the key market derivers in these regions. On the other hand, Asia Pacific is the fastest growing market for tea manufacturing. Availability of huge resource in the region along with offering of competitive service pricing, and emergence of several large-sized companies in the region make Asia Pacific a significantly lucrative hub for tea manufacturing. China and India are anticipated to be the most prominent country-level markets for tea during the forecast period.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
This product will be delivered within 2 business days.
The global tea market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across Asia Pacific, North America, and Europe.
Based on product types, the global tea market is categorized into leaf tea, CTC tea and others. On the basis of leaf tea type, this segment is further categorized into green tea, black tea, and oolong tea. Market size and forecast for all the considered segmentation is presented in this report for the period 2020-2030 (US$ Million ) along with their respective CAGRs for the forecast period 2022-2030 (Value %).
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global tea market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in manufacturing of tea. The major companies profiled in this report include Wissotzky Tea Inc., Unilever Ltd., Akbar Brothers Ltd., Twinings of London Ltd., Tata Global beverages Ltd., Associated British Foods plc, Nestle S.A., Da Yi Tea Grp, Barry’s Tea, McLead Russel Ltd., Harney and Sons Ltd., and Teavana Ltd.
Changing lifestyle provide an opportunity to the tea industry as the growing middle class and urbanized population of many emerging and developing markets influence the consumption of tea. The black tea segment is expected to contribute relatively high revenue over the forecast period. Green tea segment is also expected to witness favorable revenue growth in the global tea market. The major factors that drive the global market for green tea include growing consumer awareness for healthy and safe products and the growing number of people suffering from obesity, cancer digestive disorders. It is estimated that by 2020 the overweight population will increase to 60 million, which will drive the demand for green tea in future. Among all major markets for type, black tea and green tea segments are expected to witness significant growth rates over the forecast period.
At present, Asia Pacific and North America are the largest regional markets for tea manufacturing. These regions are domicile for several large, mid and small-sized (niche) tea manufacturers that offer a wide range of products. Tea market is also rapidly picking up pace in North America and Europe when compared with other regions. Urge for cost containment and focus on core competencies, along with growing need for skilled workforce are the key market derivers in these regions. On the other hand, Asia Pacific is the fastest growing market for tea manufacturing. Availability of huge resource in the region along with offering of competitive service pricing, and emergence of several large-sized companies in the region make Asia Pacific a significantly lucrative hub for tea manufacturing. China and India are anticipated to be the most prominent country-level markets for tea during the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Tea market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Tea market and their expected impact during the forecast period.
Market Segmentation
Products
- Leaf Tea
- Black Tea
- Green Tea
- Oolong Tea
- CTC Tea
- Others
Key Questions Answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Tea market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Tea market?
- Which is the largest regional market for Tea market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Tea market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Tea market worldwide?
This product will be delivered within 2 business days.
Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Tea Market
2.2. Global Tea Market, By Products, 2021 (US$ Million)
2.3. Global Tea Market, By Geography, 2021 (US$ Million)
2.4. Impact of Covid 19
2.5. Attractive Investment Proposition by Geography, 2021
2.6. Competitive Analysis
2.6.1. Market Positioning of Key Tea Market Vendors
2.6.2. Strategies Adopted by Tea Market Vendors
2.6.3. Key Industry Strategies
3. Tea Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Tea Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Tea Market: By Products, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Leaf Tea
4.3.1.1. Black Tea
4.3.1.2. Green Tea
4.3.1.3. Oolong Tea
4.3.2. CTC Tea
4.3.3. Others5. North America Tea Market, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Tea Market: By Products, 2020-2030, USD (Million)
5.3.Tea Market: By Region, 2020-2030, USD (Million)
5.3.1.North America
5.3.1.1. U.S.
5.3.1.2. Canada
5.3.1.3. Rest of North America
6. UK and European Union Tea Market, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Tea Market: By Products, 2020-2030, USD (Million)
6.3.Tea Market: By Region, 2020-2030, USD (Million)
6.3.1.UK and European Union
6.3.1.1. UK
6.3.1.2. Germany
6.3.1.3. Spain
6.3.1.4. Italy
6.3.1.5. France
6.3.1.6. Rest of Europe
7. Asia Pacific Tea Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Tea Market: By Products, 2020-2030, USD (Million)
7.3.Tea Market: By Region, 2020-2030, USD (Million)
7.3.1.Asia Pacific
7.3.1.1. China
7.3.1.2. Japan
7.3.1.3. India
7.3.1.4. Australia
7.3.1.5. South Korea
7.3.1.6. Rest of Asia Pacific
8. Latin America Tea Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Tea Market: By Products, 2020-2030, USD (Million)
8.3.Tea Market: By Region, 2020-2030, USD (Million)
8.3.1.Latin America
8.3.1.1. Brazil
8.3.1.2. Mexico
8.3.1.3. Rest of Latin America
9. Middle East and Africa Tea Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Tea Market: By Products, 2020-2030, USD (Million)
9.3.Tea Market: By Region, 2020-2030, USD (Million)
9.3.1.Middle East and Africa
9.3.1.1. GCC
9.3.1.2. Africa
9.3.1.3. Rest of Middle East and Africa
10. Company Profile
10.1. Akbar Brothers Ltd.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Portfolio
10.1.4. Strategic Initiatives
10.2. Associated British Foods plc.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Portfolio
10.2.4. Strategic Initiatives
10.3. Barry’s Tea
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Portfolio
10.3.4. Strategic Initiatives
10.4. Da Yi Tea Grp.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Portfolio
10.4.4. Strategic Initiatives
10.5. Harney and Sons Ltd.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Portfolio
10.5.4. Strategic Initiatives
10.6. McLead Russel Ltd.
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Portfolio
10.6.4. Strategic Initiatives
10.7. Nestle S.A.
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Portfolio
10.7.4. Strategic Initiatives
10.8. Tata Global beverages Ltd.
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Portfolio
10.8.4. Strategic Initiatives
10.9. Teavana Ltd.
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Portfolio
10.9.4. Strategic Initiatives
10.10. Twining of London Ltd.
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Portfolio
10.10.4. Strategic Initiatives
10.11. Unilever Ltd.
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Portfolio
10.11.4. Strategic Initiatives
10.12. Wissotzky Tea
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Portfolio
10.12.4. Strategic Initiatives
List of Figures
Figure 1. Global Tea Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Tea Market: Quality Assurance
Figure 5 Global Tea Market, By Products, 2021
Figure 6 Global Tea Market, By Geography, 2021
Figure 7 Global Tea Market, By Products, 2021 Vs 2030, %
Figure 8 U.S. Tea Market (US Million), 2020 - 2030
Figure 9 Canada Tea Market (US Million), 2020 - 2030
Figure 10 Rest of North America Tea Market (US Million), 2020 - 2030
Figure 11 UK Tea Market (US Million), 2020 - 2030
Figure 12 Germany Tea Market (US Million), 2020 - 2030
Figure 13 Spain Tea Market (US Million), 2020 - 2030
Figure 14 Italy Tea Market (US Million), 2020 - 2030
Figure 15 France Tea Market (US Million), 2020 - 2030
Figure 16 Rest of Europe Tea Market (US Million), 2020 - 2030
Figure 17 China Tea Market (US Million), 2020 - 2030
Figure 18 Japan Tea Market (US Million), 2020 - 2030
Figure 19 India Tea Market (US Million), 2020 - 2030
Figure 20 Australia Tea Market (US Million), 2020 - 2030
Figure 21 South Korea Tea Market (US Million), 2020 - 2030
Figure 22 Rest of Asia Tea Market (US Million), 2020 - 2030
Figure 23 Brazil Tea Market (US Million), 2020 - 2030
Figure 24 Mexico Tea Market (US Million), 2020 - 2030
Figure 25 Rest of Latin America Tea Market (US Million), 2020 - 2030
Figure 26 GCC Tea Market (US Million), 2020 - 2030
Figure 27 Africa Tea Market (US Million), 2020 - 2030
Figure 28 Rest of Middle East and Africa Tea Market (US Million), 2020 - 2030
List of Tables
Table 1 Global Tea Market By Products, 2020-2030, USD (Million)
Table 2 Global Tea Market By Leaf Tea, 2020-2030, USD (Million)
Table 3 North America Tea Market By Products, 2020-2030, USD (Million)
Table 4 North America Tea Market By Leaf Tea, 2020-2030, USD (Million)
Table 5 UK and European Union Tea Market By Products, 2020-2030, USD (Million)
Table 6 UK and European Union Tea Market By Leaf Tea, 2020-2030, USD (Million)
Table 7 Asia Pacific Tea Market By Products, 2020-2030, USD (Million)
Table 8 Asia Pacific Tea Market By Leaf Tea, 2020-2030, USD (Million)
Table 9 Latin America Tea Market By Products, 2020-2030, USD (Million)
Table 10 Latin America Tea Market By Leaf Tea, 2020-2030, USD (Million)
Table 11 Middle East and Africa Tea Market By Products, 2020-2030, USD (Million)
Table 12 Middle East and Africa Tea Market By Leaf Tea, 2020-2030, USD (Million)
Companies Mentioned
- Akbar Brothers Ltd.
- Associated British Foods plc.
- Barry’s Tea
- Da Yi Tea Grp.
- Harney and Sons Ltd.
- McLead Russel Ltd.
- Nestle S.A.
- Tata Global beverages Ltd.
- Teavana Ltd.
- Twining of London Ltd.
- Unilever Ltd.
- Wissotzky Tea.
