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Tea Bags Market By Type, By Distribution Channel, By Application, By Shape: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 415 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725441
UP TO OFF until Nov 15th 2024
The tea bags market size was valued at $6,124.0 million in 2021, and is estimated to reach $12,903.1 million by 2031, registering a CAGR of 7.6% from 2022 to 2031. Consumers have started adopting simple and effective tea brewing solutions such as teabags on a large scale. To maintain a healthy lifestyle, people now prefer a cup of green tea on a daily basis. There are numerous varieties of tea bags that differ based on geographical locations. Companies are concentrating their efforts on infusing tea bags with various fragrant flavors and substances to entice customers to buy their teabags. For instance, In the UK, the Tea India company released stunningly colorful, fragrant, and flavored tea bags in January 2020. These bags have different infusions, including scalded milk, oat, cashew, and coconut. The market for tea bags is primarily driven by rise in consumer demand for health-promoting beverages. In addition, during the COVID-19 outbreak, growth in consumer demand for immunity-boosting liquids has led to rise in usage of herbal and green teabags. Furthermore, growth in number of tea vendors and hotels around the world propel the use of tea bags.

The tea bags market is segmented on the basis of type, distribution channel, application, shape, and region. On the basis of type, the market is categorized into green tea, black tea, oolong tea, fruit & herbal tea, and others. On the basis of distribution channel, it is segmented into supermarkets & hypermarkets, specialty stores, convenience stores, online stores, and others. By application, it is segregated into residential and commercial. On the basis of shape, it is segmented into pillow shaped, round shaped, square shaped, pyramid shaped, and others. Region wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Pakistan, and Rest of the Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Egypt, and Rest of LAMEA).

Due to high availability of branded teabag items in the locations, the specialty stores segment is expected to hold a significant share of the market. Furthermore, offering of discounts and deals by these retailers attracts customers to buy teabags from these stores. Asia-Pacific holds the greatest proportion of the global teabag market in 2021. Enormous presence of important teabag brands such as Tenfu Corporation in countries such as China and India, Asia-Pacific. The outbreak of COVID-19 has negatively impacted the tea bags market. The outbreak of COVID-19 pandemic has forced government bodies to impose strict closures of production facilities, restaurants, hotels, and cafes to maintain safety measures and implement social distancing, which had led to decrease in production and distribution of tea bags. Thus, declining growth of the tea bags market in 2020.

Major players operating in the market are Associated British Foods Plc., Barry's Tea, Nestle S. A., Northern Tea Merchants Ltd., Numi, Inc., Organic India, Tata Consumer Products, The Hain Celestial Group, Inc., The Kroger Company and Unilever Plc.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tea bags market analysis from 2021 to 2031 to identify the prevailing tea bags market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the tea bags market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global tea bags market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Fruit and Herbal Tea
  • Others
  • Green Tea
  • Black Tea
  • Oolong Tea

By Distribution Channel

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Stores
  • Others

By Application

  • Residential
  • Commercial

By Shape

  • Pillow Shaped
  • Round Shaped
  • Square Shaped
  • Pyramid Shaped
  • Others

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • U. K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Pakistan
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Turkey
  • Saudi Arabia
  • Egypt
  • Rest of LAMEA

Key Market Players

  • Associated British Foods Plc
  • Barrys Tea
  • Nestle SA
  • Northern tea Merchants Ltd
  • Numi Organic Tea
  • Organic India
  • Tata Consumer Products
  • The Hain Celestial Group Inc
  • The Kroger Company
  • Unilever Plc

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: TEA BAGS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Green Tea
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Black Tea
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Oolong Tea
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Fruit and Herbal Tea
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country

CHAPTER 5: TEA BAGS MARKET, BY DISTRIBUTION CHANNEL
5.1 Overview
5.1.1 Market size and forecast
5.2 Supermarkets and Hypermarkets
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Specialty Stores
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Convenience Stores
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Online Stores
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country

CHAPTER 6: TEA BAGS MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Residential
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Commercial
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country

CHAPTER 7: TEA BAGS MARKET, BY SHAPE
7.1 Overview
7.1.1 Market size and forecast
7.2 Pillow Shaped
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Round Shaped
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Square Shaped
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Pyramid Shaped
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country
7.6 Others
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market analysis by country

CHAPTER 8: TEA BAGS MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Type
8.2.3 North America Market size and forecast, by Distribution Channel
8.2.4 North America Market size and forecast, by Application
8.2.5 North America Market size and forecast, by Shape
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Type
8.2.6.1.2 Market size and forecast, by Distribution Channel
8.2.6.1.3 Market size and forecast, by Application
8.2.6.1.4 Market size and forecast, by Shape
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Type
8.2.6.2.2 Market size and forecast, by Distribution Channel
8.2.6.2.3 Market size and forecast, by Application
8.2.6.2.4 Market size and forecast, by Shape
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Type
8.2.6.3.2 Market size and forecast, by Distribution Channel
8.2.6.3.3 Market size and forecast, by Application
8.2.6.3.4 Market size and forecast, by Shape
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Type
8.3.3 Europe Market size and forecast, by Distribution Channel
8.3.4 Europe Market size and forecast, by Application
8.3.5 Europe Market size and forecast, by Shape
8.3.6 Europe Market size and forecast, by country
8.3.6.1 U. K.
8.3.6.1.1 Market size and forecast, by Type
8.3.6.1.2 Market size and forecast, by Distribution Channel
8.3.6.1.3 Market size and forecast, by Application
8.3.6.1.4 Market size and forecast, by Shape
8.3.6.2 Germany
8.3.6.2.1 Market size and forecast, by Type
8.3.6.2.2 Market size and forecast, by Distribution Channel
8.3.6.2.3 Market size and forecast, by Application
8.3.6.2.4 Market size and forecast, by Shape
8.3.6.3 France
8.3.6.3.1 Market size and forecast, by Type
8.3.6.3.2 Market size and forecast, by Distribution Channel
8.3.6.3.3 Market size and forecast, by Application
8.3.6.3.4 Market size and forecast, by Shape
8.3.6.4 Italy
8.3.6.4.1 Market size and forecast, by Type
8.3.6.4.2 Market size and forecast, by Distribution Channel
8.3.6.4.3 Market size and forecast, by Application
8.3.6.4.4 Market size and forecast, by Shape
8.3.6.5 Spain
8.3.6.5.1 Market size and forecast, by Type
8.3.6.5.2 Market size and forecast, by Distribution Channel
8.3.6.5.3 Market size and forecast, by Application
8.3.6.5.4 Market size and forecast, by Shape
8.3.6.6 Russia
8.3.6.6.1 Market size and forecast, by Type
8.3.6.6.2 Market size and forecast, by Distribution Channel
8.3.6.6.3 Market size and forecast, by Application
8.3.6.6.4 Market size and forecast, by Shape
8.3.6.7 Rest of Europe
8.3.6.7.1 Market size and forecast, by Type
8.3.6.7.2 Market size and forecast, by Distribution Channel
8.3.6.7.3 Market size and forecast, by Application
8.3.6.7.4 Market size and forecast, by Shape
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Type
8.4.3 Asia-Pacific Market size and forecast, by Distribution Channel
8.4.4 Asia-Pacific Market size and forecast, by Application
8.4.5 Asia-Pacific Market size and forecast, by Shape
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Type
8.4.6.1.2 Market size and forecast, by Distribution Channel
8.4.6.1.3 Market size and forecast, by Application
8.4.6.1.4 Market size and forecast, by Shape
8.4.6.2 India
8.4.6.2.1 Market size and forecast, by Type
8.4.6.2.2 Market size and forecast, by Distribution Channel
8.4.6.2.3 Market size and forecast, by Application
8.4.6.2.4 Market size and forecast, by Shape
8.4.6.3 Japan
8.4.6.3.1 Market size and forecast, by Type
8.4.6.3.2 Market size and forecast, by Distribution Channel
8.4.6.3.3 Market size and forecast, by Application
8.4.6.3.4 Market size and forecast, by Shape
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Type
8.4.6.4.2 Market size and forecast, by Distribution Channel
8.4.6.4.3 Market size and forecast, by Application
8.4.6.4.4 Market size and forecast, by Shape
8.4.6.5 Australia
8.4.6.5.1 Market size and forecast, by Type
8.4.6.5.2 Market size and forecast, by Distribution Channel
8.4.6.5.3 Market size and forecast, by Application
8.4.6.5.4 Market size and forecast, by Shape
8.4.6.6 Pakistan
8.4.6.6.1 Market size and forecast, by Type
8.4.6.6.2 Market size and forecast, by Distribution Channel
8.4.6.6.3 Market size and forecast, by Application
8.4.6.6.4 Market size and forecast, by Shape
8.4.6.7 Rest of Asia-Pacific
8.4.6.7.1 Market size and forecast, by Type
8.4.6.7.2 Market size and forecast, by Distribution Channel
8.4.6.7.3 Market size and forecast, by Application
8.4.6.7.4 Market size and forecast, by Shape
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Type
8.5.3 LAMEA Market size and forecast, by Distribution Channel
8.5.4 LAMEA Market size and forecast, by Application
8.5.5 LAMEA Market size and forecast, by Shape
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Type
8.5.6.1.2 Market size and forecast, by Distribution Channel
8.5.6.1.3 Market size and forecast, by Application
8.5.6.1.4 Market size and forecast, by Shape
8.5.6.2 South Africa
8.5.6.2.1 Market size and forecast, by Type
8.5.6.2.2 Market size and forecast, by Distribution Channel
8.5.6.2.3 Market size and forecast, by Application
8.5.6.2.4 Market size and forecast, by Shape
8.5.6.3 Turkey
8.5.6.3.1 Market size and forecast, by Type
8.5.6.3.2 Market size and forecast, by Distribution Channel
8.5.6.3.3 Market size and forecast, by Application
8.5.6.3.4 Market size and forecast, by Shape
8.5.6.4 Saudi Arabia
8.5.6.4.1 Market size and forecast, by Type
8.5.6.4.2 Market size and forecast, by Distribution Channel
8.5.6.4.3 Market size and forecast, by Application
8.5.6.4.4 Market size and forecast, by Shape
8.5.6.5 Egypt
8.5.6.5.1 Market size and forecast, by Type
8.5.6.5.2 Market size and forecast, by Distribution Channel
8.5.6.5.3 Market size and forecast, by Application
8.5.6.5.4 Market size and forecast, by Shape
8.5.6.6 Rest of LAMEA
8.5.6.6.1 Market size and forecast, by Type
8.5.6.6.2 Market size and forecast, by Distribution Channel
8.5.6.6.3 Market size and forecast, by Application
8.5.6.6.4 Market size and forecast, by Shape

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 Associated British Foods Plc
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Barrys Tea
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Nestle SA
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Northern tea Merchants Ltd
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Numi Organic Tea
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Organic India
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Tata Consumer Products
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 The Hain Celestial Group Inc
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 The Kroger Company
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Unilever Plc
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Tea Bags Market,' the tea bags market was valued at $6.1 billion in 2021, and is estimated to reach $12.9 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.

Tea bags is a small porous sachet that contains tea leaves or powdered tea, on to which boiling water is poured to make readily drinkable tea. Tea bags are available with string and label or not. According to UK Tea & Infusions Association, 96% of British people consume their tea with tea bags. Innovative ways of attracting customers towards tea by eye-catching presentation of the teas and infusion of flavors in tea through tea bags are likely to supplement the growth of the market during the forecast period. Growth in urbanization leads to increase in cafés, restaurants, and hotels where tea bags are considerably used furthermore expansions of the metro cities with a rising tea liking population are likely to supplement the growth of the market.

The demand for tea is driven by several health benefits associated with it, such as it is rich in antioxidants such as polyphenols, which majorly include flavonoids and catechins. These prevent large-scale cellular destruction via stabilization of harmful free radicals present in the human body. The nutritional composition of tea includes vitamins (C, K, B12, B6, and E), minerals (trace amount of potassium, manganese, magnesium, and calcium), and amino acids (L-theanine). Moreover, as per research conducted by different reputed organizations, Ready to drink tea is proven to prevent different types of cancers, lowers cholesterol, boosts immunity, facilitates weight loss, and prevent neurological diseases. Altogether, the abovementioned factors indicate that health benefits associated with tea drive the tea bags market growth.

Online retail is gaining significant popularity and is being used frequently to sell and buy products. The proliferation of smartphones and growing usage of social media nowadays are attracting alcoholic and non-alcoholic beverage manufacturers and advertising media companies to promote their products on social media. Thus, supplementing the growth of the tea bags market share during forecast period.

However, availability of tea substitute products including coffee and drinks at cost-effective prices and trend of coffee consumption are expected to restrict the market growth. The outbreak of the pandemic has negatively affected the global tea bags market, owing to the fact that cafes and restaurants were temporarily shuttered during the lockdown and export and import activities were also shut down temporarily leading to scarcity of tea was created and increase in price. Thus, COVID-19 negatively affected growth of the tea bags market during the forecast period.

The tea bags market is segmented on the basis of type, distribution channel, application, shape, and region. On the basis of type, the market is categorized into green tea, black tea, oolong tea, fruit & herbal tea, and others. On the basis of distribution channel, it is segmented into supermarkets & hypermarkets, specialty stores, convenience stores, online stores, and others. By application, it is segregated into residential and commercial. On the basis of shape, it is segmented into pillow shaped, round shaped, square shaped, pyramid shaped, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Pakistan, and Rest of the Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Egypt, and Rest of LAMEA).

On the basis of type, the black tea segment was the highest contributor to the tea bags market, with $1,619.4 million in 2021, and is estimated to reach $2,673.5 million by 2031, at a CAGR of 4.9% during the forecast period. Growth of the black tea segment is driven by rise in number of tea drinkers across the globe. Furthermore, high concentration of antioxidants and polyphenols makes black tea popular among health-conscious people, which propels growth of the black tea segment. Moreover, it helps in curing various illnesses such as headaches and cancer as well as aids in regulating blood pressure.

According to tea bags market analysis, by distribution channels, the supermarkets and hypermarkets segment was the most prominent segment accounting for the highest share in the product market. Hypermarkets/supermarkets are becoming increasingly popular, owing to the availability of a wide range of groceries and beverages under one roof as well as adequate parking and convenient operating hours. Furthermore, the popularity of hypermarkets/ supermarkets is led by urbanization, increase in working class population, and competitive pricing. Furthermore, these stores offer a wide range of product categories giving customers more choices when it comes to purchasing tea bags
According to tea bags market trends, by application, the commercial segment was the significant contributor to the tea bags market size, with $2,194.9 million in 2021, and is estimated to reach $5,093.6 million by 2031, at a CAGR of 8.6% during the forecast period. People majorly visit cafes, restaurants, independent tea bars, and hotels for drinking tea, owing high standard of services, privacy, and community involvement. The growing millennial population and consumer awareness regarding the medical benefits of fruit and herbal tea is majorly influencing growth of the product market through tea bars, restaurants, and cafes.

According to tea bags market opportunities, region wise, North America garnered a considerable share in the market in 2021, and is expected to increase its share throughout the forecast period. This is attributed to increased spending of customers on healthier beverages. Furthermore, intense marketing and celebrity brand endorsements for various tea bag flavors drive sales in this region. Moreover, presence of major tea bags industry players in the region that have high-volume production facilities leads to increase in production of tea bags. Thus, all these factors collectively drive growth of the North America market.

Players operating in the global tea bags industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Associated British Foods Plc., Barry's Tea, Nestle S.A., Northern Tea Merchants Ltd., Numi, Inc., Organic India, Tata Consumer Products, The Hain Celestial Group, Inc., The Kroger Company, and Unilever Plc.,

Key findings of the study

The tea bags market size was valued at $6,124.0 million in 2021, and is estimated to reach $12,903.1 million by 2031, registering a CAGR of 7.6% from 2022 to 2031.

In 2021, by type, the green tea segment is estimated to witness the significant growth, registering a CAGR of 8.9% during the forecast period.

In 2021, depending on distribution channel, the specialty stores segment was valued at $1,008.7 million, accounting for 16.5% of the global tea bags market share.

In 2021, by application, the residential segment is estimated to witness significant growth, registering a CAGR of 6.9% during the forecast period.

In 2021, depending on shape, the round shaped segment was valued at $768.7 million, accounting for 12.6% of the global tea bags market.

In 2021, depending on region, China is estimated to witness highest growth, registering a CAGR of 8.9% during the forecast period.

Companies Mentioned

  • Associated British Foods PLC
  • Barrys Tea
  • Nestle SA
  • Northern Tea Merchants Ltd.
  • Numi Organic Tea
  • Organic India
  • Tata Consumer Products
  • the Hain Celestial Group Inc.
  • the Kroger Company
  • Unilever PLC

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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