Posted on 14 Jan 2019

Global Tea Market to Reach 7.5 Million Tons by 2024

Tea is a hot beverage prepared by brewing or boiling the dried leaves of the plant Camellia sinensis. It finds its origin in China and is considered as the world’s second most popular beverage after water. This is mainly due to the convenience that tea offers as it can be prepared easily and quickly by anyone. The popularity of tea can also be attributed to the dietary properties of tea leaves.



It contains a particular variety of polyphenols known as catechins which help to fight cancer, tumours and unwanted genetic changes. Drinking tea is also associated with benefits such as strong immune system, controlled blood pressure along with reduced risks of diabetes and dental decay. According to a new report by Expert Market Research, the global tea market reached a volume of 6.1 Million Tons in 2018 and is further expected to reach 7.5 Million Tons by 2024.

The market growth can be highly accredited to the changing consumer preferences towards healthier beverages. Rising awareness about the myriad health benefits of tea acts as a predominant force driving its popularity. Moreover, the increasing trend of ready-to-drink tea has also influenced its global demand significantly. Introduction of new flavours and convenient packs is another key factor that has helped maintain a constant demand for tea across the world.  

Key findings from the report:

  • The different types of tea Include Black Tea, Green Tea and Others (White Tea/Oolong Tea). In 2018, Black Tea represented the most popular type of tea with a share of more than a half of the total global consumption.
  • Various formats of tea include loose, simple square chamber, double chamber bags or pyramids.
  • Region-wise, China dominated the market with a share of more than a fifth of the total global production in 2018. Some of the other markets include India, Kenya, Sri Lanka, Turkey, Vietnam and Others.
  • Some of the key players operating in the market are Unilever, Tata Tea, Twinings, McLeod Russel and James Finlay. These players are actively experimenting with different flavour profiles such as chocolate, pomegranate, acai and turmeric to tea sachets.

global tea market

Click here for summary of the report: https://www.expertmarketresearch.com/reports/tea-market

Expert Market Research has analysed the global tea market according to type, tea formats, major regions and top players:

Market breakup by Type

  • Black Tea
  • Green Tea
  • Others (White Tea/Oolong Tea)

Market by Tea Formats

  • Loose tea
  • Square chamber
  • Double- chamber tagged
  • Pyramid

Market breakup by Region

  • China
  • India
  • Kenya
  • Sri Lanka
  • Turkey
  • Vietnam
  • Others

Top players

  • Unilever
  • Tata Tea
  • Twinings
  • McLeod Russel
  • James Finlay

 

About Us

Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

 

Contact Us

Expert Market Research
Websitewww.expertmarketresearch.com
Email:sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790


Related Report

Indian Food Fortification Premix Market Report

During 2014-2018, the global tea market grew at a CAGR of around 5%. The market is currently being driven by an increasing demand for healthier beverages, RTD (Ready-to-drink) teas, growing demand in ...

Global Sorbitol Market Report

Sorbitol, a six-carbon sugar alcohol, occurs in plants naturally. It can also be synthesized through catalytic hydrogenation of D-glucose to produce D-sorbitol.

Europe Natural Sweeteners Market Report

The European Natural Sweeteners market is expected to witness a CAGR of 2.3% annually during the forecasted period from 2019 to 2024. The international high-intensity sweetener market has grown with n...

Global Saccharin Market Report

Saccharin is an organic petroleum-based compound which is 300-500 times sweeter than sucrose and used as artificial sweetener in products such as cookies, medicines, soft drinks and candies.

Global Maltodextrin Market Report

Maltodextrin is used as a horticultural insecticide both in the field and in greenhouses. It also finds usage in pharmaceuticals such as in the form of diluents in tablets and coating material for the...

Have any queries or concern?

USA - Canada: +1-415-325-5166

UK: +44-702-402-5790

Email: sales@expertmarketresearch.com