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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 attained a value of USD 49.75 billion in 2022. The market is anticipated to reach a value of USD 71.37 billion by 2028, growing at a CAGR of 6.2% in the forecast period of 2023-2028.
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.
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Key findings from the report:
Expert Market Research has analysed the global tea market according to source, type, packaging type, application, distribution channel, major regions, and top players:
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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