Our comprehensive research on the Global Tea and Tea-Based Beverages Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global tea and tea-based beverages market size was US$ 47.2 billion in 2021. The global tea and tea-based beverages market is forecast to grow to US$ 75.6 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The growing e-commerce segment is forecast to drive the tea and tea-based beverages market forward. Furthermore, the introduction of prominent e-commerce platforms, such as Amazon, Alibaba, and Walmart, and their cost-efficient product offering will benefit the overall tea and tea-based beverages market.
The growing offering in the tea industry is forecast to accelerate the growth of the global tea and tea-based beverages market. In addition, the increasing number of cafes, restaurants, hotels, and other places offering tea and other tea beverages will surge the growth of the market during the study period.
The increasing demand for flavored tea will benefit the global tea and tea-based beverages market. Furthermore, the multiple health benefits of tea will surge the growth of the global tea and tea-based beverages market in the coming years. In addition, green tea is becoming increasingly popular among young people. As a result, the entire tea and tea-based beverages market will witness significant growth during the study period.
Regional Analysis
Asia-Pacific is forecast to dominate the global tea and tea-based beverages market. The growth of the market is attributed to the growing consumption of tea and tea beverages in the region. In addition, the presence of a large number of loose tea providers in emerging countries like China and India is forecast to benefit the market. Tea Board of India estimates that the country ranks second globally in terms of tea consumption.
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Competitors in the Market
- Alkaloid AD Skopje
- Amar Tea Private Ltd.
- Ambo Exports Industries Ltd.
- AMORE Pacific Corp.
- Arbor Teas
- Associated British Foods Plc.
- Bettys & Taylors Group Ltd.
- Ceylon Organics Limited
- Girnar Food & Beverages Pvt. Ltd.
- Gujarat Tea Processors & Packers Ltd.
- ITO EN, Ltd.
- Limtex (India) Ltd.
- Mcleod Russel India Ltd.
- Nestle SA
- Numi Inc. P.B.C
- Organic India Private Limited
- Starbucks Corporation
- Tata Group
- The Hain Celestial Group Inc.
- The Republic of Tea
- The Stash Tea Company
- Townshend’s Tea Company
- Twining and Company Limited
- Unilever Group
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Tea and Tea-Based Beverages industry experienced notable growth in its workforce. Starting in January, employment within the Tea and Tea-Based Beverages sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Tea and Tea-Based Beverages output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Tea and Tea-Based Beverages output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Tea and Tea-Based Beverages market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Tea and Tea-Based Beverages market.
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Market Segmentation
The tea and tea-based beverages market has been segmented based on product type–
- Green Tea
- Black Tea
- Oolong Tea
- Herbal Tea
- Others
The tea and tea-based beverages market has been segmented based on the packaging –
- Plastic Containers
- Cartons
- Aluminum Tins
The tea and tea-based beverages market has been segmented based on nature –
- Organic
- Conventional
The tea and tea-based beverages market has been segmented based on format –
- Ready-to-Drink
- Loose Tea Powder
- Tea Bags
The tea and tea-based beverages market has been segmented based on region –
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Tea and Tea-Based Beverages Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Tea and Tea-Based Beverages Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Tea and Tea-Based Beverages Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Tea and Tea-Based Beverages Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Tea and Tea-Based Beverages market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Tea and Tea-Based Beverages market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Tea and Tea-Based Beverages business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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