Global Tea Market 2020-2024
Technavio has been monitoring the global tea market and it is poised to grow by USD 13.24 bn during 2020-2024
, progressing at a CAGR of 5% during the forecast period. Our reports on global tea market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by functional benefits of tea.
In addition, rapid rise in consumption of green tea is anticipated to boost the growth of the global tea market as well.
Technavio's global tea market is segmented as below:
ProductBlack tea Green tea OthersDistribution channelOffline OnlineGeographic segmentationNorth America APAC Europe South America MEA
Key Trends for global tea market growth
This study identifies rapid rise in consumption of green tea as the prime reasons driving the global tea market growth during the next few years.
Prominent vendors in global tea market
We provide a detailed analysis of around 25 vendors operating in the global tea market, including some of the vendors such as Arteasans Beverages LLC, Associated British Foods Plc, ITO EN Ltd., NestlÃ© SA, Numi Inc., Starbucks Corp., Tata Global Beverages, The Hain Celestial Group Inc., The Republic of Tea and Unilever Group .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook