Global Packaged Tea Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

Global Packaged Tea Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

The global packaged tea market is estimated to reach US$65.22 billion in 2024, growing at a CAGR of 6.91% for the period spanning from 2020 to 2024. The factors such as increasing per capita disposable income, prevalence of tea culture, growing e-commerce, growing health awareness, introduction of healthy ingredients in tea and introduction of new flavors and new varieties in tea are expected to drive the market. However, growth of the industry will be challenged by fluctuating prices of raw materials caused by unpredictable climatic conditions and health related concerns. A few notable trends include increasing consumption of iced tea, increasing demand for herbal tea and rising popularity of organic tea.

The global packaged tea market is segmented into black, green, fruit/herbal, instant and others. The global packaged tea market is highly dominated by black tea owing to surge in caffeine beverages consumption and growing health and fitness awareness.

The global packaged tea market is expected to grow in future due to growing health and fitness awareness and introduction of additional healthy ingredients in tea. In terms of geographical areas, Asia Pacific is the major contributor to the global packaged tea market supported by increasing urban population, growing disposable income and growing awareness regarding health benefits.

Scope of the report:

  • The report provides a comprehensive analysis of the global packaged tea market, segmented into black, green, fruit/herbal, instant and others.
  • The major regional markets have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Unilever Group, Tata Consumer Products Ltd, Associated British Foods Plc, ITO EN, Ltd, Hain Celestial Group and DAVIDsTEA, Inc.) are also presented in detail.
Key Target Audience:
  • Packaged Tea Manufacturers
  • End Users
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities

  • 1. Introduction
    1.1 Tea
    1.2 Types of Tea
    Table 1: Types of Tea
    1.3 Tea Packaging
    Table 2: Pros and Cons of Tea Bags and Loose Leaf Tea
    2. Impact of COVID-19
    2.1 Decline in Global GDP Growth
    Table 3: Global GDP Growth Rate (2005-2020)
    2.2 Rise in Unemployment
    Table 4: Unemployment Based on Income Groups (2020)
    2.3 Decline in Global Trade
    Table 5: Global Merchandise Trade Values (2020)
    2.4 Decline in Industrial Production
    Table 6: Industrial Production Index (2019-2020)
    3. Global Packaged Tea Market Analysis
    3.1 Global Packaged Tea Market by Value
    Table 7: Global Packaged Tea Market by Value (2015-2019)
    3.2 Global Packaged Tea Market Forecast by Value
    Table 8: Global Packaged Tea Market Forecast by Value (2020-2024)
    3.3 Global Packaged Tea Market Volume
    Table 9: Global Packaged Tea Market Volume (2015-2019)
    3.4 Global Packaged Tea Market Volume Forecast
    Table 10: Global Packaged Tea Market Volume Forecast (2020-2024)
    3.5 Global Packaged Tea Market by Type
    Table 11: Global Packaged Tea Market by Type (2019)
    3.5.1 Global Black Packaged Tea Market by Value
    Table 12: Global Black Packaged Tea Market by Value (2015-2019)
    3.5.2 Global Black Packaged Tea Market Forecast by Value
    Table 13: Global Black Packaged Tea Market Forecast by Value (2020-2024)
    3.5.3 Global Green Packaged Tea Market by Value
    Table 14: Global Green Packaged Tea Market by Value (2015-2019)
    3.5.4 Global Green Packaged Tea Market by Value
    Table 15: Global Green Packaged Tea Market Forecast by Value (2020-2024)
    3.5.5 Global Fruit/Herbal Packaged Tea Market by Value
    Table 16: Global Fruit/Herbal Packaged Tea Market by Value (2015-2019)
    3.5.6 Global Fruit/Herbal Packaged Tea Market Forecast by Value
    Table 17: Global Fruit/Herbal Packaged Tea Market Forecast by Value (2020-2024)
    3.5.7 Global Instant Packaged Tea Market by Value
    Table 18: Global Instant Packaged Tea Market by Value (2015-2019)
    3.5.8 Global Instant Packaged Tea Market Forecast by Value
    Table 19: Global Instant Packaged Tea Market Forecast by Value (2020-2024)
    3.6 Global Packaged Tea Market Volume by Type
    Table 20: Global Packaged Tea Market Volume by Type (2019)
    3.6.1 Global Black Packaged Tea Market Volume
    Table 21: Global Black Packaged Tea Market Volume (2015-2019)
    3.6.2 Global Green Packaged Tea Market Volume
    Table 22: Global Green Packaged Tea Market Volume (2015-2019)
    3.6.3 Global Fruit/Herbal Packaged Tea Market Volume
    Table 23: Global Fruit/Herbal Packaged Tea Market Volume (2015-2019)
    3.7 Global Packaged Tea Market by Region
    Table 24: Global Packaged Tea Market by Region (2019)
    4. Regional Packaged Tea Market Analysis
    4.1 Asia Pacific
    4.1.1 Asia Pacific Packaged Tea Market by Value
    Table 25: Asia Pacific Packaged Tea Market by Value (2015-2019)
    4.1.2 Asia Pacific Packaged Tea Market Forecast by Value
    Table 26: Asia Pacific Packaged Tea Market Forecast by Value (2020-2024)
    4.2 Western Europe
    4.2.1 Western Europe Packaged Tea Market by Value
    Table 27: Western Europe Packaged Tea Market by Value (2015-2019)
    4.2.2 Western Europe Packaged Tea Market Forecast by Value
    Table 28: Western Europe Packaged Tea Market Forecast by Value (2020-2024)
    4.3 Middle East & Africa
    4.3.1 Middle East & Africa Packaged Tea Market by Value
    Table 29: Middle East & Africa Packaged Tea Market by Value (2015-2019)
    4.3.2 Middle East & Africa Packaged Tea Market Forecast by Value
    Table 30: Middle East & Africa Packaged Tea Market Forecast by Value (2020-2024)
    4.4 Eastern Europe
    4.4.1 Eastern Europe Packaged Tea Market by Value
    Table 31: Eastern Europe Packaged Tea Market by Value (2015-2019)
    4.4.2 Eastern Europe Packaged Tea Market Forecast by Value
    Table 32: Eastern Europe Packaged Tea Market Forecast by Value (2020-2024)
    4.5 North America
    4.5.1 North America Packaged Tea Market by Value
    Table 33: North America Packaged Tea Market by Value (2015-2019)
    4.5.2 North America Packaged Tea Market Forecast by Value
    Table 34: North America Packaged Tea Market Forecast by Value (2020-2024)
    5. Market Dynamics
    5.1 Growth Drivers
    5.1.1 Increasing Disposable Income
    Table 35: Global GNI Per Capita (2015-2019)
    5.1.2 Prevalence of Tea Culture
    Table 36: Growth Rate of Packaged Tea and Other Staples Categories (2005-2019)
    5.1.3 Growing E-commerce
    Table 37: Global Online Sales (2015-2019)
    5.1.4 Growing Health Awareness
    5.1.5 Introduction of Healthy Ingredients in Tea
    5.1.6 Introduction of New Flavors and New Varieties in Tea
    5.2 Key Trends & Developments
    5.2.1 Increasing Consumption of Iced Tea
    5.2.2 Increasing Demand for Herbal Tea
    5.2.3 Rising Popularity of Organic Tea
    5.3 Challenges
    5.3.1 Fluctuating Prices of Raw Materials Caused by Unpredictable Climatic Conditions
    5.3.2 Health Related Concerns
    6. Competitive Landscape
    6.1 Global Market
    6.1.1 Key Players - Revenue Comparison
    Table 38: Key Players - Revenue Comparison (2019/2020)
    6.1.2 Key Players - Market Cap Comparison
    Table 39: Key Players - Market Cap Comparison (2019)
    6.1.3 Global Packaged Tea Market by Company
    Table 40: Global Packaged Tea Market Share by Company (2019)
    7. Company Profiles
    7.1 Unilever Group
    7.1.1 Business Overview
    7.1.2 Financial Overview
    Table 41: Unilever Group Sales by Segments (2019)
    Table 42: Unilever Group Sales by Region (2019)
    Table 43: Unilever Group Sales and Net Profit (2015-2019)
    7.1.3 Business Strategies
    7.2 Tata Consumer Products Ltd.
    7.2.1 Business Overview
    7.2.2 Financial Overview
    Table 44: Tata Consumer Products Ltd. Revenue by Business Segments (2019)
    Table 45: Tata Consumer Products Ltd. Revenue by Geographic (2019)
    Table 46: Tata Consumer Products Ltd. Revenue and Net Profit (2015-2019)
    7.2.3 Business Strategies
    7.3 Associated British Foods Plc
    7.3.1 Business Overview
    7.3.2 Financial Overview
    Table 47: Associated British Foods Plc Revenue by Segment (2019)
    Table 48: Associated British Foods Plc Revenue by Geography (2019)
    Table 49: Associated British Foods Plc Revenue and Profit (2015-2019)
    7.3.3 Business Strategies
    7.4 ITO EN, Ltd.
    7.4.1 Business Overview
    7.4.2 Financial Overview
    Table 50: ITO EN, Ltd. Net Sales by Segments (2020)
    Table 51: ITO EN, Ltd. Net Sales and Net Income (2016-2020)
    7.4.3 Business Strategies
    7.5 Hain Celestial Group
    7.5.1 Business Overview
    7.5.2 Financial Overview
    Table 52: Hain Celestial Group Net Sales by Segments (2020)
    Table 53: Hain Celestial Group Net Sales and Net Income (2016-2020)
    7.5.3 Business Strategies
    7.6 DAVIDsTEA, Inc.
    7.6.1 Business Overview
    7.6.2 Financial Overview
    Table 54: DAVIDsTEA Sales by Segments (2020)
    Table 55: DAVIDsTEA Sales by Region (2020)
    Table 56: DAVIDsTEA Sales and Net Loss (2016-2020)
    7.6.3 Business Strategies

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