Tea Market 2021: Industry Price Trends, Size, Share, Growth and Forecast Till 2026

According to IMARC Group’s latest report, titled “Tea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global tea market reached a value of US$ 21 Billion in 2020. Tea is a hot beverage that is primarily prepared by pouring hot water over cured leaves of the tea plant. Some common product variants include black tea, green tea, oolong tea, chamomile tea, etc. Tea acts as a rich source of antioxidants that aid in minimizing the risk of cardiovascular diseases, boosting immunity, enhancing digestion, maintaining bone health, aiding weight loss, etc. It is cost-effective and widely available across the globe.

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The rising consumer health consciousness and growing adoption of active lifestyles are driving the global tea market. Furthermore, the elevating consumer inclination towards premium product variants and healthier alternatives, such as green tea and black tea, is also fueling the product demand. Additionally, the wide availability of several ready-to-make tea products, such as iced tea powders, milk tea powders, tea bags, bottled and canned iced tea, etc., is further catalyzing the market growth. In the coming years, the growing popularity of organic product variants that are free from chemical additives is expected to bolster the global tea market. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

• Tata Global Beverages

• Unilever

• Associated British Foods Plc.

• Taetea

• Barry’s Tea

Market Segmentation:

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Key highlights of the report:

• Market Performance (2015-2020)

• Market Outlook (2021-2026)

• Market Trends

• Market Drivers and Success Factors

• The Impact of COVID-19 on the Global Market

• Value Chain Analysis

• Structure of the Global Market

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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