![Global Tea Market](https://res.cloudinary.com/devmoveo/image/upload/v1707150065/skyquest/report/phpvUMdAd.jpg)
Report ID: SQMIG30I2372
Report ID:
SQMIG30I2372 |
Region:
Global |
Published Date: August, 2024
Pages:
198
|
Tables:
67 |
Figures:
80
Tea Market size was valued at USD 98.94 billion in 2022 and is poised to grow from USD 105.87 billion in 2023 to USD 181.90 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
The international tea marketplace is a vibrant and numerous enterprise that maintains regular increase and innovation. Tea, a beverage deeply ingrained in cultures globally, has a visible increasing reputation because of its health benefits and flexibility. In recent years, the marketplace has witnessed a shift toward top class and area of expertise teas, pushed by consumer calls for particular flavors and reports. Asia remains the epicenter of tea production, with nations like China and India dominating both production and intake. However, regions like Africa and South America are also emerging as key gamers in the market, contributing to the global supply of tea. One wonderful trend is the growing interest in herbal and distinctiveness teas, pushed with the aid of fitness-conscious customers in search of herbal treatments and wonderful taste profiles. Green tea, particularly, has received prominence for its antioxidant houses and potential health benefits, leading to expanded intake in Western markets. The convenience component has spurred the increase of prepared-to-drink (RTD) tea merchandise, including bottled and canned teas, catering to on-the-pass customers. Additionally, e-commerce structures have facilitated admission to an extensive variety of tea merchandise, fostering global trade and establishing new markets.
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Report ID: SQMIG30I2372