According to a recent market study published by Growth Market Reports, titled, “Global Tea and Tea-Based Beverages Market Segments.
By Form (Ready to Drink, Loose Tea Powder, and Tea Bags), Product Type (Green Tea, Black Tea, Oolong Tea, Fruit/Herbal Tea, Tea Blends, and Others), Category (Organic, and Conventional), Packaging (Plastic Containers, Cartons, and Aluminum Tins), Distribution Channel (Store-Based, and Non-Store-Based), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031″, the market size was USD 131.3 billion in 2022 and is expected to surpass USD 285.1 billion expanding at a CAGR of 9.3% by the end of 2031. The growing availability of different flavors is anticipated to fuel the market during the forecast period.
Key Market Players Profiled in the Report
- Starbucks Coffee Company
- PepsiCo Inc.
- The Coca-Cola Company
- Nestlé
- Tata Consumer Products Limited
- ANHEUSER-BUSCH INBEV
- Hain Celestial Group, Inc
- BARRY’S TEA
- The Republic of Tea
- Akbar Brothers (Pvt) Ltd
- Apeejay Surrendra Group
- Tan Do.
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include form, product type, category, packaging, distribution channel, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
Highlights on the Segments
On the basis of region, the global tea and tea-based beverages market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to dominate the global market owing to rising awareness regarding the benefits of products, including antioxidants and anti-inflammatory properties.
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Key Takeaways from the Study:
- Tea plant leaves have medicinal properties, and they are usually processed through several methods, such as fermentation, drying, and oxidation.
- Different types of tea are available in consumer markets, from which black tea is famous for its strong & bold flavor.
- Green tea consists of a high percentage of flavonoids called catechins. Whereas black tea flavonoids are called therubigens.
- Rising popularity of the e-commerce industry is expected to create lucrative opportunities for market players.
- The ready-to-drink segment is projected to expand at the fastest CAGR during the forecast period owing to consumers’ convenience.
- The black tea segment is anticipated to hold a major market share due to its various health benefits.
- The organic segment is expected to dominate the market during the forecast period, owing to high-quality leaves with more complex flavors.
Read 326 Pages Research Report with Detailed TOC on “Global Tea and Tea-Based Beverages Market Segments – by Form (Ready to Drink, Loose Tea Powder, and Tea Bags), Product Type (Green Tea, Black Tea, Oolong Tea, Fruit/Herbal Tea, Tea Blends, and Others), Category (Organic, and Conventional), Packaging (Plastic Containers, Cartons, and Aluminum Tins), Distribution Channel (Store-Based, and Non-Store-Based), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031”
Key Segments Covered
Form
- Ready to Drink
- Loose Tea Powder
- Tea Bags
Product Type
- Green Tea
- Black Tea
- Oolong Tea
- Fruit/Herbal Tea
- Tea Blends
- Others
Category
- Organic
- Conventional
Packaging
- Plastic Containers
- Cartons
- Aluminum Tins
Distribution Channel
- Store-Based
- Non-Store-Based
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
About Growth Market Reports:
Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.
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