Global Tea Market to Reach $26.1 Billion by 2030
The global market for Tea estimated at US$16.3 Billion in the year 2022, is projected to reach a revised size of US$26.1 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030. Green Tea, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$10.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Black Tea segment is readjusted to a revised 5.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 10.9% CAGR
The Tea market in the U.S. is estimated at US$4.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.3 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.Select Competitors (Total 426 Featured) -
- Apeejay Surrendra Group
- Associated British Foods Plc
- Barry's Tea
- Bettys & Taylors Group Ltd.
- Celestial Seasonings, Inc.
- DavidsTea
- Fukujuen
- Godrej Group
- Harney and Sons
- Ito En, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apeejay Surrendra Group
- Associated British Foods Plc
- Barry`s Tea
- Bettys & Taylors Group Ltd.
- Celestial Seasonings, Inc.
- DavidsTea
- Fukujuen
- Godrej Group
- Harney and Sons
- Ito En, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 283 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 16.3 Billion |
Forecasted Market Value ( USD | $ 26.1 Billion |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |