According to the recent report by IMARC Group, the global tea market reached a volume of 6.2 Million Tons in 2018, exhibiting a CAGR of 5.63% during 2011-2018. Originated in China, tea refers to an aromatic beverage which is usually prepared by adding hot or boiling water over the tea leaves. Tea is mainly grown in the developing countries, such as Asia, Africa, South America, and around the Black and Caspian Seas, with favourable soil and climatic conditions. It is considered as the widely consumed beverage across the globe as it helps in digestion, improves the immunity, assists in weight loss, benefits the bone health and minimises the risk of heart attacks.
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Global Tea Market Trends:
On account of escalating disposable incomes and altering tastes as well as preferences of the consumers, the demand for premium and healthy beverages like tea is proliferating worldwide. Moreover, as consumers are becoming aware about the disadvantages of consuming carbonated drinks, they are extensively incorporating green tea in their daily beverages, in turn, contributing to the overall growth of the market. Apart from this, tea manufacturers are introducing value-added ingredients so as to target young consumers or people suffering from obesity, diabetes and other health ailments. Additionally, the manufacturers are coming up with new flavours of tea such as lemon, mint, orange and pomegranate in order to widen their consumer-base. Other major factor which is catalysing the market growth is the huge popularity of tea, particularly in the developing regions like India and China. Looking forward, the market volume is projected to 7.58 Million Tons by 2024, expanding at a CAGR of 3.19% during 2019-2024.
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Table of Contents
2 Scope and Methodology
3 Executive Summary
5 Global Tea Industry
6 Market Breakup by Type
7 Market Breakup by Packaging
8 Market Breakup by Distribution Channel
9 Market Breakup by Application
10 Market Breakup by Region
11 Competitive Landscape
12 Tea Processing
13 Project Details, Requirements and Costs Involved
14 Loans and Financial Assistance
15 Project Economics
16 Key Player Profiles
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