Global Tea Market is valued at approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. The global tea market has seen an upward trend due to rising tea promotion, variety of tea flavors and other tea promotional campaigns. Further, increasing demand for herbal tea and rising prevalence of labor-intensive technology in the market are factors contributing to the market growth. For instance: according to Statista, the total herbal tea production in the USA went from USD 395.7 Million, in the year 2019 to USD 401.3 Million, in the year 2021. However, rising variations in the prices of tea and changing climatic conditions impede the growth of the market over the forecast period of 2022-2028. Also, growing awareness of various types of tea and introduction of various flavors of tea are likely to increase the growth of the market in the forecasting period.

The regional analysis of global Tea market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation. Asia Pacific is the leading region across the world in terms of market share owing to growing demand for various varieties in the region. Whereas, North America is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Introduction of various types and flavors of tea would create lucrative growth prospects for the Tea market across North American region.

Major market players included in this report are:
Unilever Group
Associated British Foods Plc
Barry’s Tea Limited
Hain Celestial Group Inc
Ito En Ltd
Mcleod Russel India Limited
Nestle S.A
Tata Global Beverages
The Republic of Tea Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Black Tea
Green Tea
Specialty Teas
Fermented Tea
Other Types
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019,2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Tea Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers