Global Pu-erh Tea Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.5 % over the forecast period 2022-2029. Pu-erh Tea is a fermented tea that’s traditionally made in the Yunnan Province of China. Pu-erh Tea is made from the leaves of Camellia Sinensis, a plant that is also used for making green, oolong, and black teas. This herbal tea contains statins that lower cholesterol and promotes heart and gut health. Moreover, it also contains caffeine, which stimulates the central nervous system, heart, and muscles. Additionally, Pu-erh tea also contains antioxidants that protect blood vessels. The increasing prevalence of cardiovascular diseases and growing preference towards traditional herbal beverages are key factors driving the market growth.
The rising prevalence of cardiovascular diseases is contributing towards the growth of the Global Pu-erh Tea market. For instance – according to World Health Organization (WHO) – in 2019, globally around 17.9 million individuals lost their lives due to cardiovascular diseases (CVDs), witnessed around 32% of all global deaths. Additionally, out of 17 million premature deaths (under the age of 70) that were caused by noncommunicable diseases in 2019, 38% were caused by CVDs alone. Also, growing penetration of online distribution channels and increase in the number of organized cafes & restaurant chains would create a lucrative growth prospectus for the market over the forecast period. However, availability of other alternative teas and shift of customers towards other herbal beverages due to bitter taste of Pu-erh tea stifle the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Pu-erh Tea Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of leading market players and increasing consumption of Pu-erh tea in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, and increasing prevalence of cardiovascular and infectious diseases in the region.
Major market players included in this report are:
The Chinese Tea Company
Langhe Tea Factory
Menghai Tea Factory
Xiaguan Tea Factory
Longrun Tea Group
Yunnan Six-Famous-Tea-Mountain Tea Industry Inc
Bana Tea Company
Awazon Pu-erh Tea Company
Red Blossom Tea Company
Recent Developments in the Market:
? In April 2021, China based tea company TeaVivre announced new eco-friendly packaging solutions for its tea range. The new packaging is made by adding BDP material that promotes biodegradation of plastics in microbe-rich, biologically active environments. i.e., Landfills, anaerobic compost
Global Pu-erh Tea Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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 Distribution Channel
Rest of the World