A
new market study on the global tea market has been recently published
by Transparency Market Research (TMR), determining its value in 2013
at US$38.84 billion and estimating the CAGR of the market over the
period from 2014 to 2020 at 2.8%. Analysts at TMR have projected the
market to reach a value of US$47.20 billion by the end of the
forecast period.The market study, titled “Tea Market - Global
Industry Analysis, Trend, Size, Share and Forecast, 2014 - 2020”,
discusses the current as well as historical performance of the global
tea market, covering all the aspects such as growth drivers,
restraints, and opportunities. Prevalent and upcoming trends in this
market has also been discussed in this report.
According
to the report, rising awareness among the consumers regarding various
benefits of consuming tea is the major growth driver of the global
tea market. Apart from this, the economic advantages and ample
opportunities for employment presented by the tea industry is also
supporting the global market to a great extent.On the other hand,
owing to several cases of side-effects as a result of overconsumption
of tea reported by consumers is impacting the global tea market in a
negative way. The availability of alternatives in the market is also
adding to the challenges this market is facing. However, the
increasing concern over beauty and skincare is encouraging consumers
to switch to green tea, which is expected to open an opportunity-rich
market for players in the global tea market, states the market
report.
Browse
the full Tea Market report at:
http://www.transparencymarketresearch.com/global-tea-market.html
The
research report analyzes the global tea market on the basis of
products and regional markets. Based on products, the market is
classified into CTC (crush, tear, and curl) tea and leaf tea. Black
tea, oolong tea, and green tea are the three segments of the leaf tea
market. In 2013, the black tea market accounted for a majority share
in the overall tea market. The green tea market, on the other hand,
is expected report the fastest growth over the forecast
period.Regionally, the global tea market is distributed among North
America, Europe, Asia Pacific, and the Rest of the World. In the Asia
Pacific tea market, India and China are projected to witness robust
growth over the forecast period, whereas the U.K in the European tea
market and the U.S. in the North American tea market are likely to
experience sluggish growth during the same timeframe. In 2014, Asia
Pacific emerged as the market leader among all the regional markets,
wherein India occupied the largest share. The tea market in Asia
Pacific is projected to maintain its dominance over the forecast
period, reports the market study.Some of the major participants in
the global tea market profiled in this report are Twinning of London,
Wissotzky Tea, Unilever, Tata Global Beverages Ltd., and Akbar
Brothers Ltd.
The
global tea market is segmented into:
Request
a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4187
By
Product
- Leaf Tea
- Black tea
- Green tea
- Oolong tea
- CTC tea
By
Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Browse
the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/global-tea-market.htm
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Mr.
Atil Chaudhari
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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