A
new market research report, titled “Tea Market - Global Industry
Analysis, Trend, Size, Share and Forecast, 2014 - 2020,” has been
recently published by Transparency Market Research. The research
study provides a detailed analysis of the global
tea market, focusing on the product segmentation, major growth
drivers, barriers, opportunities and challenges, key geographical
segments, and competitive scenario.As per the research study, in
2013, the global tea market was worth US$38.84 bn and is projected to
reach a valuation of US$47.20 bn by the end of 2020. The market is
expected to exhibit a 2.80% CAGR between 2014 and 2020.
Tea
is considered as one of the most popular beverages across the globe.
The consumption of tea is a daily practice to heighten calm
alertness. The increasing demand for hot beverages is anticipated to
boost the demand for tea in the forecast period. The growing
awareness regarding the benefits of consuming tea, economic
advantages, and the presence of flavonoid antioxidant content in tea
are some of the key factors that are anticipated to cause a surge in
the growth of the global tea market throughout the forecast period.
In
addition, huge employment opportunities created by the global tea
market and the growing adoption of green tea in beauty and skin
treatments are estimated to fuel the growth of the market in the near
future. On the flip side, the availability of alternatives for tea
and the side effects of over-consumption are the major factors
curbing the growth of the global tea market.
The
global tea market has been classified on the basis of product type
into leaf tea and CTC tea. The leaf tea segment has been further
sub-classified into green tea, oolong tea, and black tea. In 2013,
the black tea segment held the largest share in the overall tea
market. However, the green tea segment is predicted to grow rapidly
in the coming years, thanks to the growing awareness regarding the
health benefits of consuming this tea.
Request
a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4187
By
geography, the global tea market has been categorized into Asia
Pacific, Europe, North America, and Rest of the World. In 2013, Asia
Pacific dominated the global tea market and is projected to remain in
its leading position throughout the forecast period. The rapid growth
of this region can be attributed to the tremendous demand from China
and India. Moreover, the highest revenue is generated in the Asia
Pacific tea market, owing to the huge quantity of tea exported from
countries such as China, India, and Sri Lanka across the globe. On
the other hand, the North America tea market holds a comparatively
smaller share in the overall market at present; nevertheless, it is
estimated to witness sluggish growth in the next few years.
Furthermore,
the research study provides a clear picture of the competitive
landscape of the global tea market and analyzes the major players in
the market. Detailed profiles of the major players have been included
in the study, including their contact information, business
strategies, financial overview, SWOT analysis, and recent
developments, if any. Some of the prominent players operating in the
global tea market are Wissotzky Tea, Unilever, Akbar Brothers Ltd.,
Twinings of London, and Tata Global Beverages Ltd.
Key
Segments of the Global Tea Market:
Global
Tea Market, By Product
- Leaf Tea
- Black tea
- Green tea
- Oolong tea
- CTC tea
Global
Tea Market, By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
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