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Global Tea Market Expected to Grow with a CAGR of 5% During the Forecast Period, 2020-2024 - ResearchAndMarkets.com

February 26, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Feb 26, 2020--

The “Tea Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.

Global Tea Market 2020-2024

The publisher has been monitoring the global tea market and it is poised to grow by USD 13.24 bn during 2020-2024, progressing at a CAGR of 5% during the forecast period.

This report on the global tea market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by functional benefits of tea. In addition, rapid rise in consumption of green tea is anticipated to boost the growth of the global tea market as well.

Key Trends for global tea market growth

This study identifies rapid rise in consumption of green tea as the prime reasons driving the global tea market growth during the next few years.

Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Black tea - Market size and forecast 2019-2024
  • Green tea - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Arteasans Beverages LLC
  • Associated British Foods Plc
  • ITO EN Ltd.
  • Nestl SA
  • Numi Inc.
  • Starbucks Corp.
  • Tata Global Beverages
  • The Hain Celestial Group Inc.
  • The Republic of Tea
  • Unilever Group

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/kwxx0l

View source version on businesswire.com:https://www.businesswire.com/news/home/20200226005595/en/

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KEYWORD:

INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 02/26/2020 10:15 AM/DISC: 02/26/2020 10:15 AM

http://www.businesswire.com/news/home/20200226005595/en