Global Tea Market to grow at a CAGR of 4.60% during the period 2016 – 2020; Finds New Report

Report forecast the global tea market to grow at a CAGR of 4.60% during the period 2016-2020.

After water, tea is consumed the most, and it also costs less compared to other beverages. It contains large amounts of antioxidants, and it can thus help in lowering the risk of various health problems. It helps to treat cancer, prevents arthritis, boosts bone density, controls blood pressure, and reduces the risk of heart diseases. Green tea, especially, contains antioxidants and helps in the prevention of esophageal and stomach cancer.

Owing to these benefits, the tea market is spread across various regions like the Americas, Europe, APAC, and MEA. Among these regions, APAC held the largest market share in 2015 and is expected to retain its dominant position throughout the forecast period.

The report covers the present scenario and the growth prospects of the global tea market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sale of tea by key vendors in the market.

The market is divided into the following segments based on geography:

• Americas
• APAC
• Europe
• MEA

According to the report, one of the emerging drivers in this market is health benefits associated with tea. Tea contains antioxidants, which aid in protecting the human body from damages of aging and pollution. Tea helps in reducing the risk of stroke and heart attack because it keeps arteries smooth and clog free.

Further, the report states that one of the main challenges is rise in demand for RTD tea. The popularity of RTD tea is mainly attributed to benefits of tea as a healthy beverage coupled with convenience and portability of prepared beverage that is ready to consume.

Global Tea Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Tea Market: Associated British Foods, Da Yi Tea, Ito En, Nestlé, Tata Global Beverages, and Unilever.

Other Prominent Vendors in the market are: Apeejay Tea, Barry’s Tea, Betty's and Taylors of Harrogate, Celestial Seasonings, Fukujuen, Harney and Sons, McLeod Russel, Mighty Leaf Tea, Numi, The Republic of Tea, Tazo Tea Company, and Teavana.

Market driver

• Health benefits associated with tea
• For a full, detailed list, view our report

Market challenge

• Rise in demand for RTD tea
• For a full, detailed list, view our report

Market trend

• Growing opportunity for tea in foodservice sector
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 32 Exhibit “Global Tea Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product type, Production process of tea, Geographical segmentation, Market segmentation by distribution channel, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape.

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