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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Tea Market Size
The global tea market reached a value of approximately USD 52.83 billion in 2023. The market is projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a value of around USD 90.78 billion by 2032.
Tea Market Outlook
- China's tea production in 2022, as reported by the Tea Board, amounted to 3090.00 M.kg, reflecting substantial growth.
- The Tea Board reported apparent global tea consumption at 6173 M.kgs in 2021, compared to 5949 M.kgs in 2020.
- As per industryreports, Argentina exported 71.00 M.kg of tea in 2022, compared to 64.20 M.kg in 2021.
Tea Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The tea market was valued at USD 52.83 billion in 2023.
The tea market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 90.78 billion in 2032.
The major drivers aiding the growth of the market include rising disposable incomes, increasing population, increasing demand for healthier beverages, RTD (Ready-to-drink) teas, growing food and beverage industry, and rising demand from the developing regions.
The key trend guiding the growth of the tea market include the availability of tea in different flavours, which satisfies every consumer’s taste.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The market is categorised according to the type, which includes black, green, oolong, white, and others.
Plastic containers, loose tea, paper boards, aluminium tins, and tea bags, among others, are the significant packaging types for the product in the market.
Based on the distribution channel, the market is divided into supermarkets and hypermarkets, convenience stores, speciality stores, online, and others.
Based on the application, the market is divided into commercial and residential.
Dilmah Ceylon Tea Company PLC., Barry’s Tea, Tata Consumer Products Limited, The Hain Celestial Group, Inc, Unilever Plc, Associated British Foods Plc, ITO EN, LTD., Taiwan Tea Corporation, SAC Leão, and Tenfu's TEA, among others.
The market is categorised according to the source, which includes organic and conventional.
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