Tea Market - Global Industry Analysis, Trend, Size, Share and Forecast, 2014 – 2020
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Date Submitted: 08/19/2015 12:08 AM
Transparency Market
Research
Tea Market - Global Industry Analysis, Trend, Size, Share
and Forecast, 2014 - 2020
Published Date
03-03-2015
46 Page Report
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Press Release
Global Tea Market to Develop at 2.8% CAGR between 2014 and
2020 to Reach US$47.20 Billion by 2020
Transparency Market Research
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Tea Market
REPORT DESCRIPTION
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...
