Global Tea Market to Reach Us$47.20 Billion by 2020

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

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Tea Market

REPORT DESCRIPTION

Transparency Market Research has published a new market report titled “Tea Market by Product Type (Leaf

tea and CTC tea) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 –2020.”

According to the report, the global tea market was valued at US$38.84 billion in 2013 and is anticipated to

reach US$47.20 billion by 2020, expanding at a CAGR of 2.8% from 2014 to 2020.

Globally, the most popular and easily available lowest cost beverage after water is tea. Across the world, a

wide range of age group consumes it. A large number of people earn their livelihood through the

production and processing of tea. Leading countries for tea production include China, India, Sri Lanka, and

Kenya. Based on product type, the tea market is categorized into leaf tea and CTC tea (crush, curl, and

tear). The leaf tea market is further sub segmented into black tea, Oolong tea and green tea. The several

health benefits of tea consumption are the major factors driving the demand for tea globally. Drinking tea

helps to prevent arthritis, control blood pressure, improve bone density, and reduce the risk of heart

diseases, by providing protection against cardiovascular and degenerative diseases, among others. In

addition, tea drinking helps to reduce body weight.

The market for tea is primarily driven by increasing demand for hot beverages among consumers and

growing awareness about the health benefits of tea consumption. In...