Global Tea Market 2017-2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Tea Market 2017-2021" report to their offering.

The report forecasts that the global tea market to grow at a CAGR of 4.45% during the period 2017-2021.

Global Tea Market 2017-2021, 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 operating in this market.

Commenting on the report, an analyst from the research team said: One trend in the market is specialty iced tea. Specialty teas are teas that are special in some way. A tea can become a specialty tea if it is launched in a new flavor, blended with a new ingredient, or recently introduced to a part of the world.

According to the report, one driver in the market is increased demand from millennials in developing economies. The developing economies of the world are flourishing because of improved economic indicators and foreign investments leading to abundant employment opportunities. The economic growth in these economies has made consumers better equipped monetarily, making tea more affordable. The improved economy and increased job opportunities have also made premium brands and varieties of tea more affordable for young consumers aged between 18 to 34 years, who are also called millennials.

Further, the report states that one challenge in the market is major threat from substitutes. Coffee serves as the biggest threat to tea as it is a beverage, which is quite similar to tea. The preference for coffee acts as a huge challenge to the growth of the tea market in coffee-drinking nations like those in North America. As a result, the tea market in these nations exhibit slow growth, and most of this growth is attributed to innovations in formulating tea.

Key vendors:

  • Associated British Foods
  • ITO EN Inc.
  • NestlĂ©
  • Unilever
  • Tata Global Beverages (TGB)

Other prominent vendors:

  • Celestial Seasonings
  • Dilmah
  • Apeejay tea
  • Barry's tea
  • Betty's and Taylors Group
  • Harney and Sons
  • The Republic of tea
  • Teavana
  • Mighty Leaf tea
  • Numi tea
  • Tazo tea

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by product

Part 07: Market segmentation by packaging

Part 08: Market segmentation by distribution channels

Part 09: Geographical segmentation

Part 10: Key leading countries

Part 11: Decision Framework

Part 12: Drivers and challenges

Part 13: Market trends

Part 14: Vendor landscape

For more information about this report visit https://www.researchandmarkets.com/research/7h749r/global_tea_market

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Tea

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Tea