LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global tea market and it is poised to grow by USD 13.24 billion during 2020-2024, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Functional benefits of tea has been instrumental in driving the growth of the market. However, impact of overconsumption of tea might hamper market growth. Request a free sample report
Tea Market 2020-2024: Segmentation
Tea Market is segmented as below:
- Black Tea
- Green Tea
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40978
Tea Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our tea market report covers the following areas:
- Tea Market Size
- Tea Market Trends
- Tea Market Industry Analysis
This study identifies rapid rise in consumption of green tea as one of the prime drivers of the tea market growth during the forecast period.
Tea Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the tea market, including some of the vendors such as Arteasans Beverages LLC, Associated British Foods Plc, ITO EN Ltd., Nestlé SA, Numi Inc., Starbucks Corp., Tata Global Beverages, The Hain Celestial Group Inc., The Republic of Tea and Unilever Group. Backed with competitive intelligence and benchmarking, our research reports on the tea market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Tea Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist tea market growth during the next five years
- Estimation of the tea market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the tea market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of tea market vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.