Tea Market Size Strong Revenue and Competitive Outlook to
Forecast 2030

Tea Market research
report by Delvens focuses on primary sections such as – market segments, market
outlook, competitive landscape, and company profiles. The segments provide
details in terms of various perspectives such as end-use industry, product or
service type, and any other relevant segmentation as per the market’s current
scenario which includes various aspects to perform further marketing activity. The
global tea market size was valued at USD 55,144 million in 2019, and is
projected to reach a CAGR of 7.6% to 2030.

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Tea is an aromatic beverage derived from Camellia Sinensis
plant. It is one of the most consumed beverages in the world. Black tea and
green tea are the most popular tea while herbal tea is gaining popularity.

Tea is considered a healthy beverage owing to presence of a
number of potent antioxidants, and minerals such as potassium, manganese,
magnesium, & calcium. Regular consumption of tea helps reduce cell damage
caused due to free radicals as well as lowers cholesterol levels and
facilitates healthy weight loss

Recent Developments

April 01, 2021 --
The Republic of Tea, leading purveyor of premium teas and herbs, is proud to
introduce the latest addition to its innovative and delicious Beautifying
Botanicals® collection: Beauty Brain, an herbal tea for radiant skin and mind.
This multiple-function, caffeine-free tea contains a proprietary blend of
botanicals known for their beneficial antioxidants, along with unique herbs
that can help support cognitive health.

12 November 2021,
Tata Consumer Products Limited (“TCPL”) announced today that it has signed
definitive agreements to acquire 100% equity shares of Tata SmartFoodz Limited
(“TSFL”) from Tata Industries Limited, for a cash consideration of Rs 395 Cr.
This move is consistent with TCPL’s strategic intent to expand into value added
categories.

Regional Analysis

Asia-Pacific and Europe are the most prominent regional
market. This can be attributed high consumption and production of tea in the
region. China is expected to grow with the highest CAGR throughout the forecast
period, owing to the prevalence of tea culture.

Key Players of Tea Market

·       
British Foods Plc.

·       
Barry's Tea Limited

·       
Hain Celestial Group, Inc

·       
ITO EN, Ltd.

·       
Mcleod Russel India Limited

·       
Nestle S.A.

·       
TaeTea

·       
Tata Global Beverages

·       
The Republic of Tea, Inc.

·       
Unilever Group. And More

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In addition to the
market data for Tea Market, Delvens offers client-centric report and customized
according to the company’s specific demand and requirement.

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