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...