Global Tea Market to Register 2.80% CAGR from 2014-2020 owing to Increasing Popularity of Green Tea Worldwide

Global Tea Market to Register 2.80% CAGR from 2014-2020 owing to Increasing Popularity of Green Tea Worldwide

  • Submitted By: amyjames
  • Date Submitted: 05/09/2016 10:04 PM
  • Category: Business
  • Words: 1116
  • Page: 5

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 Register 2.80% CAGR from 2014-2020
owing to Increasing Popularity of Green Tea Worldwide

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Tea Market

REPORT DESCRIPTION

A new market research report, titled “Tea Market - Global Industry Analysis, Trend, Size, Share and
Forecast, 2014 - 2020,” has been recently published by Transparency Market Research. The research study
provides a detailed analysis of the global tea market, focusing on the product segmentation, major growth
drivers, barriers, opportunities and challenges, key geographical segments, and competitive scenario.As
per the research study, in 2013, the global tea market was worth US$38.84 bn and is projected to reach a
valuation of US$47.20 bn by the end of 2020. The market is expected to exhibit a 2.80% CAGR between
2014 and 2020.
Tea is considered as one of the most popular beverages across the globe. The consumption of tea is a daily
practice to heighten calm alertness. The increasing demand for hot beverages is anticipated to boost the
demand for tea in the forecast period. The growing awareness regarding the benefits of consuming tea,
economic advantages, and the presence of flavonoid antioxidant content in tea are some of the key factors
that are anticipated to cause a surge in the growth of the global tea market throughout the forecast period.
In addition, huge employment opportunities created by the global tea market and the growing adoption of
green tea in beauty and skin treatments are estimated to fuel the growth of the market in the near future.
On the flip side, the availability of alternatives for tea...

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