Hyderabad, India -- (SBWire) -- 03/06/2018 --Tea may be described as a warm beverage made through infusing or brewing/boiling/decocting the dried leaves of the Camellia sinensis plant. Tea is one of the most often consumed drinks internationally. The medicinal benefits of tea consist of Phytochemicals, flavonoids, and antioxidants, which assist towards the healthy functioning of the human body. The consumer base of tea has been exponentially increasing over the last few years, globally, and this trend is anticipated to continue during the forecast period.
Tea, which is globally the most popular beverage, originated in China and is majorly grown in four
international locations - China, India, Kenya, and Sri Lanka. It offers diverse fitness advantages attributable to the presence of polyphenols working as antioxidants, nutrients, minerals, and special amino acids resulting in more potent immunity, decreased LDL cholesterol, improved metabolism, and assistance in the prevention of cancers, and more.
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Tea market was calculated to be worth around USD 46.39 billion in 2016 and estimated to be developing at a CAGR of 5.5%, to attain USD 60.62 billion by 2021.
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The demand for high quality tea is likewise rising at a steady rate across the world. Specialty tea, together with yellow tea, white tea, oolong tea, and numerous ready-to-drink teas, are prepared by infusing numerous organic substances and flavors to the conventional tea. However, these are very steeply-priced in comparison with normal tea, which is a major restraining factor in the developing regions.
The global tea market is majorly driven by the fitness benefits related to the consumption of tea and growth in attention associated with carbonated liquids among humans. Furthermore, a rise in disposable income, particularly in the developing regions of the world is expected to drive the growth of the market. But, factors such as growth in the cost of raw materials due to unpredictable weather and rise in the cost of agricultural products are predicted to dampen the growth of the tea market.
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Tea market is geographically is segmented into North America, Europe, Asia-Pacific and rest of the world. Asia Pacific accounts for a large share of the global market and is expected to maintain its dominance, as tea is the most common and famous hot beverage in various economies in this location, which includes India, Singapore, China, Japan, Thailand, and Hong Kong, Australia. North America and Europe also are projected to raise the demand for tea markets over the approaching years, thanks to increasing consciousness amongst clients regarding the benefits of tea on health.
The key players of the market include Tata Global Beverages, Unilever, Associated British Foods Plc., TAETEA, Nestl, Barry's Tea, Apeejay Surrendra Group, Bettys & Taylors Group Ltd., McLeod Russel, and ITO EN Inc.
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