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Asia Pacific Tea Market By Type (Green Tea, Black Tea, Fruit/herbal Tea And Others) , By Packaging (Plastic Containers, Loose Tea, Paper Boards, Aluminium Tin, Tea Bags) , By Distribution Channel ( Supermarkets, Speciality Stores, Convenience Stores, Online Stores And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends And Forecasts (2023 to 2028)

Published: March, 2023
ID: 4166
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Tea Market Growth and Forecast (2023 - 2028):

Asia Pacific Tea Market was worth USD 16.23 billion in 2022 and estimated to be growing at a CAGR of 6.1%, to reach USD 21.83 billion by 2028.

Market Overview:

Tea is globally the most popular beverage obtained from Camellia sinensis plant leaves. It offers various health benefits owing to presence of polyphenols working as antioxidants, vitamins, trace minerals, and different amino acids resulting in stronger immunity, lower cholesterol, increased metabolism, prevention of cancer, and more. In addition, presence of small amount of caffeine makes tea a mild stimulant preventing fatigue.

Drivers and Restraints:

The tea market is majorly driven by the health benefits associated with consuming tea and increase in awareness related to carbonated drinks among people. Moreover, rise in disposable income, change in tastes of people, and introduction of additional healthy ingredients in tea by different market players are the other factors that fuel the market growth. However, increase in cost of raw materials due to unpredictable weather, rise in cost of agricultural inputs, and increase in trend of out-of-home coffee consumption are expected to limit growth of the tea market.

Asia Pacific Tea Market Segmentation Analysis:

Asia Pacific Tea Market Segmentation by type, packaging and distribution channel. By type the market is segmented into Green tea, black tea, fruit/herbal tea and others. Green tea market is the most lucrative segment of the global tea market, possessing high market potential for investment, owing to the rise in demand and increase in awareness regarding the health benefits offered by it. By packaging the market is classified under Plastic containers, loose tea, paper boards, aluminium tin, tea bags. By distribution channel the market is analyzed under supermarkets, speciality stores, convenience stores, online stores and others.

Region Analysis:

Asia Pacific Tea Market geographical analysis by China, India, Japan, Australia and South Korea. The Tea market was dominated by Asia Pacific followed by North America.

Key Players in the Market:

Major key players in the Asia Pacific Tea Market are

Some of the key tea market leaders are Tata Global Beverages, Unilever, Associated British Foods Plc., TAETEA, Nestle, Barry's Tea, Apeejay Surrendra Group, Bettys & Taylors Group Ltd., McLeod Russel, and ITO EN Inc.

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