The Latin America tea market size was worth USD 5.15 billion in 2022 and is estimated to be growing at a CAGR of 5.9% to reach USD 6.86 billion by 2028.
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.
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, the rise in disposable income, changes in the tastes of people, and the introduction of additional healthy ingredients in tea by different market players are the other factors that fuel the market growth. However, an increase in the cost of raw materials due to unpredictable weather, a rise in the cost of agricultural inputs, and an increase in the trend of out-of-home coffee consumption are expected to limit the growth of the tea market.
Latin America 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. The 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, and tea bags. By distribution channel, the market is analyzed under supermarkets, specialty stores, convenience stores, online stores, and others.
Geographically the Latin America Tea Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America.
Key Players in the Market:
Major Key Players in the Latin America Tea Market are
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