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Follow on Google News | Global Tea Market By Type, Region, Companies, & Forecast By 2021 - 2026Global Tea Market will be US$ 71.784 Billion by the year 2026. Forecast By Type, Packaging, Distribution Channel, Application (Residential and Commercial), Region, Company Analysis.
By: Renub Research Tea is considered a healthy beverage due to several potent antioxidants and minerals as potassium, magnesium, calcium & manganese. It is a fragrant beverage imitative from the Camellia Sinensis plant. It is one of the principally consumed beverages worldwide. Green tea and Black tea are trendy tea, although herbal tea is gaining popularity. Usually, tea consumption will help reduce cell damage due to free radicals and lowers cholesterol levels and facilitates healthy weight loss. The global tea market is growing due to changing lifestyle. Increasing disposable income of the middle-class populace, mainly in urban areas, is expected to drive the consumption market and drive market growth. Millennials are frequent consumer of premium and health-oriented tea products. In the last five years, various tea lounges have been opening worldwide, especially in countries like the United States, Europe, Japan, Brazil, Russia, China, India etc. As per this market research report, Worldwide Tea Market was valued at US$ 47.43 Billion in 2020. Increasing awareness regarding the benefits of drinking tea coupled with a readiness to shell out money on the product is expected to drive the demand. Hence, to leverage this trend, several manufacturers reposition their products as lifestyle label to reach more consumers. These companies engage in social media advertising and celebrity campaigns to promote their new and premium flavours. Our research says that the Global Tea Industry will register a healthy CAGR of 7.15% from 2020 to 2026. About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to- Contact Us: Renub Research Phone No: +1 678–302–0700 (USA) | +91–120–421– Email: info@renub.com Web: https://www.renub.com Follow the Link For Report Customization: End
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