Global Tea Market Size will grow with a CAGR of 7.15% from 2020 to 2026

According to Renub Research, Global Tea Market is Forecasted to be more than USD 71.8 Billion by the end of year 2026.
By: Renub Research
 
ROSWELL, Ga. - Oct. 22, 2021 - PRLog -- Worldwide Tea Industry was valued at US$ 47.4 Billion in 2020. Worldwide tea has a long history of popularity; it is believed to have arisen in China, with records of its usage dating back to the 3rd century AD. It is an aromatic drink prepared by pouring hot or boiling water over cured or fresh leaves of Camellia sinensis, an evergreen shrub native to China and East Asia. Furthermore, after water, tea is the most extensively consumed drink in the world. Tea is a rich source of antioxidants and offers numerous health benefits such as reducing weight loss, risk of heart attack and stroke, maintaining bone health, boosting immunity, and enhancing digestion.

Tea has been trendy in the emerging market, owing to the prevalence of tea culture. An increase in health awareness and a rise in disposable income have aided the tea industry growth. Another significant factor driving the growth of tea is its strong consumer acceptance. The rapid expansion of the food and beverage industry has also significantly contributed to the tea market growth. According to Renub Research, Global Tea Market is anticipated to be USD 71.8 Billion by the year 2026.

Besides, there are many different types of tea such as Green Tea, Black Tea, Oolong Tea, Herbal Tea and Others Tea. Green tea is recognized for its antioxidant properties. Hence, it is increasingly consumed by pregnant women, health-conscious people, and the older population. Oolong tea is a mixture of black and green tea and effectively prevents high blood cholesterol levels and type 2 diabetes. Herbal and green teas such as chamomile and jasmine are also widely used to remedy blemish-free skin and healthy hair, propelling the product demand.

In Addition, Distribution Channel such as Supermarkets/ Hypermarkets are continuously evolving, and the investors are capitalizing on purchasers' comforts to allow an easy buying experience. The adoption of venerable technologies and equipment on the floor help retailers to provide good quality tea with packaging such as Plastic Container, Loose Tea, Paperboards, Aluminum Tins, and Tea Bags to the consumers.

Impact of COVID-19 on Tea Industry

The global supply chain of different types of teas has experienced a sudden disturbance due to the outbreak of the COVID-19 pandemic.

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Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/global-tea-market-p.php

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