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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
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/
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/