Tea Market Was Worth About USD 39 Billion in 2014 by 2019 Tea Market 2019

Tea Market was Worth About USD 39 Billion in 2014 By 2019:
Radiant Insights, Inc
Tea is the second-most affordable beverage across the world. It is consumed by a wide demographic.
Global tea market is expected to grow at a significant rate from 2015 to 2019. It was worth about USD 39
billion in 2014. By 2019, its valuation could exceed USD 48 billion.
Demand for tea is rising as a result of escalating awareness of the derived health benefits. Tea has high
antioxidant content. Antioxidants are known to prevent cancer, lower risk of cardiovascular ailments,
control blood pressure, etc. Tea also improves bone density and prevents arthritis.
Nowadays tea is available in various flavors and types. Market players focus on developing new blends
and flavors to attract customers. The tea industry generates huge employment opportunities and offers
economic advantages. This is fueling market growth.
However, excessive tea consumption is linked with negative effects on human health. High intake of tea
may cause osteoflurosis, caffeine addiction, prostate cancer, etc. Other beverages like coffee, hot
chocolate, soda, juices, etc. act as substitutes and limit demand for tea.
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Products in the tea market are divided into three types, namely black tea; green tea; and tea concentrates,
extracts and essences. While black tea may be fermented or partly fermented, green tea is unfermented.
Black tea has been the leading product in the recent past. Green tea is anticipated to grow at a lucrative
rate owing to associated health benefits. Vendors are strategizing to gain from this trend by developing
related products.
Based on geographies, the tea market is categorized into North America, Europe, Asia Pacific and RoW
(Rest of the World). Major national markets are Germany, France, Canada, India, and China. South
Korea, Japan, UK, Sri Lanka and the US also hold a considerable share of the market. India and China
dominate the consumption and production of tea in the Asia Pacific region.
These countries also export tea to other geographical segments. Asia Pacific is projected to be the leading
market for tea till 2019. On the other hand, US in North America and UK in Europe will exhibit sluggish
growth in the coming years. Prominent vendors in the worldwide tea market are Tata Global Beverages
Ltd., Twinings, Wissotzky Tea, Unilever, etc.

This industry report package includes a global tea market report as well as country reports from
the following countries:
Canada, China, France, Germany, India, Japan, South Korea, Sri Lanka, United Kingdom, United States