Global Tea Market is expected to reach US$ 20,038.3 Mn by 2025

Albany – NY, Sept. 29, 2017 (GLOBE NEWSWIRE) — According to a new market report published by Transparency Market Research “Tea Market (By Product – Leaf tea, CTC tea; By Type – Premium/Specialty tea, Mass tea) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025,” global tea market was valued at US$ 12,453.2 Mn in 2016, growing at a CAGR of 5.7% from 2017 to 2025 to account for US$ 2, 0038.3 Mn by 2025. In terms of volume, the global tea market is expected to grow at a CAGR of 4.6% from 2017 to 2025.

Tea is a very commonly consumed beverage after water and it contains flavonoids, phytochemicals and antioxidants which provide medicinal benefits and help in maintaining a healthy functioning of the body. The various health benefits associated with the consumption of tea are the major driving factors which helps to push growth of the market. The antioxidants help in combatting arthritis, control blood pressure levels and prevent the risk of cardiovascular diseases. Introduction of new blends of tea such as infusion of tea with different flavors (fruit, dessert and others) and fragrances and rise in consumption of herbal and green tea is also likely to play a crucial role in driving the growth trajectories of the market. Major challenges that are expected to create huge impacts on the growth and development of the tea industry are change in demographic conditions, climatic changes, resource constraints, availability of labor, changes in consumer preferences, and volatility of labor wages among others. Availability of cropping land is also one of the major challenges faced by the tea industry. In emerging countries, such as India, land constraint creates a major restraining factor towards the growth of the crop. The global tea market is expected grow with a steady growth rate of 5.7% and 4.6% in terms of value and volume respectively during the forecast period.

Based on segmentation of the global tea market has…

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