Insights on the Global Tea Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio

The tea market is expected to grow by USD 13.24 billion, progressing at a CAGR of almost 5% during the forecast period.

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Technavio has announced its latest market research report titled Global Tea Market 2020-2024 (Graphic: Business Wire)

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The new product launches is one of the major factors propelling market growth. However, factors such as the impact of overconsumption of tea will hamper the market growth.

More details: https://www.technavio.com/report/tea-market-industry-analysis

Tea Market: Geographic Landscape

APAC had the largest market share in the tea market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 61% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for tea in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

• Arteasans Beverages LLC
• Associated British Foods Plc
• ITO EN Ltd.
• Nestlé SA
• Numi Inc.
• Starbucks Corp.
• Tata Global Beverages
• The Hain Celestial Group Inc.
• The Republic of Tea
• Unilever Group

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, until 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Black tea - Market size and forecast 2019-2024
• Green tea - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Distribution Channel

• Offline
• Online

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume drivers – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Arteasans Beverages LLC
• Associated British Foods Plc
• ITO EN Ltd.
• Nestlé SA
• Numi Inc.
• Starbucks Corp.
• Tata Global Beverages
• The Hain Celestial Group Inc.
• The Republic of Tea
• Unilever Group

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210118005439/en/