Tea Market will register a CAGR of 5% during 2020-2024. The market’s growth momentum will Accelerate.
new product launches will be one of the major factors driving the growth of this market. Additionally, key Tea Market trends such as the functional benefits of tea will also influence market growth during the forecast period.
Tea Market Size
During the forecast period, the Tea Market size will grow by USD 13.24 bn.
Download the Sample Report @ http://bit.ly/3dtoJtM
Tea Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Tea Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the availability of substitutes will also challenge the growth of the companies.
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.list are some of the companies covered in Technavio’s Tea Market report for 2020-2024.
Tea Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Tea Market.
The APAC will account for the largest Tea Market share and during 2020-2024, the region will contribute to 61% of the market’s growth.
Comments