Maximize Market Research’s latest report, ” Global Tea Market Global Demand Analysis and Opportunity Outlook 2027″, offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.

Global Tea Market

Global Tea Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 4.49% through 2020 to 2026, reaching US$ XX Mn.

Global Tea Market Overview

Tea, a dried leaf–infused beverage made from the leaves of a small shrub originally from China, has become the world’s 2nd most popular beverage after water, with 3 Bn cups consumed every day through the world. In the year 2019, total tea production accounted for 5.98 Mn tonnes, of which approximately 35 % was exported, worth USD 8 Bn. That same year, the sector had a retail value of about USD 50 Bn. Tea was developed in 48 countries, with 12 Low Human Development Countries. Tea production employs 13 Mn people, 9 Mn of whom are smallholder farmers, while the rest work in tea lands in China, Sri Lanka & Kenya, which account for half of the world’s tea production, the majority of tea is produced by smallholder farmers.

The major tea-exporting countries in 2019 were China (USD 1.6 Bn), Sri Lanka (USD 1.5 Bn) & Kenya (USD 1.4 Bn), while the major importing countries were Pakistan (USD 550 Mn), Russia (USD 525 Mn) & the US (USD 487 Mn). A major amount of tea is also consumed locally. For example, the amount of tea consumed in China, India & Turkey in 2019 was more than in all other tea-consuming nations combined.
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Global Tea Market Major Market Players

• Barry’s Tea
• R Twining and Company Limited
• Hain Celestial Group Inc
• Nestle SA
• Orientis Group (Kusmi Tea)
• The Republic of Tea
• Tazo Tea Company
• Numi Inc.
• Apeejay Surrendra Group
• Mighty Leaf Tea Company
• Bettys & Taylors Group Ltd.
• cLeod Russel

The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world’s largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.

Segmentation of Global Tea Market by Types and Applications:

Global Tea Market2

The report has covered the market size by country (regions) for the global Tea market. Segment by Application. The Tea Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.

Analysis of the Tea Market Share and Competitive Landscape:

This report provides a detailed analysis of the Global Tea Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.

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