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What is India's tea industry?
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India is the second-largest producer of tea globally. Indian tea is one of the finest in the world owing to strong geographical indications, heavy investment in tea processing units, continuous innovation, augmented product mix, and strategic market expansion.
- The Tea Industry in India
The Indian tea industry dates back to 172 years, and...
- The Tea Industry in India
Sep 23, 2022 · The Indian tea industry dates back to 172 years, and occupies a significant and distinct position in the Indian economy. The tea products can be broadly segmented into crush, tear and curl (CTC), orthodox and green tea. In India, nearly 80% of all families consume tea, making it the most popular beverage in the country.
May 10, 2024 · Tea market in India - statistics & facts. Choose a region: India was the second-largest producer of tea after China, and the largest consumer of said beverage, using nearly 30 percent of the...
Tea Market Size & Trends. The global tea market size was valued at USD 56.27 billion in 2023 and is projected to grow at a CAGR of 7.4% from 2024 to 2030. The increasing growth in the tea market is due to its many health benefits and the introduction of several flavors.
- The global tea market size was estimated at USD 13.31 billion in 2019 and is expected to reach USD 14.02 billion in 2020. Read More
- The global tea market is expected to grow at a compound annual growth rate of 5.5% from 2019 to 2025 to reach USD 18.42 billion by 2025. Read More
- Asia Pacific dominated the tea market with a share of 36.2% in 2019. This is attributed to high consumption of tea on a daily basis as an affordabl...
- Some key players operating in the tea market include Tata Global Beverages; Unilever; Associated British Foods Plc.; TAETEA; Nestlé S.A.; Barry's...
- Key factors that are driving the market growth include rising consumer awareness regarding the benefits such as the ability to boost immune system,...
This tea market accounts for tea beverages commonly prepared by pouring hot or boiling water over cured or fresh leaves of Camellia sinensis and other teas like black tea, green tea, and herbal tea. The tea market is segmented by form, product type, distribution channels, and geography.
- The Tea Market is projected to register a CAGR of 5.72% during the forecast period (2024-2029) Read More
- Associated British Foods plc, RC Bigelow Inc, Apeejay Surrendra Group, Tata Consumer Products and Ekaterra are the major companies operating in the...
- Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More
- In 2024, the Asia Pacific accounts for the largest market share in Tea Market. Read More
- The report covers the Tea Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Tea Market size f...
Dec 18, 2023 · Tea market worldwide - statistics & facts. Choose a region: Worldwide. Tea consumption has been around since as early as 1500 BC, originating as a medicinal beverage in the Yunnan province of ...
Drinking tea is a daily ritual for half of the world’s population. From its origins in China, tea has spread across trade routes over centuries, becoming a key global cash crop and providing livelihoods for millions of smallholder farmers (FAO, 2022a).
