Tea Market Witnesses Emergence of Associated British Foods Plc & Barrys Tea as Key Market Contributors| $16.20 Bn Growth Expected During 2021-2025

NEW YORK, Sept. 6, 2021 /PRNewswire/ — Do you know the tea market size is expected to reach a value of…

NEW YORK, Sept. 6, 2021 /PRNewswire/ — Do you know the tea market size is expected to reach a value of $ 16.20 bn during 2021-2025? The «tea market segmented by Product (Black tea, Green tea, and Others) and Geography (APAC, Europe, North America, South America, and MEA) – Forecast and Analysis 2021-2025″ has been added to Technavio’s offering.

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With the gradual recovery of markets from the aftermath of the COVID-19 pandemic, the tea market industry is likely to witness a positive impact during the forecast period.

Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.

This post-pandemic business planning research will aid clients to:

  • Addressing Potential Impacts by Facilitating changes in Process Designs
  • Focusing on agile execution of proposed and approved changes.
  • Assessing Impact on Critical IT infrastructure and Software System

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Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Emerging Opportunities with Key players

  • Associated British Foods Plc – The company offers classic black teas, green teas, herbals teas, and more.
  • Barrys Tea – The company offers decaf blends, loose leaves, herbal tea, and more.
  • Unilever Group – The company offers green teas under the brand Lipton.

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Tea Market 2021-2025: Segmentation

The tea market is segmented as below:

  • Product
    • Black Tea
    • Green Tea
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

The tea market is driven by the functional benefits of tea. In addition, other factors such as the rapid rise in consumption of green tea, and new product launches are expected to trigger the tea market toward witnessing a CAGR of over almost 5.19% during the forecast period.

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
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