Green tea is considered as the healthiest drink which is boosting the growth of global green market: Rapidly changing lifestyles of people and inclination towards healthy alternatives to have a balanced diet is increasing the adoption rate of green tea throughout the world. Green tea helps in regulating the metabolism rate and body functions. Moreover, medicinal benefit of green tea is driving demand and consumption of green tea across the globe.
The global green tea market is segmented based on product type, based on packaging and by distribution channel. Packaging segment is further categorized on the basis of loose leaf and tea bags. Tea bags segment is projected to witness highest growth due to easy availability at super markets. Also availability of different flavours of green tea is likely to enhance market of tea bag packaging segment.
Based on distribution channel, supermarkets are expected to witness healthy growth. However, tea shops accounted for largest revenue share in 2016. Online sale of green tea is also gaining traction mainly in the developing countries and is estimated to witness notable growth during the forecast period.
Latin American region is anticipated to observer a high potential growth in the green tea market during the forecast period i.e. 2016-2024, due to increasing awareness and rising disposable income. Latin America green tea market is estimated to hold 5% revenue share of global green tea market in 2024, registering a robust CAGR during the forecast period.
Ready-to-drink green tea (RTD): A healthy packaged drink
Ready-to-drink (RTD) tea is the biggest transformation in green tea market. RTD green tea is convenient and a healthy alternative to other drinks and beverages available in the market. Rising urbanization and changing lifestyle has given rise to cafe culture among urban population. As most of the people prefer spending their leisure time in cafes is one of the key factor which is driving the ready to drink green tea market across the globe.
“Global Green Tea Market Outlook 2024” contains detailed overview of the global green tea Market in terms of market segmentation by product type, by packaging and by distribution channel.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market report also includes competitive outlook of some of the major players of the global green tea market which includes profiling of companies Tetley GB Ltd, Nestle S.A., DSM Nutritional Products, Tata Global Beverage etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global green tea market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.