Published on : Feb 02, 2016
Tea is world’s most popular drink and for many an indispensable one. Owing to this very reason the global tea market is poised to further its revenue in the coming few years. The growing demand for tea and a wide range of tea flavors available for the ever-expanding population base are leading the global tea market on renewed path of success. Its low cost and easy availability make it the most popular drink. Furthermore, as tea has a wide range of consumers, ranging from all age groups, serving, planting, and manufacturing it has become a source of livelihood for many. Some of the top players in the global tea market are Twinning of London, Wissotzky Tea, Unilever, Akbar Brothers Ltd., and Tata Global Beverages Ltd.
Health Benefits Propel Global Tea Market
The global tea market is being propelled further as more and more consumers are realizing the benefits of consuming tea. The drink has antioxidants properties, which are beneficial for treating cancer, reducing the risk of heart attacks, preventing arthritis, improving bone density, and controlling blood pressure among others.
Huge Demand for Hot Beverages Propels Global Tea Market
The global tea market is likely to growth further due a huge demand for hot beverages in everyday life from all over the world. Besides acting as a stimulant, tea also possesses healing properties and hence, is considered to be good for cold and cough. The high revenue earning by the global tea market is also supporting the high employment opportunity, both of which are being fueled by a great demand for tea in the world.
Asia Pacific Leads the Way for Global Tea Market
Regionally, Asia Pacific leads the global tea market in terms of consumption and production. This is a result of an exponential demand from developing countries such as China and India. Though the tea market is small in North America it is expected to pick up pace in the coming years.
The new varieties of tea such as flavored tea and green tea are expected to open up several more avenues for growth of the global tea market.