The Latest Global Tea Industry Statistics Explained
The global tea market is projected to grow at a CAGR of 4.5% During 2021-2026.
The statistic states that the global tea market is expected to experience a Compound Annual Growth Rate (CAGR) of 4.5% between the years 2021 and 2026. This indicates that the market for tea products is forecasted to expand steadily at an average annual rate of 4.5% over the specified period. A CAGR provides a measure of the annual growth of an investment or market by smoothing out the fluctuations that may occur year-to-year. The projected growth in the global tea market suggests an increasing demand for tea products worldwide, driven by factors such as changing consumer preferences, health benefits associated with tea consumption, and expanding market opportunities.
China produced about 2.44 million metric tons of tea in 2019, making it the largest tea producer in the world.
The statistic highlights that China was the world’s largest tea producer in 2019, generating approximately 2.44 million metric tons of tea. This figure attests to China’s significant role in the global tea industry, reflecting its long-standing history and expertise in tea cultivation and production. The large output underscores China’s dominance in the market, both in terms of quantity and variety of tea products. Such a high production volume also suggests the country’s strong domestic demand for tea and its substantial export capacity to meet international markets. Overall, this statistic underscores China’s pivotal position in the global tea trade and its continued importance in shaping the industry’s dynamics.
The market size of the global tea beverage industry was valued at USD 52.1 billion in 2018.
The statistic ‘The market size of the global tea beverage industry was valued at USD 52.1 billion in 2018’ represents the total value of all tea beverages sold worldwide during that year. This figure reflects the scale and economic importance of the tea beverage industry on a global level, indicating the substantial financial impact that tea products have on the market. The value of USD 52.1 billion suggests a significant demand for tea beverages among consumers across various regions, highlighting the industry’s widespread popularity and potential for growth and investment opportunities.
The global tea market is expected to reach USD 68.2 billion by 2027.
The statistic “The global tea market is expected to reach USD 68.2 billion by 2027” indicates the projected growth and value of the tea industry on a global scale. This forecast suggests that the demand for tea products is increasing significantly and is set to continue expanding over the next few years. Factors such as increasing consumer awareness of the health benefits of tea, shifting dietary preferences towards natural and wellness-focused products, and the rise of specialty tea varieties are likely driving this growth. The market value of USD 68.2 billion by 2027 highlights the substantial economic opportunities within the tea sector and signals the sector’s importance in the global economy.
Green tea is expected to expand at the fastest CAGR of 5.9% from 2019 to 2025.
This statistic indicates that the green tea market is projected to experience a Compound Annual Growth Rate (CAGR) of 5.9% from 2019 to 2025, which means that the market is expected to grow at an average annual rate of 5.9% during this period. This growth rate of 5.9% is forecasted to be the highest among all types of tea markets over the specified timeframe, indicating that green tea consumption is anticipated to increase at a faster pace compared to other types of tea products. This statistic suggests that there is a rising trend in consumer preference for green tea, leading to increased demand and market expansion in the coming years.
The Tea industry in India valued at INR 131,146 Cr in 2020.
The statistic “The Tea industry in India valued at INR 131,146 Cr in 2020” indicates that the total worth of the tea industry in India was 131,146 crores in the year 2020. This value encompasses all aspects of the tea industry, including the production, distribution, and consumption of tea within the country. The statistic provides a snapshot of the economic significance of the tea industry in India, highlighting its size and contribution to the overall economy. It serves as a key indicator for policymakers, investors, and stakeholders to understand the scale and importance of the tea sector in India.
Black tea segment holds the largest share of around 60% in the global tea market in 2019.
The statistic indicates that among all types of tea, black tea accounted for approximately 60% of the total market share in 2019, making it the most dominant segment in the global tea market. This suggests that consumers worldwide have a strong preference for black tea over other varieties such as green tea, white tea, or herbal tea. The high market share of black tea indicates its popularity and widespread consumption, possibly due to factors such as taste preferences, cultural influences, marketing strategies, or perceived health benefits associated with black tea consumption. Companies operating in the tea industry may use this information to tailor their product offerings and marketing efforts to meet the strong demand for black tea among consumers.
The Asia Pacific dominated the global tea market with revenue share of 60.5% in 2018.
The statistic indicates that the Asia Pacific region held a significant position in the global tea market in 2018, accounting for 60.5% of the total revenue generated from tea sales worldwide. This dominance suggests that the countries within the Asia Pacific region, such as China, India, and Japan, are major players in the tea industry, both in terms of production and consumption. Factors such as the rich tea-growing history, diverse tea cultures, and large populations of tea drinkers in these countries likely contribute to their strong presence in the global tea market. Additionally, the statistic highlights the importance of the Asia Pacific region in shaping the trends and dynamics of the global tea industry.
In the UK, more than 100 million cups of tea are consumed every day.
The statistic that in the UK, more than 100 million cups of tea are consumed every day highlights the widespread popularity and cultural significance of tea in British society. This figure represents a significant part of daily beverage consumption, indicating that tea is a beloved and integral aspect of daily life for many individuals in the UK. The high consumption of tea also reflects the long-standing tradition and deep-rooted tea-drinking culture that has been a part of British customs for centuries. This statistic not only showcases the sheer volume of tea consumed in the UK but also underscores the social and cultural importance of this beverage in the daily routines and social interactions of the population.
In 2019, tea exports from Kenya to the international market amounted to 519.2 million kilos.
In 2019, Kenya’s tea exports to the global market totaled 519.2 million kilos, indicating the significant contribution of the country’s tea industry to the international trade market. This statistic highlights Kenya’s position as one of the leading tea exporters globally, with a strong impact on the country’s economy and trade relations. The substantial volume of tea exports reflects Kenya’s ability to meet international demand for its high-quality tea products, showcasing the country’s competitiveness in the global tea market. Additionally, the statistic underscores the importance of the tea industry to Kenya’s overall economic growth and export revenue generation.
Tea consumption in the United States has grown by 10% over the last decade.
The statistic ‘Tea consumption in the United States has grown by 10% over the last decade’ indicates that there has been a notable increase in the amount of tea consumed by individuals in the United States over the past ten years. This growth in tea consumption could be attributed to various factors such as shifting consumer preferences towards healthier beverages, increased awareness of the health benefits associated with tea, and a growing interest in different tea varieties. The 10% increase suggests a significant trend towards a higher demand for tea among the American population, which could have implications for the beverage industry, market trends, and overall consumption patterns in the country.
Tropical weather is generally between 20 – 30 degrees Celsius, which is the ideal climate for tea cultivation, and around 60 countries grow tea to this date.
The statistic that tropical weather is generally between 20-30 degrees Celsius, making it the ideal climate for tea cultivation, is significant because it highlights the conditions required for optimal tea growth. Tea plants thrive in warm temperatures with consistent rainfall, which are typically found in tropical regions. The fact that around 60 countries currently grow tea further emphasizes the widespread appeal and adaptability of tea cultivation to different geographic locations within the tropical climate range. This statistic underscores the global significance and popularity of tea production, as well as the economic and cultural impact of tea cultivation in various countries around the world.
Turkey has the highest per capita tea consumption in the world, with 7.6 lbs per person per year.
The statistic that Turkey has the highest per capita tea consumption in the world, with 7.6 lbs per person per year, indicates the significant cultural importance of tea in Turkey and its widespread popularity among the population. This high consumption level reflects the deeply ingrained tea-drinking tradition in Turkish society, where tea is commonly consumed throughout the day and in social settings. The statistic also sheds light on the economic impact of tea production and consumption in Turkey, highlighting the country’s position as a major player in the global tea market. Overall, the high per capita tea consumption in Turkey underscores the cultural significance and widespread appeal of tea within the country.
Iced tea makes up about 85% of all tea consumed in the United States.
The statistic that iced tea makes up about 85% of all tea consumed in the United States means that the vast majority of tea consumption in the country is in the form of iced tea as opposed to hot tea. This suggests a strong preference for cold tea drinks among Americans. The popularity of iced tea can be attributed to factors such as refreshment in warm weather, versatility in flavorings and additives, and its availability in ready-to-drink formats. This statistic is important for businesses in the tea industry to consider when developing marketing strategies, product offerings, and identifying consumer preferences within the United States tea market.
The global iced/hot tea market size was valued at $52.1 billion in 2018, and is expected to reach $81.6 billion by 2026.
The statistic indicates that the global market for iced and hot tea was valued at $52.1 billion in 2018 and is projected to grow to $81.6 billion by the year 2026. This represents a significant increase in market size over the specified time period. The growth in the tea market can be attributed to factors such as shifting consumer preferences towards healthier beverage options, increasing awareness about the health benefits of tea, and product innovations in the tea industry. The projected growth suggests that there is a growing demand for both iced and hot tea globally, presenting opportunities for businesses in the tea industry to expand and capitalize on this trend.
Organic tea segment is expected to expand at the fastest CAGR of 7.3% from 2019 to 2025.
This statistic indicates that the organic tea segment is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2019 to 2025, making it the fastest-growing segment in the tea industry during this period. This suggests a significant increase in consumer demand for organic tea products over the forecasted years. Factors driving this growth could include a rising awareness of the health benefits associated with organic products, increasing concerns about environmental sustainability, and changing consumer preferences towards healthier and more natural beverage options. The strong projected growth rate for the organic tea segment highlights a promising market opportunity for tea producers and retailers to capitalize on the growing popularity of organic tea among consumers.
Ready-to-drink (“RTD”) tea category is projected to reach USD 38.96 billion by 2027.
The statistic ‘Ready-to-drink (“RTD”) tea category is projected to reach USD 38.96 billion by 2027’ indicates the anticipated total market value of ready-to-drink tea products by the year 2027. This projection takes into account expected consumer demand, market trends, and other relevant factors that may influence the growth of the RTD tea category. The figure of USD 38.96 billion serves as a forecast for the potential financial value that this product category is expected to achieve by 2027, suggesting significant growth and economic opportunities within the RTD tea market in the upcoming years.
Conclusion
The global tea industry statistics provide valuable insights into the trends and dynamics of the market. With growing consumer interest in health and wellness, as well as sustainability practices, the tea industry is poised for continued growth. The data presented in this blog post highlights the importance of understanding consumer preferences, emerging markets, and the impact of various factors on the industry. As tea remains a popular beverage choice worldwide, businesses and stakeholders can use these statistics to make informed decisions and stay competitive in this evolving market.
References
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