World Tea Market to Grow 5.8% annually from 2015 to 2019

World Tea Market to Grow 5.8% annually from 2015 to 2019
Global demand for tea is forecast to expand 5.8% p.a. between 2015 and 2019. China, Japan, Morocco, Sri Lanka and the United States are considered the highest potential markets in the coming years.
 
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global tea industry is forecast to reach 5.8% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 10.0%. Currently, green tea (unfermented) accounts for 43.2% of the global demand while the remaining market share is divided between black tea (fermented or partly fermented) (29.8%) and tea concentrates, extracts and essences (27.0%).
 
China, India, Japan, Sri Lanka and the United States represent the largest tea markets while the strongest annual growth is forecast to occur in Morocco (20.2%), Panama (15.4%), Bolivia (12.8%), Rwanda (12.1%) and Ethiopia (10.4%).
 

The information is extracted from a recently published reports: Global Tea Market Reports

 
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential tea markets in the coming years are:
 
Ranking
Country
Market Potential Rate
1
China
0.86
2
United States
0.41
3
Morocco
0.22
4
Sri Lanka
0.18
5
Japan
0.16
6
Panama
0.15
7
Bolivia
0.13
8
Rwanda
0.12
9
Ecuador
0.10
10
Ethiopia
0.10
11
South Korea
0.10
12
Kenya
0.09
13
Sudan
0.06
14
Malaysia
0.06
15
Kyrgyzstan
0.04
16
Peru
0.04
17
United Kingdom
0.04
18
Vietnam
0.04
19
Mongolia
0.04
20
Colombia
0.03
 
The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date market data on the actual market situation, trends, and future outlook for tea in the world and individually for the following countries:
 
Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Ecuador, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Iran, Italy, Japan, Jordan, Kazakhstan, Kenya, Kyrgyzstan, Latvia, Lebanon, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Mongolia, Morocco, Nepal, Netherlands, Norway, Oman, Pakistan, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Rwanda, Senegal, Singapore, Slovakia, South Korea, Spain, Sri Lanka, Sudan, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Uruguay, Vietnam
 
The reports include historic market data from 2008 to 2014 and forecasts until 2019 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.

The latest market data for this research include:

- Overall tea market size, 2008-2019
- Tea market size by product segment, 2008-2019
- Growth rates of the overall tea market and different product segments, 2008-2019
- Shares of different product segments of the overall tea market, 2008, 2014 and 2019
- Market Potential Rates of the overall tea market and different product segments
 
The product segments discussed in the reports include:
  • Green tea (unfermented)
  • Black tea (fermented or partly fermented)
  • Tea concentrates, extracts and essences
 
The reports help answering the following questions:
- What is the current size of the tea market in the world and in different countries?
- How is the tea market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?

About The Author

Staff's picture
Staff Member

Clients Who Trust Us

Need tailor made market research solution? We can help you with that too.

About Us

At Market Research Reports, Inc. we aim to make it easier for decision makers to find relevant information and locate right market research reports which can save their time and assist in what they do best, i.e. take time-critical decisions.

We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customer’s needs, be it custom research or syndicated research reports.

Contact Us

Market Research Reports, Inc
16192 Coastal Hwy
Lewes
, DE 19958, USA

USA: +1-302-703-9904

India: +91-8762746600

marketresearchreports

info@marketresearchreports.com

User login

Stay Connected