Green Tea Market Size Estimation, Industry Overview, Statistics and Forecast 2024-2032
The latest report by IMARC Group, titled “Green Tea Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the green tea market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global green tea market size reached US$ 16.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.
Green Tea Market Trends:
The global market is primarily driven by the increasing consumer awareness about the health benefits of green tea, such as its antioxidant properties and role in weight management. In accordance with this, the emerging trend of organic and natural beverages is further augmenting the market demand. Furthermore, rising disposable incomes, are enabling consumers to shift towards premium products, and propelling the market growth. Similarly, continual technological advancements in processing, including the development of new flavors and ready-to-drink formats, are attracting a broader consumer base to the market.
Additionally, the growing use of in cosmetics and pharmaceuticals for its anti-aging and medicinal properties, is contributing to market expansion. Moreover, the ongoing shift towards sustainable and eco-friendly packaging in the beverage industry is enhancing the market appeal. Besides this, increasing global trade and e-commerce platforms are increasing accessibility to consumers worldwide, providing an impetus to the market.
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Green Tea Market Scope and Growth Analysis:
The scope of the market is vast, with significant growth potential across various regions and industries. The food and beverage sector are expected to remain the dominant consumer, particularly with the rising demand for functional drinks that offer health benefits. As per market analysis, ongoing innovations in product development, such as the introduction of flavored and fortified green tea variants, are anticipated to drive expansion in the market.
Moreover, the market scope is also witnessing increased demand from the cosmetics and nutraceutical sectors, where the natural properties of green tea are being harnessed in skincare and dietary supplements. In addition to this, as consumer preferences continue to shift towards organic and clean-label products, the demand for sustainably sourced green tea is projected to rise. The market scope is predicted to grow steadily, supported by expanding distribution channels, including online retail platforms, which render premium and specialty products more accessible.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- AMORE Pacific Corp
- Arizona Beverage Company
- Associated British Foods LLC
- The Coca-Cola Company
- Tata Global Beverages
- Unilever
- Cape Natural Tea Products
- Celestial Seasonings
- Finlays Beverages Ltd.
- Frontier Natural Products Co-Op.
- Hambleden Herbs
- Hankook Tea
- Honest Tea, Inc.
- ITO EN
- Kirin Beverage Corp.
- Metropolitan Tea Company
- Northern Tea Merchants Ltd
- Numi Organic Tea
- Oishi Group Plc.
- Oregon Chai Inc.
- Yogi Tea
Green Tea Market Segmentation:
Our report has categorized the market based on region, type, flavour and distribution channel.
Breakup by Type:
- Green Tea Bags
- Green Tea Instant Mixes
- Iced Green Tea
- Loose Leaf
- Capsules
- Others
Breakup by Flavour:
- Lemon
- Aloe Vera
- Cinnamon
- Vanilla
- Wild Berry
- Jasmin
- Basil
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a premier market research enterprise that specializes in providing management strategies and detailed market analysis globally. We engage with a diverse array of clients across various sectors and geographical regions, helping them to pinpoint and capitalize on valuable opportunities, address pivotal challenges, and effectively transform their enterprises.
Our reports deliver insightful information on key market trends, technological advancements, economic shifts, and scientific developments, catering to business leaders in sectors such as pharmaceuticals, industrial technologies, and high-tech organizations. We are experts in forecasting market trends and conducting industry analyses for areas including biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology, ensuring top-tier guidance in these complex fields.
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