Green Tea Market-By Industry Analysis, Size, Share, Growth, Trends and Forecast 2024- Acumen Research and Consulting

acumenresearch (28)in #green • 6 years ago

Introduction

Green tea is a specific kind of unfermented leaves that do not undergo the process of oxidation and are then dried. The green tea market segment is growing at the fastest rate owing to the health benefits associated with it. Rising consumer awareness regarding the usage of safety products have been the major driver contributing to the growth of green tea market globally. The growing number of obese patients suffering from severe eight loss problems has been another major reason pushing the demand for green tea and in turn helping the green tea market to grow globally.

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Market Dynamics

Green tea is well known for its healing and cleansing properties which have resulted in its application for curing severe diseases like cancer. It is believed that green tea helps in reducing ill effects from the cancerous cells. Other than this, green tea also helps in reduction of cholesterol and fat from the body. It has bioactive compounds, antioxidants and nutrients present which also helps in reducing skin related problems. This has further increased the demand for green tea and is expected to grow in future as well owing to the rising demand from image conscious society further helping in the growth of global green tea market. Even though there are huge health benefits of consumption of green tea, there are also certain side-effects associated with it. The side effects may range from nervousness, sleep problems, vomiting, dizziness and convulsions among others. This is analyzed to have a negative impact on the growing in demand of green tea. Increasing number of health conscious people is expected to provide huge growth opportunities in the green tea market globally.

Market Classification

The Green Tea Market is bifurcated on the basis of product type, flavor and geography. On the basis of product type global green tea market is classified into green tea bags, green tea instant mixes, and iced green tea among others. Other than this, green tea market segmentation on the basis of flavor into basil, lemon, jasmine, aloe vera, vanilla, wild berry and cinnamon among others. Geographically, the global market for green tea is analyzed into major regions as North America, Europe, Asia-Pacific, Middle East and Africa (MEA) and Latin America. On the basis of revenue, North America dominated the market for green tea in 2015. Rising number of obese patients is one of the major drivers pushing the demand positively for green tea market in North America. Moreover, growing consumer awareness towards health benefits associated with consumption of green tea is resulting in the increasing the demand for green tea in North America. Asia-Pacific is one of the largest markets for green tea after North America, with China and Japan being the major countries contributing to the growth. Green tea having originated from China is consumed on a large scale, followed by Japan. Apart from this, rising awareness in countries such as India, Singapore and South Korea among others have enhanced the demand for green tea in Asia-Pacific.

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Report Coverage

Market Global Green Tea Market
Analysis Period 2014 – 2024
Historic Data 2014 – 2015
Base Year 2016
Forecast Data 2017 – 2024
Market Stratification Type, Flavor, Geography
Regional Scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage Market Trends, Drivers, Restraints, Porter’s Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

Some of the major players operating in the global tea market include Arizona Beverage Company, Cape Natural Tea Products, DSM Nutritional Products, Finlays Beverages Ltd., Hambleden Herbs, Honest Tea, Inc., ITO EN, Metropolitan Tea Company, Northern Tea Merchants Ltd., Oishi Group Plc., PG Tips, Qi Teas (Herbal Health Ltd.), Ringtons, Suntory Holdings Limited, Tetley GB Ltd., The Kent Tea & Trading Company, The Stash Tea Company, Uni-President Enterprises Corp., AMORE Pacific Corp., Associated British Foods LLC, Celestial Seasonings, Ferolito, Vultaggio & Sons, Frontier Natural Products Co-Op., Hankook Tea, ICC among others.

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Market Segmentation

Market By Product Type

Green tea bags

Green tea instant mixes

Iced green tea

Others

Market By Flavor

Basil

Lemon

Jasmine

Aloe vera

Vanilla

Wild berry

Cinnamon

Others

Market By Geography

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o Australia

o Rest of Asia-Pacific

Latin America

o Brazil

o Chile

o Rest of Latin America

Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o Rest of MEA

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