Green Tea Market industry – Industry Trends and Forecast to 2027


Posted July 27, 2021 by james4220

The global Green Tea Market industry reached a value of US$ 19.9 Billion in 2021. Green tea, made from the unoxidized leaves of Camellia sinensis, is a pale green beverage with a slightly bitter taste.
 
Market Overview
Green tea is made from camellia sinensis leaves that have undergone minimal oxidation during processes. The various health benefits of green tea are increasing the demand for it among consumers.

One of the significant reasons for the growth of the green tea market is the medicinal benefits of green tea. The antioxidant property of green tea aids blocking the oxidation of low-density lipoprotein and cholesterol.

Thus, the increasing prevalence of cardiovascular diseases and obesity cases are anticipated to increase the consumption of green tea during the forecast period The global green tea market is expected to garner a revenue of USD 9 billion by 2027, with a CAGR of 5.8% during the forecast period, 2021–2027.

Competitive Landscape
Arizona Beverages USA (US), Tata Global Beverages Limited (India), The Republic of Tea (US), Unilever PLC (UK), East West Tea Company, LLC (US), The Bigelow Tea Company (US), Numi, Inc. (US), Starbucks Corporation (US), Organic India (India), Associated British Foods plc (UK), Mekor Corporation (US), Koninklijke DSM N.V. (the Netherlands), Cape Natural Tea Products Pty Ltd (South Africa), Celestial Seasonings (US), and Hankook Tea USA, Inc. (US) are some of the key players in the global green tea market.

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Market Segmentation
The global Green Tea Market industry has been segmented based on form, category, distribution channel, and region.
By form, the global green tea market has been classified as powder, tea bags, loose-leaf, and others.
The tea bag segment held a significant market share in the global green tea market, and the same segment is expected to be the fastest-growing segment.
Based on category, the global green tea market has been bifurcated into organic and conventional.
The conventional segment holds a larger market share in the global green tea market.
However, the organic segment is expected to register the higher CAGR during the review period.

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Regional Analysis
Asia-Pacific accounted for the largest market share in 2021. The region’s dominance and growth can be attributed to the increasing consumption of healthy food and beverages among health-conscious people.

North America is expected to be the fastest-growing region in the green tea market. The rise in consumer awareness regarding the benefits associated with green tea is majorly driving the growth of green tea market in this region.

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Last Updated July 27, 2021