Transparency Market Research provides key detailed insights into the global tea and tea-based beverages market, in its upcoming market outlook titled, 'Tea and Tea-Based Beverages Market: Global Industry Analysis and Forecast 2018-2028'. The global tea and tea-based beverages market is anticipated to register a relatively higher compound annual growth rate of 4.9% in terms of revenue during the time frame of the forecast period, due to various market dynamics, regarding which, TMR offers detailed insights.
tea and tea based beverages market
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The Market in North America to Witness Predominant Growth in the Global Tea and Tea-Based Beverages Market
Being a well-developed economy with a larger population of health-conscious consumers, and with higher per capita expenditure on food products, North America holds a greater compound annual growth in the tea and tea-based beverages market in comparison with all other regions across the world.
Owing to factors such as increasing imports and consumption of green tea, favorable government policies in international trade and labeling, and other macro-economic factors favoring tea and tea-based beverages, it is anticipated that, the market in North America would register a considerable growth rate in the tea and tea-based beverages market, representing around 5.8% during the forecast period.
High Propensity for the Tea Blends Segment in the Global Tea and Tea-based Beverages Market
On the basis of type of tea and tea-based beverage, the tea blends segment is anticipated to register a compound annual growth rate of around 5.1% during the forecast period. Increasing consumer preference for a variety of flavor, aroma, and other healthy herbal ingredients such as infused honey, cinnamon, and lemon flavor has increased the market penetration of blended tea-based beverages over the years. As tea blends are available in various flavors at an affordable cost, blended tea and tea-based beverages have significant demand among consumers.
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