World Tea Market Reports China as the Largest Exporter
By Snehal Singh , 19 April, 2023
The World Tea Conference and Expo is one of the largest annuals gathering of the global tea industry. Recently it took place in Las Vegas for the year 2023 in the month of March. By bringing together merchants, suppliers and other professionals in the industry, World Tea Expo welcome the guests and speakers along with the exhibitors from all corners of the world. This included China, India, Japan, Sri Lanka and as well as Kenya.
According to the reports, the disposable incomes of consumers has allowed the tea manufacturers to introduce premium as well as health-oriented products. Even they are adding healthy ingredients to their organic tea formulations so as to get some benefits for common health conditions like obesity, diabetes, heart problems etc. Thus, nowadays organic tea has become an emerging trend with positive impact on the growth of tea market.
As per the survey reports, the global tea market size reached USD 23.2 billion in 2022. The market value is expected to reach USD 31.6 billion by 2028, with a growth rate of 5.4 percent during the period 2023-2028.
Reports also reveals that China is the largest exporter of tea and the largest market for tea in the world. The Chinese market is estimated at almost USD 100 billion with sales for in-home and out-home consumption valued at retail prices. India is ranked second with total sales of USD 15.7 billion. Japan, the United States and Brazil are in the top five list.
Global Tea Market, 2012-2025
Latest News
Globally, the nations are facing downward momentum in their economic activities. The financial condition of advanced economies is declining rapidly in 2024. Surveys suggest that advanced economies are facing economic challenges due to various…
The growing clean energy transition process is forcing companies to make significant decisions regarding the storage of clean energy. Germany's energy market surges in power with necessary steps towards uplifting clean energy. The increasing…
Fast moving consumer goods (FMCG) are the important goods that consumers use in their daily activities. These products are otherwise known as consumer-packaged goods, thus, they include a range of products, such as food and beverages, healthcare…
The energy sector will go through dynamic changes in 2024. This is due to the rapid growth of the clean energy transition in the energy sector. Hence, renewables like wind and solar energy are gaining momentum in the market. However, fossil fuels…
The global economy faces new challenges in 2024 that economically represent both positive and negative aspects. According to survey data, the global economy will stabilize for the first time in three years. The world economy will experience economic…
Assistant Manager - Research