The rising concern about health and fitness has promoted the growth of the global green tea market predicts Fortune Business in their new report, titled,” Green Tea Market Size, Share and Global Trend by Type (Tea Bags, Powder, Loose Leaf, Capsules, Others), By Formulations (Flavored, Unflavored) and Geography Forecast till 2026”. The report provides important business insights related to the green tea market and what all factors will help promote or demote the growth of the market within the forecast period of 2018 to 2026.
Health Benefits Offered by Green Tea Stimulating Market Growth
The rise in awareness about health and physical fitness is promoting the trend of a healthy lifestyle and regular exercise. It also encourages people to keep a check on their daily calorie and nutrient intake, hence rising awareness about the benefits of green tea is identified as a key factor enabling growth in the global green tea market. Green tea is believed to reduce the adverse effect of cancer cells, LDL cholesterol, and thus, their demand is increasing by the day. Green tea is also believed to help cure body aches and headaches.
Additionally, regular consumption of green tea also helps to reduce fats and are gaining popularity, especially among the obese and health conscious consumers. All mentioned factors are anticipated to contribute to the growth of the global green tea market in the forecast duration.
- Tea Bags
- Loose Leaf
- North America (USA, Canada, and Mexico)
- Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East & Africa (South Africa and Rest of ME&A)
Some of the Main Key Players Covered in the Report:
- Tata Global Beverages Limited
- The Unilever Group
- Amorepacific Corporation
- Nestle S.A.
- DSM Nutritional Products
- The Coca-Cola Company
- Associated British Foods plc
- Numi Inc.
- Oregon Chai Inc.
- Celestial Seasonings, Inc.
- Northern Tea Merchants Ltd.
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Presence of Major Green Tea Production Companies to Make Asia Pacific Emerge Dominant
Fortune Business Insights foresees the global green tea bag market to witness largest share from Asia Pacific. This is because of the presence of major green tea producing companies and exporting countries such as Japan, China, India, Taiwan, and others in the region. The rising awareness about the benefits of green tea consumption and the rising number of product launches are anticipated to generate larger revenues to the regional market in the coming years as well.
However, the cost of green tea is comparatively more than that of black tea, and this may restrict its growth in the future. Also, the lack of awareness about the benefits of green tea consumption, especially in developing nations, may hamper the global market in future.
Key Questions Answered of Green Tea Market:
What will the market growth rate of Green Tea Market in 2026?
What are the key factors driving the Global Green Tea Market?
What are sales, revenue, and price analysis of top manufacturers of Green Tea Market?
Who are the distributors, traders and dealers of Green Tea Market?
Who are the key vendors in Green Tea space?
What are the Green Tea Market opportunities and threats faced by the vendors in the Green Tea Market?
What are sales, revenue, and price analysis by types, application and regions of Green Tea Market?
What are the market opportunities, market risk and market overview of the Green Tea Market?
Launch of Innovative Flavors in Green Tea to Attract Increasing Number of Consumers
Launching innovative flavors of green tea are is one of the main strategies adopted by various market players to maintain a strong foothold in the market. Company collaborations and merger and acquisitions are other strategies adopted by the market for a better revenue generation. For instance, two companies, namely MindFull Inc., and Sequential Brands Group, Inc., collaborated and announced the launch of GAIAM Organic Green Teas February 2019.
Some of the companies functioning in the global market are The Coca-Cola Company, The Unilever Group, Numi Inc., Nestle S.A., Amorepacific Corporation, Celestial Seasonings, Inc., Associated British Foods plc, DSM Nutritional Products, Oregon Chai Inc., Northern Tea Merchants Ltd., Tata Global Beverages Limited, and others.