The Tea Capsule Global Market Report 2023 by The Business Research Company, provides tea capsule market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Tea Capsule Global Market Report 2023, the market size will grow from $1.49 billion in 2022 to $1.68 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global tea capsule is expected to grow to $2.72 billion in 2027 at a CAGR of 12.7%.
Increasing consumption of tea is predicted to boost demand for tea capsules over the forecast period. According to the International Institute of Sustainable Development (IISD), tea has become the second most popular beverage, with 3 billion cups consumed every day across the globe.
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The tea capsule market is segmented:
1) By Product Type: Red Tea Capsules, Oolong Tea Capsules, Black Tea Capsules, Yellow Tea Capsules, Other Product Types
2) By Distribution Channel: Hypermarkets & Supermarkets, Specialty Stores, Online Stroes, Convenience Stores, Other Distribution Channels
3) By Application: Residential, Commercial
The players engaged in the manufacturing and selling of tea capsules are adopting various strategies, such as mergers and acquisitions, new product launches, and plant capacity expansion, in order to maintain their position in the competitive business environment. For instance, in October 2020, Melitta Single Portions, a Florida-based beverage company is collaborating with SABIC’s TRUCIRCLE™ range of solutions and services to develop its ground-breaking new premium organic tea capsules made from certified circular polypropylene (PP) that employs recycled plastic feedstock. The launch signified an innovative use of recycled, transparent plastic tea capsules in the industry, as well as an exciting step toward a more sustainable future with items that are easier to recycle and contribute to the creation of a circular economy for plastics.
The tea capsule market report table of contents includes:
1. Executive Summary
2. Tea Capsule Market Characteristics
3. Tea Capsule Market Trends And Strategies
4. Tea Capsule Market – Macro Economic Scenario
5. Tea Capsule Market Size And Growth
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26. Africa Tea Capsule Market
27. Tea Capsule Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tea Capsule Market
29. Tea Capsule Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Dualit Limited
- Teespress
- Nestle Nespresso
- Lipton
- Corsini
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