The tea pods global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Tea Pods Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The tea pods market size has grown strongly in recent years. It will grow from $6.17 billion in 2023 to $6.5 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to convenience, health awareness, environmental concerns, marketing and branding.
The tea pods market size is expected to see steady growth in the next few years. It will grow to $7.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to sustainability, health and wellness, emerging markets. Major trends in the forecast period include flavor variety, customization, smart technology, wellness and functional teas.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
Increasing tea consumption across the globe is expected to drive the growth of the tea pods market during the period. According to the Tea Association of the USA Inc., on any given day, over 159 million Americans are drinking tea. For instance, in July 2022, Americans consumed over 84 billion servings of tea, or more than 3.8 billion gallons and about 84% of all tea consumed was black tea, 15% was green tea, and the small remaining amount was oolong, white, and dark tea. The production of black tea is anticipated to rise by 2.2% annually over the next decade to reach 4.4 million tons by the end of 2027. This scenario is likely to generate higher demand for tea, which in turn is expected to have a positive impact on the tea pods market growth in the near future.
Market Trends –
The availability of different types of flavoured tea is emerging as a major trend that is shaping the growth of the tea pods market. Major players dealing in the tea pods market are now focusing on new flavours and introducing products according to consumers’ tastes and preferences. For instance, in June 2021, Teavana Corporation, a US-based tea company, introduced new white chocolate peppermint tea sachets, joining the brand’s existing line-up of premium tea sachets that are expertly blended to build layers of delicious flavours with high-quality full pieces of tea, real fruit, and botanicals. The indulgent herbal blend features notes of creamy white chocolate, cocoa, and smooth rooibos balanced with cool peppermint. Thus, the launch of new flavoured tea by the players dealing in the tea pods market is anticipated to be a major trend in the tea pods market.
The tea pods market covered in this report is segmented –
1) By Type: Soft Tea Pods, Hard Tea Pods
2) By Tea Type: Green Tea, Black Tea, Herbal Tea, Other Tea Types
3) By Channel: Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores, Specialist Retailers
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Regional Insights –
Asia-Pacific was the largest region in the tea pods market in 2023. Western Europe was the second-largest region in the tea pods market. The regions covered in the tea pods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the tea pods market include Unilever plc, Bigelow Tea Co, Nestle SA, Keurig Dr Pepper Inc., Cornish Tea & Cornish Coffee Ltd, Tata Global Beverages Ltd., Red Diamond Inc., TEEKANNE GMBH & CO. KG, The Republic of Tea Inc., Jacobs Douwe Egberts, Mother Parkers Tea & Coffee Inc., Starbucks Corporation, Reily Foods Company (RFC), Sidsam Group, VitaCup Inc., Celestial Seasonings Inc., R Twining and Company Limited, Tazo Tea Co, Lipton Teas and Infusions, Harney & Sons Fine Teas, Mighty Leaf Tea, Numi Inc., Yogi Tea, Stash Tea Co, Traditional Medicinals & WorldPantry.com LLC, Rishi Tea & Botanicals, Zhena’s Gypsy Tea, The Tea Spot Inc., Two Leaves and a Bud, Davidson’s Organic Tea
Table of Contents
1. Executive Summary
2. Tea Pods Market Report Structure
3. Tea Pods Market Trends And Strategies
4. Tea Pods Market – Macro Economic Scenario
5. Tea Pods Market Size And Growth
…..
27. Tea Pods Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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