Tea Pods Market Revenue, Market Insights, Distribution Channel, By Product Analysis And Outlook From 2023-2032|Unilever, Bigelow Tea, Nestle, Keurig Green Mountain, Cornish Tea

The Tea Pods Global Market Report 2023 by The Business Research Company, provides tea pods 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 Pods Global Market Report 2023, the market size will grow from $5.88 billion in 2022 to $6.21 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. 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 pods is expected to grow to $7.54 billion in 2027 at a CAGR of 5.0%.

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.

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The tea pods market is segmented:

1) By Type: Soft Tea Pods, Hard Tea Pods

2) By Channel: Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores, Specialist Retailers

3) By Tea Type: Green Tea, Black Tea, Herbal Tea, Other Tea Types

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 2020, Teavana, a US-based tea company, introduced three new ready-to-drink wellness craft iced tea varieties. The new teas, which join Teavana’s existing craft iced tea and sparkling craft iced tea lines, are created with the finest teas and botanicals, as well as ingredients like ginger, turmeric, and 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 report table of contents includes: