The Asia Pacific Green Tea Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
Green tea has gained popularity among millennials as a plant-based, organic, and nutritious beverage. The Camellia Sanness plant's dried leaves are used to manufacture green tea. The significant number of health benefits of green tea include weight loss and maintenance, detoxification, and more.
Matcha green tea is a well-liked type of green tea that is ground rather than brewed, in contrast to traditional green tea. Lipton green tea and Tetley green tea are the two most popular green tea brands currently available. As customers become more aware of their health benefits, antioxidant-rich foods and beverages, such as tea, have grown in popularity.
As a quick source of nutrients, green tea has gained wide acceptance among consumers in recent years. Now that consumers have more disposable income, they may spend it on high-quality products that preserve and improve their health. The increased preference for organic, natural, and clean-label products has contributed to the rise in popularity of these goods throughout the world.
India, unlike the majority of other tea-producing and exporting nations, has a dual manufacturing base. India produces green tea in addition to CTC and Orthodox teas. Because domestic consumers prefer the former, the weighting favors it. The production of orthodox tea is approximately equivalent to its export demand. Due to increased production as well as consumption of tea in the region, the demand for green tea would surge and this factor would augment the growth of the regional market.
The China market dominated the Asia Pacific Green Tea Market by Country in 2021; thereby, achieving a market value of $2,412 million by 2028. The Japan market is experiencing a CAGR of 7.9% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 9.2% during (2022 - 2028).
Based on Form, the market is segmented into Green Tea Bags, Instant Green Tea Mixes, and Loose Green Tea Leaves. Based on Type, the market is segmented into Flavoured and Unflavoured. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Convenience Stores/Specialty Stores, and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Green Tea Market is Projected to reach USD 22.8 Billion by 2028, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Unilever PLC (Tazo Tea), Associated British Foods PLC (Wittington Investments Limited), Tata Consumer Products Limited (Tata Group), East West Tea Company LLC (Yogi Tea), Typhoo Tea Limited (Zetland Capital), Bigelow Tea, Numi Organic Tea and Northern Tea Merchants Ltd.
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