The Latin America, Middle East and Africa Green Tea Market would witness market growth of 9.9% CAGR during the forecast period (2022-2028).
The rising trend of on-the-go nutrition and proper hydration has substantially raised consumer demand for functional beverages. Green tea includes a high concentration of an antioxidant that slows the aging of cells and tissues and improves regular body function. The expansion of the market is fueled by the rising demand for nutrient-enriched drinks to minimize the risk of certain health issues.
Increasing research and innovation initiatives to create unique tea kinds, such as those that are organic, naturally flavored, pure, and eco-friendly, also help the industry. In the coming years, technological advancements in the creation of new tea packaging are anticipated to stimulate market expansion. The growing awareness of the health benefits and the increasing emphasis of consumers on maintaining a healthy lifestyle are among the key factors that are anticipated to drive the market's expansion in the coming years.
In addition, the astronomically increasing prevalence of obesity and cardiovascular illness is projected to increase the demand for green tea all over the world. As green tea is considered to diminish the effects of LDL cholesterol and cancer cells, and to alleviate head and body aches, it is widely consumed. Additionally, green tea contributes greatly to fat loss. It is anticipated that these factors will contribute to the expansion of the market in the coming years.
In this region, the production and sale of tea are vast. According to the African Growth and Opportunity Act, Kenya exported over 26 million dollars worth of tea in 2016. The primary element encouraging the manufacture of green tea in this region is the vast quantity of teas grown here. Additionally, as the region grows more industrialized, more people will be able to convert to nutritionally superior beverages instead of dangerous ones. Due to the fact that green tea greatly aids in combating obesity, its consumption would increase in the region. As a result of the rising obesity prevalence in UAE and the government's aggressive attempts to combat it, it is anticipated that the regional green tea market would witness robust expansion.
The Brazil market dominated the LAMEA Green Tea Market by Country in 2021; thereby, achieving a market value of $372.1 million by 2028. The Argentina market is obtained to grow at CAGR of 10.5% during (2022 - 2028). Additionally, The UAE market would experience a CAGR of 9.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Green Tea Market is Predict to reach $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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