Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Green Tea Market size is expected to reach $22.8 billion by 2028, rising at a market growth of 8.1% CAGR during the forecast period.
The Loose Green Tea Leaves market would witness the highest CAGR of 8.6% during (2022 - 2028). The increasing growth of the segment is primarily owing to the fact that this is the most traditional form of green tea. Loose green tea leaves are being widely used for a very long period of time. Moreover, loose green tea leaves are affordable, therefore can be used by a majority of the population within developing as well as under-developed countries.
The Flavoured market is generating high revenue in the Global Green Tea Market by Type in 2021; thereby, achieving a market value of $15.6 billion by 2028. People's increasing demand for flavored beverages to improve their taste supports the rise in the demand for green tea with different flavors. To appeal to a broader spectrum of consumers, numerous companies have created new green tea beverages with flavors, like lemon and ginger.
The Online market is experiencing the highest CAGR of 9% during (2022 - 2028). The COVID-19 pandemic has spurred the development of numerous e-commerce platforms that sell a number of organic and healthy products, including green tea. The demand for green tea has surged as a result of in-home purchases. The digital lifestyle of consumers also contributes to the expansion of online shopping.
The Asia Pacific market dominated the Global Green Tea Market by Region in 2021; thereby, achieving a market value of $8.5 billion by 2028. The Europe market is experiencing a CAGR of 7.9% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 7.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/green-tea-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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