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Vietnam Black Tea Market 2024
The Vietnam black tea market is anticipated to witness significant growth, with an expected uptick of USD 59.2 million, equating to a compound annual growth rate (CAGR) of about 6.8% in the coming years. Vietnam’s black tea market is gradually expanding, driven by the country’s increasing interest in health-conscious beverages. Traditionally, green tea has domina…
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Beverages
Uzbekistan Black Tea Market 2024
Forecasts highlight a favorable growth outlook for the Uzbekistan black tea market, with a projected increase of USD 78.6 million and a compound annual growth rate (CAGR) close to 9.3% through 2029. In Uzbekistan, black tea consumption is deeply ingrained in the culture, where tea plays a significant role in hospitality and daily life. The pr…
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Beverages
Thailand Black Tea Market 2024
The Thailand black tea market is expected to realize a modest increase of USD 1.3 million, demonstrating a CAGR of about 1.8% during the forecast period from 2024 to 2029. In Thailand, black tea consumption is rising, particularly due to the growing trend of health-conscious drinking habits. Thai consumers are increasingly turning to black tea as…
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Beverages
Taiwan Black Tea Market 2024
Projected growth in the Taiwan black tea market includes an incremental increase of USD 1.3 million, with a compound annual growth rate (CAGR) of nearly 4.7% through 2029. Taiwan’s black tea market is evolving with growing consumer interest in high-quality, premium black teas, particularly those from renowned regions like Sun Moon Lake. The Taiwanese are kn…
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Beverages
South Korea Black Tea Market 2024
The South Korea black tea market is projected to contract by USD 0.5 million by the end of 2029, indicating a compound annual growth rate (CAGR) of -1.1%. South Korea’s black tea market is anticipated to experience a downward trend as consumers increasingly shift their preferences towards green and herbal teas, driven by strong health…
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Beverages
Singapore Black Tea Market 2024
Incremental growth of USD 4.5 million is anticipated in the Singapore black tea market, which will expand at a CAGR of approximately 3.4% over the forecast period spanning 2024 to 2029. Singapore’s black tea market is influenced by the country’s diverse population and its blend of traditional tea cultures, particularly from the Chinese and Indian…
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Beverages
Philippines Black Tea Market 2024
Anticipated trends indicate that the Philippines black tea market will achieve incremental growth of USD 44.1 million, translating to a compound annual growth rate (CAGR) of around 9.2% during the forecast period of 2024 to 2029. In the Philippines, the black tea market is expanding as more consumers are drawn to the health benefits of bla…
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Beverages
Pakistan Black Tea Market 2024
The Pakistan black tea market is poised for remarkable growth, forecasted to jump from USD 1,355.0 million in 2023 to USD 2,507.1 million by 2029, reflecting a CAGR of 10.8% throughout the evaluation period. In Pakistan, black tea is a staple in daily life, and its consumption is influenced by social customs and cultural practi…
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Beverages
Malaysia Black Tea Market 2024
Expected growth in the Malaysia black tea market is projected at USD 18.1 million, reflecting a compound annual growth rate (CAGR) of approximately 4.3% during the upcoming 2024 to 2029 period. In Malaysia, black tea consumption is shaped by the country’s multicultural society, where tea is integral to daily rituals, particularly within the Indian and Ch…
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Beverages
Kazakhstan Black Tea Market 2024
The Kazakhstan black tea market is set to increase from USD 617.7 million in 2023 to USD 856.6 million by 2029, reflecting a CAGR of 5.6% over the 2024 to 2029 timeframe. Kazakhstan’s black tea market is driven by deep-rooted cultural preferences for tea, with tea drinking being an essential part of social gatherings and da…
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Beverages
Japan Black Tea Market 2024
A modest growth trajectory is forecasted for the Japan black tea market, with an expected increase of USD 24.2 million and a compound annual growth rate (CAGR) of roughly 1.1% from 2024 through 2029. Japan’s black tea market is characterized by a shift toward premium, high-quality teas, driven by a growing interest in artisanal and sp…
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Beverages
Indonesia Black Tea Market 2024
The Indonesia black tea market is expected to see a slight increase of USD 159.6 million, translating to a compound annual growth rate (CAGR) of about 4.7% from 2024 to 2029. In Indonesia, black tea consumption is driven by the country’s rich tea-producing heritage and growing middle class. As one of the world’s largest produc…