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BeveragesSri Lanka Tea Market 2024
$375 Add to cartThe Sri Lanka tea sector is poised for a dynamic growth phase, anticipating an increase of USD 65.6 million and a compound annual growth rate (CAGR) of approximately 5.3% from 2024 to 2029. Sri Lanka’s tea market is dominated by its robust domestic tea production and global reputation for high-quality Ceylon tea. Rising international demand…
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Beverages
South Korea Tea Market 2024
$375 Add to cartThe South Korea tea market is poised for gradual expansion, anticipated to grow by USD 50.2 million with a compound annual growth rate (CAGR) of around 2.7% throughout the 2024 to 2029 forecast period. South Korea’s tea market is propelled by a deep cultural connection to green tea and increasing interest in wellness-oriented beverages. Specia…
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Beverages
Singapore Tea Market 2024
$375 Add to cartThe outlook for the Singapore tea market indicates a modest growth of USD 26.4 million, with an expected compound annual growth rate (CAGR) of approximately 4.3% over the next five years. Singapore’s tea market is shaped by its cosmopolitan population and preference for premium beverages. Health-conscious consumers are driving demand for organic and functional teas,…
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Beverages
Philippines Tea Market 2024
$375 Add to cartForecasts highlight a favorable growth outlook for the Philippines tea market, with a projected increase of USD 171.9 million and a compound annual growth rate (CAGR) close to 9.6% through 2029. The Philippines’ tea market is experiencing growth due to rising consumer awareness of tea’s health benefits, particularly green and herbal teas. The expansion of bub…
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Beverages
Pakistan Tea Market 2024
$375 Add to cartDriven by strong market fundamentals, the Pakistan tea market is expected to achieve rapid growth, adding USD 1.7 billion in value and delivering a CAGR of approximately 11.2% through the forecast period. Pakistan’s tea market is primarily driven by its status as one of the largest consumers of black tea globally, with chai being a cult…
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Beverages
Myanmar Tea Market 2024
$375 Add to cartInsights reveal that the Myanmar tea market is set for a healthy expansion, with an anticipated growth of USD 11.7 million, corresponding to a compound annual growth rate (CAGR) of nearly 8.6% from 2024 to 2029. Myanmar’s tea market thrives on its cultural affinity for tea, with fermented tea leaves remaining a unique aspect of loc…
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Beverages
Malaysia Tea Market 2024
$375 Add to cartThe Malaysia tea market is expected to experience robust growth, with a projected increase of USD 112.0 million and a compound annual growth rate (CAGR) of approximately 6.8% throughout the forecast period. Malaysia’s tea market is defined by its traditional love for teh tarik and growing interest in modern tea formats. Rising health awareness has dr…
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Beverages
Laos Tea Market 2024
$375 Add to cartProjections for the Laos tea market suggest a promising growth trajectory, with an anticipated rise of USD 14.2 million and a compound annual growth rate (CAGR) nearing 7.4% over the next five years. Laos’ tea market benefits from its domestic tea production and increasing awareness of tea’s health benefits. Green and herbal teas are becomi…
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Beverages
Kazakhstan Tea Market 2024
$375 Add to cartForecasted to grow at a moderate pace, the Kazakhstan tea market size is expected to reach USD 1,233.6 million by 2029, up from USD 831.3 million in 2023, resulting in a CAGR of 6.8%. Kazakhstan’s tea market is fueled by its strong cultural preference for black tea, which accounts for the majority of consumption. Rising…
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Beverages
Japan Tea Market 2024
$375 Add to cartThe latest estimates indicate that the Japan tea market is expected to experience modest growth, with an incremental increase of USD 0.3 billion. This growth is projected to occur at a compound annual growth rate (CAGR) of approximately 1.2% during the forecast period from 2024 to 2029. Japan’s tea market is synonymous with green tea, w…
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Beverages
Indonesia Tea Market 2024
$375 Add to cartExpected to experience modest expansion, the Indonesia tea market size is forecasted to increase from USD 1,413.3 million in 2023 to USD 1,851.1 million by 2029, achieving a CAGR of 4.6% over the evaluation period. Indonesia’s tea market is buoyed by its extensive domestic production and a growing middle class. Specialty teas, including jasmine and he…
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Beverages
India Tea Market 2024
$375 Add to cartThe market for tea is set for moderate growth, with projections indicating an increase of USD 3.0 billion and a compound annual growth rate (CAGR) nearing 7.3% over the forecast period. India’s tea market thrives on its vast domestic consumption, with black tea accounting for a significant share. Increasing urbanization and disposable incomes have driven…
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