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BeveragesHong Kong Tea Market 2024
$375 Add to cartThe Hong Kong tea market is anticipated to witness significant growth, with an expected uptick of USD 104.2 million, equating to a compound annual growth rate (CAGR) of about 5.5% in the coming years. Hong Kong’s tea market is defined by a mix of traditional and modern preferences. While milk tea remains a cultural icon,…
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Beverages
China Tea Market 2024
$375 Add to cartThe China tea market is expected to see a slight increase of USD 3.9 billion, translating to a compound annual growth rate (CAGR) of about 3.1% from 2024 to 2029. China dominates the global tea market, thanks to its deep cultural ties and massive domestic consumption. The rise of premium teas, such as Pu’er and oo…
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Beverages
Cambodia Tea Market 2024
$375 Add to cartThe Cambodia tea market is on track for meaningful growth, projected to register a compound annual growth rate (CAGR) of roughly 6.2% over the forecast period from 2024 to 2029. Cambodia’s tea market is growing as consumers adopt tea as a health-conscious beverage. Demand for herbal and green teas is increasing, driven by rising awaren…
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Beverages
Bangladesh Tea Market 2024
$375 Add to cartProjected for swift expansion, the Bangladesh tea market is anticipated to grow from USD 1,041.9 million in 2023 to USD 1,959.3 million by 2029, with a strong CAGR of 11.1% over the period from 2024 to 2029. In Bangladesh, the tea market is supported by its domestic tea-growing industry and high per capita tea consum…
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Beverages
Azerbaijan Tea Market 2024
$375 Add to cartThe Azerbaijan tea market is set to increase from USD 717.1 million in 2023 to USD 1,070.2 million by 2029, reflecting a CAGR of 6.9% over the 2024 to 2029 timeframe. Azerbaijan’s tea market is deeply rooted in its tea-drinking traditions, with black tea remaining a staple. Rising disposable incomes and modernization are introducing demand…
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Beverages
Global Tea Market 2024
$1,900 Add to cartProjections for the global tea market suggest a promising growth trajectory, with an anticipated rise of USD 42.0 billion and a compound annual growth rate (CAGR) nearing 6.2% over the next five years. Globally, the tea market benefits from increasing awareness of tea’s health benefits, such as its antioxidant and stress-relieving properties. The rise of fun…
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Beverages
North America Tea Market 2024
$1,400 Add to cartAn incremental growth of USD 3.1 billion is forecasted for the North America tea market, which is likely to experience a CAGR of roughly 3.8% between 2024 and 2029. In North America, the tea market thrives on a surge in demand for health-oriented beverages, including green and herbal teas. Millennials and Gen Z consumers are dr…
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Beverages
Latin America Tea Market 2024
$1,400 Add to cartThe Latin America tea market is poised for steady growth, with an expected increase of USD 2.4 billion, reflecting a compound annual growth rate (CAGR) of approximately 9% from 2024 to 2029. The tea market in Latin America is expanding as consumers embrace tea as a healthier alternative to sugary beverages. A growing middle class…
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Beverages
Asia Pacific Tea Market 2024
$1,400 Add to cartProjected growth in the Asia Pacific tea market includes an incremental increase of USD 13.9 billion, with a compound annual growth rate (CAGR) of nearly 4.8% through 2029. Asia Pacific remains a global powerhouse in the tea market, driven by its historical significance and the increasing adoption of functional teas. Rapid urbanization and growing dispos…
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Beverages
Europe Tea Market 2024
$1,400 Add to cartThe market for tea is set for moderate growth, with projections indicating an increase of USD 10.5 billion and a compound annual growth rate (CAGR) nearing 6.6% over the forecast period. In Europe, the tea market is bolstered by growing consumer interest in wellness and premiumization. The demand for organic and specialty teas, such as mat…
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Beverages
Middle East and Africa Tea Market 2024
$1,400 Add to cartExpected to register a strong growth curve, the Middle East and Africa tea market is on pace for a substantial increase of USD 12.1 billion, with a notable CAGR of 10.1% from 2024 to 2029. The tea market in the Middle East and Africa is driven by the region’s deep-rooted cultural affinity for tea consum…
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