Tea market analysis.

The scope of the global tea market was appreciated at US$ 12.63 billion in 2018. The range is projected to touch US$ 18.42 billion by 2025, growing at a CAGR of 5.5 percent for the duration of the forecast. This could be attributed to awareness regarding health benefits pertaining to tea consumption.

As such, majority of global population has started making tea intake as a routine. Besides, growing urbanized population and middle class of several developing economies is impacting the consumption of tea in its various forms. Tea production as well as consumption has always held a strong correlation. In other words, tea production is directly proportional to tea consumption. FAO (Food and Agricultural Organization of the United Nations) states that production of tea did witness a...