Global Tea Market is Expected to Reach USD 47.20 Billion by 2020; REAL BRANDS, INC Poised to Capture Growing Market.
22 Dezembro 2016 - 4:34PM
InvestorsHub NewsWire
Fort
Lauderdale, FL -- December 22, 2016 -- InvestorsHub NewsWire --
Global Tea Market is expected to reach USD 47.20 billion by 2020;
REAL BRANDS, INC poised to capture some of this market with there
increasingly popular regular TEA, PEACH TEACH, and RASBERRY TEA
Worldwide: “RLBD"
The
research study provides a detailed analysis of the global tea
market, focusing on the product segmentation, major growth drivers,
barriers, opportunities and challenges, key geographical segments,
and competitive scenario. As per the research study, in 2013, the
global tea market was worth US$38.84 billion and is projected to
reach a valuation of US$47.20 billion by the end of 2020. The
market is expected to exhibit a 2.80% CAGR between 2014 and 2020.
REAL BRANDS has seen a steady incline in there stock price since
January 1, 2016 of over 200% already, hitting highs and lows, but
continuing a steady climb.
Tea
is considered as one of the most popular beverages across the
globe. The consumption of tea is a daily practice to heighten calm
alertness. The increasing demand for these beverages is anticipated
to boost the demand for tea in the forecast period. The growing
awareness regarding the benefits of consuming tea, economic
advantages, and the presence of flavonoid antioxidant content in
tea are some of the key factors that are anticipated to cause a
surge in the growth of the global tea market throughout the
forecast period, CBD ice tea is also a new up and coming product,
in the space, that will be exploding.
In
addition, huge employment opportunities created by the global tea
market and the growing adoption of green tea in beauty and skin
treatments are estimated to fuel the growth of the market in the
near future.
The
global tea market has been classified on the basis of product type
into leaf tea and CBD tea. The leaf tea segment has been further
sub-classified into green tea, oolong tea, and black tea. In 2013,
the black tea segment held the largest share in the overall tea
market. However, the CBD tea is predicted to grow rapidly in the
coming years, thanks to the growing awareness regarding the health
benefits of consuming this tea. Also, the CBD tea market because of
possible good effects on some health conditions, could see huge
spike in demand as laws approves further delivery beyond the 28
states already approved.
By
geography, the global tea market has been categorized into Asia
Pacific, Europe, North America, and Rest of the World. In 2013,
Asia Pacific dominated the global tea market and United States is
catching up , Asia is projected to remain in its leading position
throughout the forecast period. The rapid growth of this region can
be attributed to the tremendous demand from China and India.
Moreover, the highest revenue is generated in the Asia Pacific tea
market, owing to the huge quantity of tea exported from countries
such as China, India, and Sri Lanka across the globe. On the other
hand, the North America tea market holds a comparatively smaller
share in the overall market at present.
Furthermore, the research study provides a clear
picture of the competitive landscape of the global tea market and
analyzes the major players in the market. Detailed profiles of the
major players have been included in the study, including their
contact information, business strategies, financial overview, SWOT
analysis, and recent developments, if any. Some of the prominent
players operating in the global tea market are Wissotzky Tea,
Unilever, Akbar Brothers Ltd., Twinings of London, and Tata Global
Beverages Ltd. Real Brand, Inc in Florida has entered the space and
plans rapid expansion into this space as well. Since REAL BRANDS
has the domestic and international license rights to the HillBilly
Brands , expansion worldwide is in their future.
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