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Global Black Tea Market Size, Share, Trends & Forecast 2019-2025

Global Black Tea Market Size, Share, Trends & Forecast 2019-2025

Submitted by • February 24, 2020 www.omrglobal.com

The global black tea market is forecast to reach $41.1 billion in 2025 from $28.4 billion in 2018 at a CAGR of 5.4% during the forecast period. Black tea is mainly consumed in Asia-Pacific countries such as India, China and so on. Moreover, in the US, around 85% of the total consumption in the US is black tea. Developed economies, such as in the US, shifting trend of consumers towards premiumization and branded on-the-go beverages have augmented the black tea market. the global production of tea is estimated to grow at around 4.9% on a year-on-year (YoY) basis to reach 8.52 million tons in 2025. According to the Food and Agriculture Organization (FAO), global tea production is dominated by only a handful of countries such as China, India, Kenya, Sri-Lanka, and Turkey. China led the global production volume with more than 40% production capacity, while India stood at second place to contribute around 22% in the global tea production.

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