The Tea Pods Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2025. The Tea Pods market report is a valuable source of data for business strategists. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). The report explores the current outlook in global and key regions from the perspective of players, countries, product types, and end industries. This Tea Pods Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
Top Companies in the Global Tea Pods Market
Unilever N.V. (NYSE: UN); Bigelow Tea; Nestlé S.A. (OTCMKTS: NSRGY); Keurig Green Mountain; Cornish Tea, among others.
The global tea pods market is expected to grow from $4.63 billion in 2019 and to $4.72 billion in 2020 at a growth rate of 1.99%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $6.29 billion in 2023 at a CAGR of 10.02%.
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The tea pods market consists of sales of tea pods and related services. Tea pods are small, sealed filter pouches with tea, like a teabag. The tea pods are a convenient way for consuming tea, and are available in various flavors such as Indian Spice Chai, Lemon Zinger, Mandarin Orange Spice, and Snapple Diet Peached Iced Tea. The popular tea pods available in the market are K-Cups, Gourmet tea pods, and paper tea pods.
The global tea pods market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, and Middle East & Africa. North America was the largest region in the tea pods market in 2019.
The availability of different types of flavored tea is emerging as a major trend that is shaping the growth of the tea pods market. Major players dealing in the tea pods market are now focusing on new flavors and introducing products according to consumers’ tastes and preferences. For instance, in January 2019, Coca-Cola Brazil launched a new range of yerba mate pods under its Leao Brand. Leao is a pioneer brand in Brazil’s tea market. Thus, the launch of new flavored tea by the players dealing in the tea pods market is anticipated to be a major trend in the tea pods market.
The increasing price of tea limits the growth of the tea pods market. The increasing price of tea is expected to have an adverse effect on the price of tea pods because tea is a raw material for tea pods, therefore an increase in the price of raw material tends to increase the price of finished goods. According to Trade Economics, the price of tea increased to $2.61 per kg in December 2019, up from $2.48 per kg in December 2018. Therefore, increasing-price of tea coupled with the rising price of tea pods is projected to restraint the growth of the market over the forecast period.
Increasing tea consumption across the globe is expected to drive the growth for tea pods market during the period. According to the Food and Agriculture Organization of the United Nations report published in May 2018, global tea consumption is predicted to rise over the next decade, driven by the robust demand from emerging countries including China and India. The production of black tea is anticipated to rise by 2.2% annually, over the next decade to reach 4.4 million tons by the end of 2027. This scenario is likely to generate higher demand for tea, which in turn, is expected to have a positive impact on the growth of the tea pods market in the near future.
The Tea Pods market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Tea Pods Market based on Types are:
Soft Tea Pods; Hard Tea Pods
Based on Application, the Global Tea Pods Market is Segmented into:
Supermarkets and Hypermarkets; Independent Retailers; Convenience Stores; Specialist Retailers
Regions Are covered By Tea Pods Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canad, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
The report has 150 tables and figures browse the report description and TOC
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Tea Pods Market
-Changing Tea Pods market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Tea Pods market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Tea Pods Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
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All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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