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Tea Market Expected To Attain A Market Value Of $81.6 Billion By 2026 At A CAGR Of 5.8%


Nov 28, 2019 (Hitech News Daily via COMTEX) — According to a new report published by Allied Market Research, titled, ” Tea Market by Type, Packaging, Distribution Channel and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the tea market size was valued at $52.1 billion in 2018 and is estimated to reach $81.6 billion by 2026, registering a CAGR of 5.8% from 2019 to 2026. In 2018, the Asia-Pacific region accounted for more than half of the share in the global market and is expected to grow at a CAGR of 6.5% throughout the forecast period. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2018.

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