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 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 CAGR of 10.02%.
