Global Tea Capsule Market Drivers 2024, Forecast To 2033
19 Jan, 2024
The tea capsule market has seen rapid growth, surging from $1.28 billion in 2023 to $1.51 billion in 2024, marking a 17.4% CAGR. The historic upswing is attributed to convenience, portability, sustainability, and e-commerce expansion. Anticipating further momentum, the market is expected to reach $2.61 billion in 2028, with a 14.7% CAGR. This growth is fueled by health and wellness trends, along with the burgeoning realms of digital marketing and e-commerce. Key trends include premiumization, innovation, product diversification, customization, eco-friendly packaging, and technological advancements.
Global Tea Capsule Market Key Driver
The anticipated rise in tea consumption globally is set to propel tea capsule demand. Tea, now the second most consumed beverage with 3 billion daily cups worldwide, is projected to increase per capita consumption to 37.7 liters by the end of 2021, as per the Global Dubai Tea Forum. This heightened consumption trend is expected to fuel the demand for tea capsules shortly.
Get A Free Sample Of The Global Tea Capsule Market ReportGlobal Tea Capsule Market Segments
The tea capsule market covered in this report is segmented –
1) By Product Type: Red Tea Capsules, Oolong Tea Capsules, Black Tea Capsules, Yellow Tea Capsules, Other Product Types
2) By Distribution Channel: Hypermarkets & Supermarkets, Specialty Stores, Online Stroes, Convenience Stores, Other Distribution Channels
3) By Application: Residential, Commercial
By Geography: The regions covered in the tea capsule market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the tea capsules market in 2023. Western Europe was the second-largest region in the tea capsules market. The regions covered in the tea capsule market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Tea Capsule Industry Players
Dualit Limited, Teespresso, Nestle Nespresso, Lipton, Corsini, Bonini S.r.l., Red Espresso USA, Tazo Tea Company, Harney & Sons Fine Teas, Celestial Seasonings, Keurig Dr Pepper Inc., Tassimo, Teavana Corporation, Caffitaly System SpA, Illycaffè SpA, Gourmesso, Ethical Bean Coffee, Gloria Jean's Coffees, Café Escapes, Solimo, Grove Square, SOUL&SOUL, The Republic of Tea, Grenera Nutrients Pvt Ltd., Bonhomiaworld, Herbadiet, Raab Vitalfood GmbH, Lamie Wellness LLC, Puro Fairtrade Coffee, Segafredo Zanetti Coffee System SpA
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Tea Capsule Market Overview
Tea capsules are encapsulated tea leaves that contain ingredients similar to an ordinary cup of tea. Tea capsules offer convenience and comfort when making tea at home, in public places, or even when traveling.
Tea Capsule Global Market Report 2023 provides data on the global tea capsule market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The tea capsule market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.