What Is The Current and Historic Market Size Analysis Of The Tea Pods Market?
The tea pods market has seen considerable growth due to a variety of factors.
• In recent times, the market size for tea pods has seen robust growth. It is projected to increase from $6.49 billion in 2024 to $6.83 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%.
Factors contributing to the growth during the historical period include convenience, health consciousness, environmental concerns, as well as marketing and branding strategies.
What Is The Forecast For The Tea Pods Market Size?
The tea pods market is expected to maintain its strong growth trajectory in upcoming years.
• In the impending years, the market size for tea pods is projected to experience consistent growth. The market value will increase to $8.09 billion in 2029, with a compound annual growth rate (CAGR) of 4.3%.
This growth during the prediction period can be credited to factors such as sustainability, health and wellness, and emerging markets. The forecast period will be characterized by key trends like a variety of flavors, customizability, intelligent technology, and wellness and functional teas.
What Are The Essential Drivers Behind The Growth Of The Tea Pods Market?
The anticipated increase in global tea consumption is predicted to stimulate the growth of the tea pods market in the upcoming years. As stated by the Tea Association of the USA Inc., more than 159 million Americans consume tea on any given day. For example, Americans drank over 84 billion servings of tea in July 2022, equating to upwards of 3.8 billion gallons. Roughly 84% of this consumption consisted of black tea, 15% was green tea, and the remaining amount included oolong, white, and dark tea. It's expected that the production of black tea will experience an annual increase of 2.2% over the next ten years, eventually reaching 4.4 million tons by 2027. Such a trend indicates a potential surge in demand for tea, which is likely to positively influence the growth of the tea pods market in the foreseeable future.
How Is The Global Tea Pods Market Divided Into Key Segments?
The tea pods market covered in this report is segmented –
1) By Type: Soft Tea Pods, Hard Tea Pods
2) By Tea Type: Green Tea, Black Tea, Herbal Tea, Other Tea Types
3) By Channel: Super markets And Hyper markets, Independent Retailers, Convenience Stores, Specialist Retailers
Subsegments:
1) By Soft Tea Pods: Loose Leaf Tea Pods, Organic Soft Tea Pods, Herbal Soft Tea Pods
2) By Hard Tea Pods: Black Tea Pods, Green Tea Pods, Flavored Tea Pods
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What Emerging Trends Are Influencing The Growth Of The Tea Pods Market?
The proliferation of diverse types of flavoured tea is turning into a significant trend impacting the growth of the tea pods market. Key players in the tea pods market are putting their focus on fresh flavours and rolling out products that align with consumer tastes and choices. Seven Spring, a tea brand established in India, in January 2023, unveiled tea bag sachets that are 100% compostable. These were created with a sustainable future in mind, manufactured solely from plant-based materials. They disintegrate in water or soil, hence, not causing any plastic pollution. Dedicated to environmentally friendly practices, the packaging from Seven Spring considerably curbs carbon emissions and the usage of single-use plastics. The brand emblemizes this commitment to environmental stewardship through these sachets.
Who Are the Key Players In The Tea Pods Market?
Major companies operating in the tea pods market include:
• Unilever plc
• Bigelow Tea Co
• Nestle SA
• Keurig Dr Pepper Inc.
• Cornish Tea & Cornish Coffee Ltd
• Tata Global Beverages Ltd.
• Red Diamond Inc.
• TEEKANNE GMBH & CO. KG
• The Republic of Tea Inc.
• Jacobs Douwe Egberts
• Mother Parkers Tea & Coffee Inc.
• Starbucks Corporation
• Reily Foods Company (RFC)
• Sidsam Group
• VitaCup Inc.
• Celestial Seasonings Inc.
• R Twining and Company Limited
• Tazo Tea Co
• Lipton Teas and Infusions
• Harney & Sons Fine Teas
• Mighty Leaf Tea
• Numi Inc.
• Yogi Tea
• Stash Tea Co
• Traditional Medicinals & WorldPantry.com LLC
• Rishi Tea & Botanicals
• Zhena's Gypsy Tea
• The Tea Spot Inc.
• Two Leaves and a Bud
• Davidson's Organic Tea
What Are The Regional Insights Into The Tea Pods Market?
Asia-Pacific was the largest region in the tea pods market in 2023. Western Europe was the second-largest region in the tea pods market. The regions covered in the tea pods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
