Tea Capsule Global Market To Reach Value Of About $1.5 Billion In 2025

17 Nov, 2021

The tea capsule market consists of sales of tea capsules and related services. 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.

Global Tea Capsule Market Size And Drivers:

The global tea capsule market is expected decline from $1.00 billion in 2020 to $0.99 billion in 2021 at a compound annual growth rate (CAGR) of -1%. The slow decline is mainly due to the outbreak of COVID-19 outbreak that has led to closure of offices that majorly use tea capsules. The tea capsule market is expected to reach $1.45 billion in 2025 at a CAGR of 10%. Increasing consumption of tea is predicted to boost the demand for tea capsules market over the forecast period.

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Trends In The Global Tea Capsule Market

The players engaged in the manufacturing and selling of tea capsules are adopting various strategies such as mergers & acquisitions, new product launch, and plant capacity expansion in order to maintain their position in the competitive business environment. For instance, in March 2019, Nestle’s premium capsule tea system Special.T partnered with Kusmi Tea, a Paris-based tea brand to launch a new range of jointly created tea capsules in Europe and other markets. This scenario of launching new products by the companies is anticipated to attract new customers for the tea capsules market, resulting in increased tea capsules market revenue. In March 2019, Nestle’s special T brand partnered with Kusmi Tea to create a new range of specialty tea capsules. The collaboration of two companies aimed at expanding the company’s product portfolio to serve the increasing demand for tea in the forthcoming years.

Global Tea Capsule Market Segments:
The global tea capsules market is further segmented –
By Product Type: Red Tea Capsules, Oolong Tea Capsules, Black Tea Capsules, Yellow Tea Capsules, Others
By Distribution Channel: Hypermarkets & Supermarkets, Specialty Stores, Online Stores, Convenience Stores, Others
By Application: Residential, Commercial
By Geography: The global tea capsule market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Tea Capsule Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides tea capsule market overviews, analyzes and forecasts market size and growth for the global tea capsule market, tea capsule market share, tea capsule market players, tea capsule market segments and geographies, tea capsule market’s leading competitors’ revenues, profiles and market shares. The tea capsule market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.