Tea Capsule Global Market Sees Growth Rate Of 13% Through 2022

The global tea capsule market size is expected to grow from $1.33 billion in 2021 to $1.49 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The tea capsules market is expected to grow to $2.41 billion in 2026 at a CAGR of 12.7%.

What is the Global Tea Capsule Market?

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.

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What drives the Global Tea Capsule Market?

Increasing consumption of tea is predicted to boost the demand for tea capsules market over the forecast period. According to the International Institute of Sustainable Development (IISD), tea has become the second most popular beverage, with 3 billion cups consumed every day across the globe. According to a World Atlas report published in September 2020, China produces more than 2 million tonnes of tea, making it the world's leading manufacturer of tea, and India ranks second on the list at a tea production rate of 1.2 million tonnes. Furthermore, according to the Global Dubai Tea Forum, per capita consumption of tea is projected to increase to 37.7 litres by the end of 2021. The growing per capita consumption is likely to propel the demand for tea capsules in the near future.

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Global Tea Capsule Market Segments
The global tea capsule market is segmented:
By Product Type: Red Tea Capsules, Oolong Tea Capsules, Black Tea Capsules, Yellow Tea Capsules, Others
By Distribution Channel: Hypermarkets and Supermarkets, Specialty Stores, Online Stores, Convenience Stores, Others
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.

Tea Capsule Global Market Report 2022provides market size and growth forecasts for the global tea capsule market, global tea capsule market share, tea capsule market segments and geographies, tea capsule market competitive landscape including 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.

Global Tea Capsule Industry Playersinclude Dualit Limited, Teespresso, Nestle Nespresso, Lipton, Corsini, Bonini S.r.l., and Red Espresso. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.