Latin America Tea Market Research Report – Segmented By Type (Green Tea, Black Tea, Fruit/Herbal Tea And Others), Packaging (Plastic Containers, Loose Tea, Paper Boards, Aluminium Tin, Tea Bags), Distribution Channel (Supermarkets, Speciality Stores, Convenience Stores, Online Stores And Others), And Country (Brazil, Mexico, Argentina, Chile And Rest Of Latin America) - Industry Analysis On Size, Share, Trends, Covid-19 Impact & Growth Forecast (2024 To 2032)
Latin America Tea Market Size (2024 to 2032)
The size of the Latin America tea market is expected to be worth USD 1.05 billion in 2024 and grow at a CAGR of 5.86% from 2024 to 2032 to achieve USD 1.66 billion by 2032.
Tea is globally the most popular beverage obtained from Camellia sinensis plant leaves. It offers various health benefits owing to presence of polyphenols working as antioxidants, vitamins, trace minerals, and different amino acids resulting in stronger immunity, lower cholesterol, increased metabolism, prevention of cancer, and more. In addition, presence of small amount of caffeine makes tea a mild stimulant preventing fatigue.
The tea market is majorly driven by the health benefits associated with consuming tea and increase in awareness related to carbonated drinks among people. Moreover, the rise in disposable income, changes in the tastes of people, and the introduction of additional healthy ingredients in tea by different market players are the other factors that fuel the market growth. However, an increase in the cost of raw materials due to unpredictable weather, a rise in the cost of agricultural inputs, and an increase in the trend of out-of-home coffee consumption are expected to limit the growth of the tea market.
This research report on the Latin America Tea Market is segmented and sub-segmented into the following categories.
Latin America Tea Market By Type
- Green tea
- Black tea
- Fruit/Herbal tea
- Others
The green tea market is the most lucrative segment of the global tea market, possessing high market potential for investment, owing to the rise in demand and increase in awareness regarding the health benefits offered by it.
Latin America Tea Market By Packaging
- Plastic Containers
- Loose Tea
- Paper Boards
- Aluminum Tin
- Tea Bags
Latin America Tea Market By Distribution Channel
- Supermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Latin America Tea Market By Region
- Brazil
- Mexico
- Argentina
- Chile
- Rest of Latin America
KEY MARKET PLAYERS
Major Key Players in the Latin America Tea Market are Tata Global Beverages, Unilever, Associated British Foods Plc, TAETEA, Nestle, Barry's Tea, Apeejay Surrendra Group, Bettys & Taylors Group Ltd, McLeod Russel, and ITO EN In
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