Posted on January 23rd, 2023.

According to a new report published by Allied Market Research, the global organic tea market was estimated at $905.4 million in 2021 and is expected to hit $2.4 billion by 2031, registering a CAGR of 10.5 percent from 2022 to 2031.

The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers and opportunities, market size and estimations, competitive landscape and evolving market trends.

By type, the green tea segment held more than two-fifths of the global organic tea market revenue in 2021, and is expected to rule the roost by 2031.

The oolong tea segment will also manifest the fastest CAGR at 11.3 percent throughout the forecast period.

Based on region, the market across Asia-Pacific generated nearly three-fifths of the global organic tea market revenue in 2021 and is anticipated to retain the lion’s share by 2031.

North America, on the other hand, will see the fastest CAGR of 12.5 percent during the forecast period.

By distribution channel, the convenience stores segment contributed to nearly half of the global organic tea market share in 2021, and is projected to retain its dominance throughout the forecast period.

The supermarkets/hypermarkets segment, however, will see the fastest CAGR of 10.8 percent during the forecast period.

By packaging, the plastic containers segment held around one-third of the global organic tea market share in 2021 and is expected to dominate by 2031. The paper boards segment will see the fastest CAGR of 11.8 percent throughout the forecast period.

Source: World Tea News