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Showing posts with the label Is the tea market growing

Tea Market: New Product Launches to Strengthen Beverage Wellness

There has been a significant surge in the popularity of tea over the past couple of decades as it is extensively consumed as a healthy beverage due to the presence of a number of potent antioxidants, and minerals such as potassium, manganese, magnesium, and calcium. Thus, regular consumption of tea helps in not only reducing cell damage due to free radicals but also lowering cholesterol levels. It further facilitates the weight loss. Increase in the disposable income, rise in health awareness among individuals, increase in the number of tea drinkers, and surge in the number of health-conscious people across the globe are expected to drive the growth of the global tea market. Moreover, the growth in demand for herbal tea and introduction of new flavours and variety of tea are expected to create remarkable opportunities for the growth of the tea market. According to the report published by Allied Market Research, the global tea market is expected to reach $68.95 billion, registering a C