Smart Research Insights
Tea is the most widespread beverage across the world, adored by all age groups. Tea contains antioxidants which prevents diseases and promotes good health. The global tea market is divided into four major geographies- Asia Pacific, Europe, North America and Rest of the World. As of 2016, globally, per capita consumption of tea is highest in Turkey, followed by Ireland, the United Kingdom, Russia and Morocco.
Asia Pacific region is the highest tea producer and is forecasted to reach a market value of approximately USD 29 billion by 2020. India is one of the key producers and consumers of tea globally. In 2016, approximately 216.79 million kg tea was exported from India. It is projected that Indian tea exports will grow to 260 million kg amounting to USD 756 million by 2019-2020.
In the year 2015-2016, India witnessed increase in tea production by 3% year-on-year. While Assam generated 652.95 million kgs of tea, an increase of 7.61% from 2014-2015, West Bengal witnessed 1.68% rise in production year-on-year. On the other hand Tamil Nadu experienced a drop in production by 3.54% year-on-year due to severe drought. Keralas drop in production by 15.73% was due to erratic weather conditions and labour unrest.
Why should the report be purchased?
The report Assessment of the Indian Tea Industry 2017 highlights key dynamics ofIndias footwear market market. The growing opportunity in the sector has been investigated along with the market drivers.The initiatives and performance of key playersincluding Tata Global Beverages, Gujarat Tea Processors & Packers, Hindustan Unilever Limited, Associated British Foods and Duncans Industries Ltd has been examined. The current market scenario has also been studied. The report contains latest industry leaders opinion.
Research methodology and delivery time
Smart Research Insights has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
The report is available as single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available. The dispatch time for hard copies is approximately 4 business days, as each hard copy is custom printed for the client.