LAMEA tea bag market is estimated to grow at a CAGR of 6.0% during the forecast period. Brazil is considered as one of the countries with a significant consumption and production of coffee and tea in Latin America. With the growing health and wellness concerns, the Brazilian consumers’ decisions to buy tea are based on their antioxidant and other beneficial properties, which in turn, is likely to increase consumption of green tea in the country. Further, Kenya is one of the major exporters of tea to the US. As per the United States Agency for International Development (USAID), in 2016, the US imported nearly $26 million in tea products from Kenya, which makes it the eleventh greatest importer to the US market. Kenya differentiates itself from other tea producing nations by handpicking more than 90% of its tea, which provides higher quality to their tea products.
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Kenya primarily exports black tea, which is the most preferred kind of tea in the US. As per the Agriculture and Food Authority (AFA), in November 2018, the emerging markets that recorded higher tea imports from Kenya include Bangladesh, South Africa, Nigeria, Turkey, Canada, Japan, and Germany. However, in African regions, including Kenya, Somalia, and Ethiopia, there is a growing concern of drought, which will impact the agricultural production and affects the pricing of agricultural products, which in turn, may also restrict the market growth in Kenya. Some major players of this market include Tata Global Beverages, R.Twining and Co., Ltd., The Republic of Tea, Inc., Nestle, Starbucks Corp., Unilever Group, and Associated British Foods PLC.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
LAMEA Tea Bag Market by Type
- Green Tea
- Black Tea
- Oolong Tea
- Herbal Tea
Regional Analysis
- Brazil
- Argentina
- UAE
- Kenya
- South Africa
- Nigeria
- Rest of LAMEA
Company Profiles
- Associated British Foods PLC
- Bettys & Taylors Group Ltd.
- Kenya Tea Packers (KETEPA), Ltd.
- McLeod Russel India, Ltd.
- Nestlé S.A.
- Organic India Pvt. Ltd.
- Twining and Co., Ltd.
- Starbucks Corp.
- Tata Global Beverages
- Unilever Group
The Report Covers
- Comprehensive research methodology of the LAMEA tea bag market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the LAMEA tea bag market.
- Insights about market determinants which are stimulating the LAMEA tea bag market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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