Global Tea Market Size, Growth, Forecast 2024-2032

Renubresearch0105 Aug, 2024Business

The global tea market is poised for significant expansion, projected to reach USD 114.62 billion by 2032, up from USD 65.03 billion in 2023. This robust growth reflects an estimated compound annual growth rate (CAGR) of 6.9% during the forecast period. Key factors driving this expansion include rising consumer awareness of health benefits, a broader variety of tea types, and increased demand for premium and specialty teas.