The global tea market is expected to grow from 2014 to 2020 due to rising demand from a growing segment of the population for different flavors of tea, according to a report by Reportlinker.
Globally, tea is the most popular and lowest cost beverage after water.
People of all ages consume it and many earn their livelihood through the production and processing of tea.
Tea consumption is gaining popularity due to the antioxidants properties of tea leaves due to which they are widely used to treat cancer, reduce risk of heart attacks, prevent arthritis, improve bone density, and control blood pressure among others.
The growing consumer demand for hot beverages such as tea and easy availability at low price is a driving factor behind the growth of global crush, curl and tear or CTC tea.
The tea market is primarily driven by the increasing consumer interest in healthy products.
People prefer to have tea not only as a refreshment beverage; it also helps to gain different health benefits.
In Asia Pacific, India and China are the major producer and consumer of tea.
They also export tea to different countries.