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Organic Tea Market Forecast: US$2.69 Billion by 2033
The organic tea market is expected to grow at 8.0% CAGR in next ten-year period. The market was expected to generate US$ 1.24 billion in revenue in 2023, with a value of US$ 2.69 billion by 2033.
With a rising awareness of the potential health benefits and environmental advantages of organic tea, the market is expanding to meet the growing demand for premium and ethically sourced tea products as follows:
ØRising demand for organic products, as well as an increase in the consumption of organic beverages such as matcha, herbal tea, and organic tea.
ØHigher consumption of organic back tea in India and organic and herbal tea in China.
ØThe growing popularity of herbal, green, and organic tea for weight loss, and anti-cancer properties.
ØThe United States market leads the organic tea market in terms of market share in North America.
ØUnited Kingdom’s organic tea market is another significant market in the European region.
Source: Future Market Insights (Extracts), Courtesy: Tea Exporters’ Association Sri Lanka
About F&W
Forbes & Walker was set up in 1881 as a partnership between James Forbes and Chapmen Walker. Although there is no actual record of the date on which it was established the very first cash book, still in the possession of the Finance Director, indicates the brokerages were earned from 1st August 1881. In Sir Thomas Villiers' book “Mercantile Lore” the date of establishment of Forbes & Walker has been put down Read More...