Green Tea Market Price, Industry Size, Share By Top Companies, Growth Factors, In-Depth Analysis Report 2023-2028

Published April 4, 2023

According to the latest report by IMARC Group, titled “Green Tea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global green tea market size reached US$ 15.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.  Green tea represents a beverage item having a slightly bitter taste that is prepared from the unoxidized leaves and buds of the Camellia sinensis plant. It was traditionally used as a medicine for easing digestion, regulating body temperature, improving heart and mental health, controlling bleeding, and healing wounds. Additionally, the moderate consumption of green tea can also aid in enhancing thinking skills while reducing cholesterol and triglyceride levels in the body. As a result, it is extensively utilized as a raw material in the production of beverages, dietary supplements, dental care items, and cosmetic products.

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Green Tea Market Report 2023

Industry Growth:

The inflating usage of the product, as it contains bioactive substances, such as caffeine and polyphenols, which aid in breaking down fat cells and discharging them into the circulatory system, thereby resulting in weight loss, is among the key factors stimulating the green tea market. Moreover, the increasing consumption of the item, owing to the rising consumer tendency to spend on weight management products, is acting as another significant growth-inducing factor. Besides this, the growing utilization of green tea assist in decreasing cholesterol and triglyceride levels and lowering the chances of heart attacks is positively influencing the global market. Furthermore, the widespread adoption of the product provides cavity protection, lowers the acidity of saliva, reduces the development of plaque, and prevents oral bacteria from producing tooth enamel-dissolving acids is also propelling the market growth. Apart from this, extensive R&D activities to develop novel varieties of the item, including organic and flavored versions, and the introduction of innovative packaging for the product are anticipated to fuel the green tea market over the forecasted period. 

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Competitive Landscape with Key Players:

The competitive landscape of the market has been analyzed with the key players being:

  • AMORE Pacific Corp
  • Cape Natural Tea Products
  • Celestial Seasonings
  • Finlay’s Beverages Ltd.
  • Arizona Beverage Company
  • Associated British Foods LLC
  • The Coca-Cola Company
  • Tata Global Beverages
  • Unilever
  • Metropolitan Tea Company
  • Northern Tea Merchants Ltd
  • Numi Organic Tea
  • Oishi Group Plc
  • Frontier Natural Products Co-Op
  • Hambleden Herbs
  • Hankook Tea
  • Honest Tea, Inc
  • ITO EN
  • Kirin Beverage Corp
  • Oregon Chai Inc
  • Yogi Tea

Key Market Segmentation:

Breakup by Type:

  • Green Tea Bags
  • Green Tea Instant Mixes
  • Iced Green Tea
  • Loose Leaf
  • Capsules
  • Others

Breakup by Flavour:

  • Lemon
  • Aloe Vera
  • Cinnamon
  • Vanilla
  • Wild Berry
  • Jasmin
  • Basil
  • Others

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Stores
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

  • Market Performance
  • Market Outlook 
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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