Oolong Tea Market Data and Resources to Grow Your Company, Industry Efforts
As per Market Research Future (MRFR), the global Oolong Tea Market
is estimated to garner a revenue of USD 410 million, with a CAGR of 4.2% from
2019 to 2024 (forecast period). The report assesses major players, including a
five-year global market evaluation that highlights market growth. The analysis
provides a forecast of market opportunities for each region over the next five
years. The report also includes a detailed overview of the impact analysis of
the Covid-19 by type, application, and regions.
Oolong tea is a type of tea that originates in China. It is a
semi-oxidized tea made from the leaves of the camellia sinensis plant. It
provides the qualities of both black tea and green tea, and thus emerges as a
beneficial functional beverage. Growth in the global market for oolong tea is
driven primarily by evolving customer preferences for healthy and functional
food and beverages and increasing health concerns. Oolong tea is also used in
several nutraceutical products due to its health benefits derived from multiple
antioxidants present in it. These include theaflavins, thearubigins and EGCG,
and the amino acid theanine.
Market Dynamics
Consumption of oolong tea helps in preventing diabetes, improve
heart health, weight management, strengthen teeth and bones, enhance neural and
brain function, relive eczema, and others. However, the market is experiencing
challenges in its growth due to the regional availability of oolong tea,
leading to a high dependence on imports on the various country-level markets.
Moreover, the lack of understanding of the benefits of oolong tea consumption
in various developing and least developed countries hinders the growth of the Oolong Tea Market.
Regional Analysis
Regionally, the global market for Oolong Tea Market has been
segmented into North America, Europe, Asia Pacific, and the rest of the world.
The Asia Pacific is projected to dominate the global market for
oolong tea over the review period due to the high production and consumption of
oolong tea in Japan, China, and India. China accounts for about one-third of
the world's tea intake.
Nevertheless, there is an increasing market for natural food
products and beverages in developing countries in North America and Europe. The
demand for oolong tea in North America is expected to post the highest CAGR
during the forecast period. Countries like Australia, France, Canada, the
United States, and Saudi Arabia are major import markets of oolong tea.
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Report @ https://www.marketresearchfuture.com/reports/oolong-tea-market-3842
The global
market for Oolong Tea
Market has been
segmented based on form, flavor, and distribution channel.
Based on
form, the global market for oolong tea market has been classified into
loose-leaf, powder, tea bag, and others.
Based on
flavor, the global market for oolong tea market has been divided into flavored
and plain.
Based on
the distribution channel, the global market for oolong tea market has been
segmented into store-based, and non-store-based. The segment for store-base is
further divided into supermarkets & hypermarkets, convenience stores, and
others.
Key
Players
Some of
the significant participants in the global oolong tea market are ESP Tea
Emporium (US), Harney & Sons (US), Hain Celestial (US), Associated British
Foods (UK), The Republic of Tea (US), Tata Global Beverages Limited (India),
Unilever (UK), The Mighty Leaf Tea Company (US), ITO EN (Japan), Ceylon Organic
Ltd (Canada), Bigelow Tea Company (US), Teas and Thes (China) Ltd (China), and
Arbor Teas (US).
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact
us:
Market
Research Future (part of Wantstats Research and Media Private
Limited),
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Hudson Street,5Th Floor, New York,
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York 10013,
United
States of America
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