With the rising health consciousness amongst individuals, the leading tea manufacturers are focusing on the introduction of premium and healthy product variants. Besides this, they are launching organic tea formulations that target common health conditions, such as diabetes and obesity, and assist in digestion, strengthening the immune system, lowering cholesterol levels and minimizing the risk of heart attacks. These manufacturers are also coming up with new and innovative tea flavors, such as mint, lemon, orange, cranberry and pomegranate, to expand their existing consumer base. According to IMARC Group, the global tea market reached a volume of 6.4 Million Tons in 2019. Looking forward, the market is projected to experience moderate growth during the forecast period (2020-2025).
Tata Consumer Products Limited
Headquarters: Mumbai, India
Earlier known as Tata Global Beverages Limited, Tata Consumer Products Limited is engaged in the manufacturing, selling and distribution of tea, coffee and water. The company cultivates, produces, processes and blends tea in the packet, bulk or value-added forms. Its tea brands include Tata Tea Premium, Tata Tea Gold, Tata Tea Life, Tata Tea Agni, Tata Tea Chakra Gold, Tata Tea Kannan Devan and Tata Tea Gemini. Besides this, the company also cultivates coffee and related plantation crops. Tata Consumer Products Limited operates in India, Europe, Canada, Australia and the United States.
Headquarters: London, United Kingdoms
Unilever PLC/NV is one of the leading fast-moving consumer goods (FMCG) companies. The company operates in personal care products, including skincare and haircare products, deodorants and oral care products; foods, such as soups, bouillons, sauces, snacks, mayonnaise, salad dressings and margarine; home care products like powders, liquids and capsules and soap bars; and refreshment items, including ice cream and tea-based beverages. Its popular personal care brands include Axe, Dove, Lux, Rexona and Sunsilk.
Associated British Foods Plc
Headquarters: London, United Kingdom
Associated British Foods Plc is a food, ingredients and retail company. It is mainly engaged in manufacturing products, such as hot beverages, vegetable oil, balsamic vinegar, cereals, ethnic foods, bread and baked goods, sugar and sweeteners, and meat products that are sold to retail, wholesale and foodservice businesses.
Yunnan TAETEA Group
Headquarters: Guangdong Province, China
Yunnan TAETEA Group is one of the leading companies in the Chinese tea industry. The company relies on the “intangible cultural heritage” tea-making technology and constantly focuses on innovating the product mix and fermentation technology to offer tea bags, tea cakes, tea bricks, loose tea, tuo tea and tea cups.
Headquarters: Munster, Ireland
Barry’s Tea was founded by James J. Barry and the company currently holds 38% of all tea value sales in Ireland. It has 65 employees and sells tea through online channels to more than 60 countries. Moreover, it has a distribution of 75% in the Greater North Eastern Region of the United States.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global tea market, which has enabled the clients to set up and expand their businesses successfully.