Consumer Preferences Shaping the Future of the Tea Market
The global tea market, valued at US$ 20.2 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 5.9%, reaching US$ 33.9 billion by 2032. This growth is propelled by increasing health awareness and the rising popularity of herbal teas, as noted by market analysts. The consumption of tea, known for its numerous health benefits, is experiencing a significant surge. These...
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