The tea market in India was equal to 10.69 billion USD (calculated in retail prices) in 2015. Until 2025, the tea market in India is forecast to reach 21.91 billion USD (in retail prices), thus increasing at a CAGR of 6.41% per annum for the period 2020-2025.
How big is the tea market in India?
In 2020, nearly 1.10 million tons of tea was consumed in the country. The market in the country is projected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4.2%. In 2026, the tea industry in India is expected to attain 1.40 million tons.
How much is the tea industry worth in India?
As of 2019, India was the second largest tea producer in the world with production of 1,339.70 million kgs. In April 2021*, estimated tea production in India stood at 73.44 million kgs. The total tea export was US$ 755.86 million in April 2020 to March 2021 and for March 2021 it was US$ 53.35 million.
Which tea is most consumed in India?
Even though black tea is quite popular, most Indians prefer their brewed tea with milk, and sugar as a sweetener – what has now become popular as Chai Latte in cafés across the world. Tata Tea, Red Label, Lipton, Tetley and Taj Mahal were a few popular tea brands that are common in many households.
What is the current market value of tea?
The global tea market size was valued at $55,144 million in 2019, and is projected to reach $68,950 million by 2027, registering a CAGR of 6.6% from 2020 to 2027.
Where does India export tea?
Tea worth $704.36 million was exported overseas in FY21; Russia, Iran, UAE, the US and China are leading markets for export of Indian tea where flavours like Assam, Darjeeling and Nilgiri—among the finest in the world, recognised for their strong flavours and intense aromas—are popular.
Who is the largest producer of tea?
China remained the largest tea producing country with an output of 1.9 million tonnes, accounting for more than 38 percent of the world total, while production in India, the second largest producer, also increased to reach 1.2 million tonnes in 2013.
What is the rank of India in tea production?
Detailed Solution. Answer : (2) – 2nd – India is the second largest producer of the tea, producing an average of 1,325,050 tonnes each year.
Who is the largest exporter of tea in India?
The Indian state of Assam is the largest tea-growing region globally, and it is also the largest exporter of tea in India with 40% of the country’s overall tea exports. Other top tea exporting states in India include West Bengal, famous for its Darjeeling tea, and the southern states of Tamil Nadu and Kerala.
Which state produces most tea in India?
Tea production in West Bengal was approximately 25 million kilograms in March 2021, the highest to any other region in the country. Assam came second that year with close to 20 million kilograms. A total of 1.28 billion kilograms of tea was produced in the country in financial year 2021.
Which country is famous for tea?
China produces the most tea in the world. India produces 1.2 million tons of a tea, and over half of it remains in the country to be consumed by its citizens.
The World’s Top Tea-Producing Countries.
|Rank||Country||Production in Tons|
|1||China||over 2 million|
Why is tea so popular in India?
Tea is the most popular drink across the subcontinent, not only because of the culture, but it’s affordable to even the poorest. Tea is grown in India; it’s a major export from regions like Darjeeling, so locals don’t pay import fees. … And so, drinking masala chai is a part of the Indian culture at every level.
Which crop is tea?
Tea appropriately refers to infusions prepared from leaves of the tea plant, Camellia sinensis (L.) Kuntze, an evergreen flowering tree belonging to the family Theaceae, a native to the mountain regions of southwestern China and adjacent countries (Chang 1981; Chang and Bartholomew 1984; Ming and Zhang 1996).