Assessment of the Indian Tea Industry 2018; the Highest Production Year to Date - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 4, 2018--The “Assessment of the Indian Tea Industry 2018” report has been added to ResearchAndMarkets.com’s offering.
As of 2016, globally, per capita consumption of tea is highest in Turkey, followed by Ireland, the United Kingdom, Russia and Morocco.
Asia Pacific is the highest tea producer and is forecasted to reach a market value of approximately USD 29 billion by 2020. India is one of the key producers and consumers of tea globally. In FY 2018 the Indian tea industry has recorded the highest production till date.
The total tea production this year stood at 1,325.05 million kgs, a growth of 74.56 million kgs (6%) year-on-year. In FY 2018, the industry also witnessed the highest exports till date. Total tea exports this year stood at 256.57 million kgs, an increase of 12.71% year-on-year.
With the changing consumption patterns and affinity of the evolving Indian consumer, the industry has a very positive outlook. Players in the sector are working towards innovation in their product and marketing efforts to be able to take Indian tea to new standards in the country and across the world.
Key Topics Covered1. Analyst Opinion 2. Global Tea Market 3. India Tea Market 4. Competitive Landscape 5. List of Charts & Graphs 6. Research Methodology Companies FeaturedAssociated British FoodsDuncans IndustriesGujarat Tea Processors & PackersHindustan Unilever LimitedTata Global Beverages
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KEYWORD: ASIA PACIFIC INDIA
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/04/2018 10:11 AM/DISC: 12/04/2018 10:11 AM