Tea is certainly a big revenue driver in the hot beverages industry.
With the global tea market expected to grow by 6.9% each year until 2023, there is a huge demand from consumers which is only set to soar.
With tea in such high demand, we’ve gathered the latest insights to keep you up to date on key trends and opportunities to increase revenue.
Just how big is the tea market globally?
Tea dominates the global market in popularity, revenue, growth, and emerging trends, with the global tea industry worth $214,761 million. And if we zero-in on the UK, it’s no secret that us Brits delight in a cup of tea, with 100 million cups consumed every day. What’s more, the UK has the largest European market share, amounting to 133 thousand tonnes of tea.