European tea bag market was valued at around $2 billion in 2018 and is further estimated to grow at a CAGR of 5.3% during the forecast period. The major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe (RoE) are significantly contributing to the growth of the tea bag market. The market in Europe is driven by growing awareness regarding the health benefits associated with tea consumption. In addition, rapid socio-economic development has taken place over the decades which leads to the rise in various chronic lifestyle diseases including cancer, heart disease and diabetes. Growing health consciousness among the population regarding chronic diseases is expected to shift the consumer preferences towards the consumption of tea, which in turn fosters the growth of the market.
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Green tea and herbal tea are widely gaining popularity in the region due to their health benefits. These include improved brain function, fat loss, a lower risk of cancer and many others. Further, growing awareness regarding tea benefits for patients suffering from cardiovascular diseases, and high blood pressure are some of the major factors increasing the demand for tea bags in the region.
Tea is one of the oldest beverages, and it is made by soaking the dried tea leaves in water. The high level of caffeine in coffee is the reason due to which people prefer tea. There are various health benefits of tea such as; tea contain antioxidants and tea can reduce the risk of heart attack and stroke. Additionally, tea lower cholesterol levels by 32%. Further, green tea contains substances called polyphenols that contribute to its activity against cancer.
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European Tea Bag Market Segmentation
By Type
- Green Tea
- Black Tea
- Oolong Tea
- Herbal Tea
Regional Analysis
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- Alkaloid AD Skopje
- Associated British Foods PLC
- Barry’s Tea
- Bettys & Taylors Group Ltd.
- Tata Global Beverages
- McLeod Russel India, Ltd.
- Nestlé S.A.
- Organic India Pvt. Ltd.
- R.Twining and Co., Ltd.
- The Republic of Tea, Inc.
- Starbucks Corp.
- The Hain Celestial Group, Inc.
- The Stash Tea Co.
- Townshend’s Tea Co.
- Unilever Group
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