Tea is one of the majorly consumed beverage across the globe. The Global tea market is highly competitive in nature that will ultimately affect the tea PODs market. Tea provides number of health benefits, thus it is gaining popularity worldwide. Moreover with the addition of number of flavors the global tea pods market will grow at significant rate since it is easy to transport or distribute tea pods compared to tea. Pods are mainly manufactured from biodegradable materials which will assist in minimizing the waste produced.This growth is primarily driven by Growing Tea Consumption across the Global Market and International Trades for Tea and Tea Products.
Globally, a noticeable market trend is evident Growing Awareness about the Availability of Online Sales of Tea Products
. Major Vendors, such as Bigelow Tea Company (United States), The Cornish Tea Company Ltd. (United States), Jacobs Douwe Egberts (JDE) (Netherlands), Keurig Dr Pepper, Inc. (United States), Mother Parkers Tea & Coffee (MPTC) (Canada), Nestle (Switzerland), Red Diamond (United States), Reily Foods Company (RFC), Starbucks Corporation (United States) and Tata Global Beverages (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On October 25th, 2018, Jacobs Douwe Egberts (JDE) has announced that it will be acquiring a dedicated out of home coffee business, head quartered in Sweden “JOBMeal” for Sweden and Finland market. The agreement was subject to formal approval by local regulatory authorities which was completed recently and has green-signaled JDE to proceed further.
On August 21st, 2018, global tea pods as well as other tea product provider “Bigelow Tea Company” has introduced Ginger root as well as Turmeric Flavors which are one of the beneficial cooking ingredients with magnificent color, anti-inflammatory properties and ability to aid digestion. Addition of these flavors to the United States market has generated significant awareness in the respective population.
- Growing Tea Consumption across the Global Market
- International Trades for Tea and Tea Products
- Growing Awareness about the Availability of Online Sales of Tea Products
- Introduction to Number of Flavored Tea Pods
- Tea Plantation is Vulnerable to Adverse Weather Conditions in Island Nations
- Volatile Raw Material Prices in Manufacturing Tea Pods
Increasing Automations as well as Increased Productivity of Tea Yields across the Globe and Environment Friendly Biodegradable Pod Papers will Reflect Positive Impact on the Existing Market
Continuously Changing Consumer Preferences across the Globe leading to Demand Fluctuations and Availability of Threat of Substitutes
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