Tea Subscription Market
Tea Subscription Market Analysis by Tea Type (Organic, Vegan), by Subscription Type (Biweekly, Monthly, Quarterly, Half Yearly, Annually) and by Region - Global Market Insights 2023 to 2033
Analysis of Tea Subscription Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Tea Subscription Market Outlook (2023 to 2033)
Newly-released tea subscription market analysis report by Fact.MR reveals that global sales of the tea subscription market in 2022 were held at US$ 208 million. With 8.6% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 531 million by the end of the forecast period.
Organic tea subscription is expected to be the significant revenue-generating type in the market and is projected to grow at a CAGR of over 8.3% from 2023 to 2033.
| Attributes | Details |
|---|---|
|
Global Tea Subscription Market Size 2022 |
US$ 208 million |
|
Global Tea Subscription Market Size at End of Forecast (2033) |
US$ 531 million |
|
Global Tea Subscription Market CAGR (2023 to 2033) |
8.6% |
|
U.S. Tea Subscription Market CAGR (2023 to 2033) |
7.4% |
|
Key Companies Covered |
|
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Revenue of Tea Subscription Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033
As per the research of the tea subscription market by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 12.5% CAGR. With an absolute dollar opportunity of US$ 298 million, the market is projected to reach a valuation of US$ 531 million by 2033.
Which Drivers are Influencing the Market Expansion?
Tea subscription is a service offered by various tea companies and retailers that allows customers to sign up for recurring delivery of tea products. Typically, customers choose a subscription plan and receive regular shipments of various types of tea, such as loose-leaf tea, tea bags, or a combination of both. Tea subscription services often offer a range of teas to choose from, including traditional teas, herbal teas, and specialty blends.
According to research, in 2020, global organic tea sales were over US$ 1.2 billion and are expected to grow at a CAGR of 8.5% during the forecast period. It continued to grow due to COVID-19, as more people turned to natural and healthy beverages. Increasing consumer awareness about the health and environmental benefits of organic products is driving the growth of the organic tea market. Tea subscription services offer discounted prices compared to traditional retail stores.
In 2020, the global consumption of tea was about 6.3 billion kilograms which increased to 6.6 billion kilograms in 2021. Turkey was the largest tea-consuming country globally, with a per capita tea consumption of approximately 7 pounds per year. There has been a significant increase in demand for tea in recent years which influences the growth of the tea market.
As consumers become more environmentally conscious, they are looking for sustainable and eco-friendly products. Many tea subscription services offer organic and ethically sourced tea in eco-friendly packaging. The increase in consumption of tea as a morning beverage drives the market growth.
Region-Wise Analysis
Which Region is Projected to Offer Significant Growth in the Market?
North America is a prominent shareholder in the market with a market size of US$ 80.4 million in 2022. It is projected that the region will have a market worth US$ 205.4 million by 2033.
In 2020, tea sales in Canada were around USD 404.5 million and it is expected to grow at a CAGR of 4.8% during the forecast period. The volume of tea consumed in Canada amounted to about 8.63 billion tea bags or 77.3 thousand metric tons in 2020. Black tea is the most popular type of tea consumed in Canada.
As more consumers become health-conscious; they are looking for ways to incorporate tea into their daily routine. Subscription services that offer a range of high-quality, organic, and functional teas are gaining popularity. The increasing consumption of tea in daily routine increases the demand for tea which has been leading to market growth.
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Country-Wise Analysis
United States Tea Subscription Market Analysis :
The market in the U.S. is expected to grow to be worth US$ 160.3 million by 2033, with an absolute dollar growth of US$ 82 million from 2023 to 2033. The market in the United States has grown at a CAGR of 10.9% from 2018 to 2022 and is expected to grow at a CAGR of 7.4% from 2023 to 2033.
According to the Tea Association of the USA, the tea industry in the United States has been growing steadily over the past few years. In 2020, the total sales of tea in the United States were valued at around US$ 13 billion, up from US$ 12 billion in 2019. Over 159 million Americans drink tea, which translates to roughly half of the US population. With the growing need for tea for relaxation and reduced anxiety, many peoples consume tea in their daily routines. The market in the United States is expected to continue growing in the coming years, with increasing demand for convenience and personalized products.
United Kingdom Tea Subscription Market Analysis :
The market in the United Kingdom is expected to grow to be worth US$ 27.4 million by 2033, with an absolute dollar growth of US$ 14.4 million. The market in the country has grown at a CAGR of 11.2% from 2018 to 2022 and is expected to grow at a CAGR of 7.7% from 2023 to 2033.
In the United Kingdom, tea subscription services have also become increasingly popular in recent years. In 2019, UK tea subscription sales were valued at around US$ 2.2 million. According to a survey by the Tea and Herbal Association of Canada, around 100,000 users subscribe to tea services in the United Kingdom. The popularity of tea subscription services in the UK is driven by convenience, variety, and cost-effectiveness.
China Tea Subscription Market Analysis :
In China, the market is expected to grow to be worth US$ 45.8 million with an absolute dollar growth of US$ 27.5 million till 2033. The market in China has grown at a CAGR of 14% from 2018 to 2022 and is expected to grow at a CAGR of 9.6% from 2023 to 2033.
China is the world's largest producer and consumer of tea. According to data from the International Tea Committee, in 2020 China consumed over 2.8 million metric tons of tea, accounting for around 39% of the world's total tea consumption. The average person in China consumed around 1.6 kilograms of tea in the same year. Tea subscription services often offer discounts or exclusive teas to subscribers and are a convenient way for customers to ensure that they always have a supply of their favorite tea on hand. The increasing consumption of teas in China is expected to drive market growth in the upcoming years.
Japan Tea Subscription Market Analysis :
In Japan, the market is expected to grow to be worth US$ 38.7 million with an absolute dollar growth of US$ 20.8 million. The market in Japan has grown at a CAGR of 11.7% from 2018 to 2022 and is expected to grow at a CAGR of 8% from 2023 to 2033.
In 2020, the total sales of tea in Japan were valued at around 9.6 billion and the per capita consumption volume of tea in Japan was about 0.27 kilograms per person. Increasing consumption of teas and availability of organic teas in the market drives market growth.
South Korea Tea Subscription Market Analysis :
The market in South Korea is expected to grow to be worth US$ 21.6 million by 2033, with an absolute dollar growth of US$ 12.5 million. The market in South Korea has grown at a CAGR of 13.2% from 2018 to 2022 and is expected to grow at a CAGR of 9% from 2023 to 2033.
In 2021, the revenue from tea sales in South Korea was around US$1.8 billion which is expected to reach US$ 2.4 billion by 2025 at a CAGR of 6.1%. The market in the United States is expected to continue growing in the coming years, with increasing demand for convenience and personalized products.
Category-Wise Insights
Which Type of Tea Subscription is Projected to Witness Significant Growth?
The market for organic tea is projected to witness significant growth with a CAGR of 12% from 2018 to 2022 and is expected to grow at a CAGR of 8.3% from 2023 to 2033.
Organic tea is becoming increasingly popular in the subscription market and is projected to witness significant growth among tea types. This is due to several factors, including increasing consumer awareness and demand for natural and organic products as well as a growing concern about the environmental impact of conventional tea production. This makes it an attractive option for consumers who are concerned about the potential health and environmental risks associated with conventional tea production. Top of Form
Why Monthly Subscription Accounts for Significant Share in the Market Revenue?
The market through monthly subscriptions is projected to witness significant growth with a CAGR of 11.5% from 2018 to 2022 and is expected to grow at a CAGR of 8% from 2023 to 2033.
Monthly subscription plans for tea are becoming increasingly popular in the market, and are projected to witness significant growth. This is due to several factors, including the flexibility and convenience of monthly subscriptions, as well as the growing popularity of e-commerce platforms and online shopping.
Monthly subscription plans allow customers to receive a new selection of teas every month, often with an option to customize their selection based on their taste preferences. This can be an attractive option for customers who enjoy trying new teas and want to experiment with different flavors and varieties.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Analysis
Key players in the market are Simple Loose Leaf, Amoda, Dollar Tea Club, Inc., Plum Deluxe Tea, Teasparrow, Sips by, The Whistling Kettle, Teaspoon Tea Co, Tea Runners Inc, Art of Tea, Almost Tea, Tomotcha, and Free Your Tea LLC.
A few of the recent developments in the market are :
- In February 2021, Simple Loose Leaf announced that they were introducing a new "Artisan Tea Club" subscription tier, featuring premium, rare, and unique teas.
- In September 2020, Dollar Tea Club announced that they were introducing a new "Custom Tea Box" feature, allowing customers to choose the teas they receive in their subscription box each month.
Segmentation of the Tea Subscription Market
By Tea Type :
- Organic
- Vegan
By Subscription Type :
- Biweekly
- Monthly
- Quarterly
- Half yearly
- Annually
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018-2022 and Forecast, 2023-2033 4.1. Historical Market Size Value (US$ Million) & Volume (No. of Subscribers) Analysis, 2018-2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (No. of Subscribers) Projections, 2023-2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Tea Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (No. of Subscribers) Analysis By Tea Type, 2018-2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (No. of Subscribers) Analysis and Forecast By Tea Type, 2023-2033 5.3.1. Organic 5.3.2. Vegan 5.4. Y-o-Y Growth Trend Analysis By Tea Type, 2018-2022 5.5. Absolute $ Opportunity Analysis By Tea Type, 2023-2033 6. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Subscription Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (No. of Subscribers) Analysis By Subscription Type, 2018-2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (No. of Subscribers) Analysis and Forecast By Subscription Type, 2023-2033 6.3.1. Biweekly 6.3.2. Monthly 6.3.3. Quarterly 6.3.4. Half Yearly 6.3.5. Annually 6.4. Y-o-Y Growth Trend Analysis By Subscription Type, 2018-2022 6.5. Absolute $ Opportunity Analysis By Subscription Type, 2023-2033 7. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (No. of Subscribers) Analysis By Region, 2018-2022 7.3. Current Market Size Value (US$ Million) & Volume (No. of Subscribers) Analysis and Forecast By Region, 2023-2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018-2022 and Forecast 2023-2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (No. of Subscribers) Trend Analysis By Market Taxonomy, 2018-2022 8.2. Market Size Value (US$ Million) & Volume (No. of Subscribers) Forecast By Market Taxonomy, 2023-2033 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Tea Type 8.2.3. By Subscription Type 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Tea Type 8.3.3. By Subscription Type 8.4. Key Takeaways 9. Latin America Market Analysis 2018-2022 and Forecast 2023-2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (No. of Subscribers) Trend Analysis By Market Taxonomy, 2018-2022 9.2. Market Size Value (US$ Million) & Volume (No. of Subscribers) Forecast By Market Taxonomy, 2023-2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Tea Type 9.2.3. By Subscription Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Tea Type 9.3.3. By Subscription Type 9.4. Key Takeaways 10. Europe Market Analysis 2018-2022 and Forecast 2023-2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (No. of Subscribers) Trend Analysis By Market Taxonomy, 2018-2022 10.2. Market Size Value (US$ Million) & Volume (No. of Subscribers) Forecast By Market Taxonomy, 2023-2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Tea Type 10.2.3. By Subscription Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Tea Type 10.3.3. By Subscription Type 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018-2022 and Forecast 2023-2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (No. of Subscribers) Trend Analysis By Market Taxonomy, 2018-2022 11.2. Market Size Value (US$ Million) & Volume (No. of Subscribers) Forecast By Market Taxonomy, 2023-2033 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Tea Type 11.2.3. By Subscription Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Tea Type 11.3.3. By Subscription Type 11.4. Key Takeaways 12. MEA Market Analysis 2018-2022 and Forecast 2023-2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (No. of Subscribers) Trend Analysis By Market Taxonomy, 2018-2022 12.2. Market Size Value (US$ Million) & Volume (No. of Subscribers) Forecast By Market Taxonomy, 2023-2033 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Tea Type 12.2.3. By Subscription Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Tea Type 12.3.3. By Subscription Type 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Tea Type 13.1.2.2. By Subscription Type 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Tea Type 13.2.2.2. By Subscription Type 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Tea Type 13.3.2.2. By Subscription Type 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Tea Type 13.4.2.2. By Subscription Type 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Tea Type 13.5.2.2. By Subscription Type 13.6. U.K. 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Tea Type 13.6.2.2. By Subscription Type 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Tea Type 13.7.2.2. By Subscription Type 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Tea Type 13.8.2.2. By Subscription Type 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Tea Type 13.9.2.2. By Subscription Type 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Tea Type 13.10.2.2. By Subscription Type 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Tea Type 13.11.2.2. By Subscription Type 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Tea Type 13.12.2.2. By Subscription Type 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Tea Type 13.13.2.2. By Subscription Type 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Tea Type 13.14.2.2. By Subscription Type 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Tea Type 13.15.2.2. By Subscription Type 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2022 13.16.2.1. By Tea Type 13.16.2.2. By Subscription Type 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2022 13.17.2.1. By Tea Type 13.17.2.2. By Subscription Type 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2022 13.18.2.1. By Tea Type 13.18.2.2. By Subscription Type 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2022 13.19.2.1. By Tea Type 13.19.2.2. By Subscription Type 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2022 13.20.2.1. By Tea Type 13.20.2.2. By Subscription Type 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Tea Type 14.3.3. By Subscription Type 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Simple Loose Leaf 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Amoda 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Dollar Tea Club, Inc. 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Plum Deluxe Tea 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Teasparrow 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Sips by 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. The Whistling Kettle 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Teaspoon Tea Co 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Tea Runners Inc 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Art of Tea 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 15.1.11. Almost Tea 15.1.11.1. Overview 15.1.11.2. Product Portfolio 15.1.11.3. Profitability by Market Segments 15.1.11.4. Sales Footprint 15.1.11.5. Strategy Overview 15.1.11.5.1. Marketing Strategy 15.1.11.5.2. Product Strategy 15.1.11.5.3. Channel Strategy 15.1.12. Tomotcha 15.1.12.1. Overview 15.1.12.2. Product Portfolio 15.1.12.3. Profitability by Market Segments 15.1.12.4. Sales Footprint 15.1.12.5. Strategy Overview 15.1.12.5.1. Marketing Strategy 15.1.12.5.2. Product Strategy 15.1.12.5.3. Channel Strategy 15.1.13. Free Your Tea LLC 15.1.13.1. Overview 15.1.13.2. Product Portfolio 15.1.13.3. Profitability by Market Segments 15.1.13.4. Sales Footprint 15.1.13.5. Strategy Overview 15.1.13.5.1. Marketing Strategy 15.1.13.5.2. Product Strategy 15.1.13.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Million) Forecast by Region, 2018-2033
Table 02: Global Market Volume (No. of Subscribers) Forecast by Region, 2018-2033
Table 03: Global Market Value (US$ Million) Forecast by Tea Type, 2018-2033
Table 04: Global Market Volume (No. of Subscribers) Forecast by Tea Type, 2018-2033
Table 05: Global Market Value (US$ Million) Forecast by Subscription Type, 2018-2033
Table 06: Global Market Volume (No. of Subscribers) Forecast by Subscription Type, 2018-2033
Table 07: North America Market Value (US$ Million) Forecast by Country, 2018-2033
Table 08: North America Market Volume (No. of Subscribers) Forecast by Country, 2018-2033
Table 09: North America Market Value (US$ Million) Forecast by Tea Type, 2018-2033
Table 10: North America Market Volume (No. of Subscribers) Forecast by Tea Type, 2018-2033
Table 11: North America Market Value (US$ Million) Forecast by Subscription Type, 2018-2033
Table 12: North America Market Volume (No. of Subscribers) Forecast by Subscription Type, 2018-2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018-2033
Table 14: Latin America Market Volume (No. of Subscribers) Forecast by Country, 2018-2033
Table 15: Latin America Market Value (US$ Million) Forecast by Tea Type, 2018-2033
Table 16: Latin America Market Volume (No. of Subscribers) Forecast by Tea Type, 2018-2033
Table 17: Latin America Market Value (US$ Million) Forecast by Subscription Type, 2018-2033
Table 18: Latin America Market Volume (No. of Subscribers) Forecast by Subscription Type, 2018-2033
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2018-2033
Table 20: Europe Market Volume (No. of Subscribers) Forecast by Country, 2018-2033
Table 21: Europe Market Value (US$ Million) Forecast by Tea Type, 2018-2033
Table 22: Europe Market Volume (No. of Subscribers) Forecast by Tea Type, 2018-2033
Table 23: Europe Market Value (US$ Million) Forecast by Subscription Type, 2018-2033
Table 24: Europe Market Volume (No. of Subscribers) Forecast by Subscription Type, 2018-2033
Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018-2033
Table 26: Asia Pacific Market Volume (No. of Subscribers) Forecast by Country, 2018-2033
Table 27: Asia Pacific Market Value (US$ Million) Forecast by Tea Type, 2018-2033
Table 28: Asia Pacific Market Volume (No. of Subscribers) Forecast by Tea Type, 2018-2033
Table 29: Asia Pacific Market Value (US$ Million) Forecast by Subscription Type, 2018-2033
Table 30: Asia Pacific Market Volume (No. of Subscribers) Forecast by Subscription Type, 2018-2033
Table 31: MEA Market Value (US$ Million) Forecast by Country, 2018-2033
Table 32: MEA Market Volume (No. of Subscribers) Forecast by Country, 2018-2033
Table 33: MEA Market Value (US$ Million) Forecast by Tea Type, 2018-2033
Table 34: MEA Market Volume (No. of Subscribers) Forecast by Tea Type, 2018-2033
Table 35: MEA Market Value (US$ Million) Forecast by Subscription Type, 2018-2033
Table 36: MEA Market Volume (No. of Subscribers) Forecast by Subscription Type, 2018-2033
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List Of Figures
Figure 01: Global Market Value (US$ Million) by Tea Type, 2023-2033
Figure 02: Global Market Value (US$ Million) by Subscription Type, 2023-2033
Figure 03: Global Market Value (US$ Million) by Region, 2023-2033
Figure 04: Global Market Value (US$ Million) Analysis by Region, 2018-2033
Figure 05: Global Market Volume (No. of Subscribers) Analysis by Region, 2018-2033
Figure 06: Global Market Value Share (%) and BPS Analysis by Region, 2023-2033
Figure 07: Global Market Y-o-Y Growth (%) Projections by Region, 2023-2033
Figure 08: Global Market Value (US$ Million) Analysis by Tea Type, 2018-2033
Figure 09: Global Market Volume (No. of Subscribers) Analysis by Tea Type, 2018-2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Tea Type, 2023-2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Tea Type, 2023-2033
Figure 12: Global Market Value (US$ Million) Analysis by Subscription Type, 2018-2033
Figure 13: Global Market Volume (No. of Subscribers) Analysis by Subscription Type, 2018-2033
Figure 14: Global Market Value Share (%) and BPS Analysis by Subscription Type, 2023-2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by Subscription Type, 2023-2033
Figure 16: Global Market Attractiveness by Tea Type, 2023-2033
Figure 17: Global Market Attractiveness by Subscription Type, 2023-2033
Figure 18: Global Market Attractiveness by Region, 2023-2033
Figure 19: North America Market Value (US$ Million) by Tea Type, 2023-2033
Figure 20: North America Market Value (US$ Million) by Subscription Type, 2023-2033
Figure 21: North America Market Value (US$ Million) by Country, 2023-2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 23: North America Market Volume (No. of Subscribers) Analysis by Country, 2018-2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 26: North America Market Value (US$ Million) Analysis by Tea Type, 2018-2033
Figure 27: North America Market Volume (No. of Subscribers) Analysis by Tea Type, 2018-2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Tea Type, 2023-2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Tea Type, 2023-2033
Figure 30: North America Market Value (US$ Million) Analysis by Subscription Type, 2018-2033
Figure 31: North America Market Volume (No. of Subscribers) Analysis by Subscription Type, 2018-2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Subscription Type, 2023-2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Subscription Type, 2023-2033
Figure 34: North America Market Attractiveness by Tea Type, 2023-2033
Figure 35: North America Market Attractiveness by Subscription Type, 2023-2033
Figure 36: North America Market Attractiveness by Country, 2023-2033
Figure 37: Latin America Market Value (US$ Million) by Tea Type, 2023-2033
Figure 38: Latin America Market Value (US$ Million) by Subscription Type, 2023-2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023-2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 41: Latin America Market Volume (No. of Subscribers) Analysis by Country, 2018-2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Tea Type, 2018-2033
Figure 45: Latin America Market Volume (No. of Subscribers) Analysis by Tea Type, 2018-2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Tea Type, 2023-2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Tea Type, 2023-2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Subscription Type, 2018-2033
Figure 49: Latin America Market Volume (No. of Subscribers) Analysis by Subscription Type, 2018-2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Subscription Type, 2023-2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Subscription Type, 2023-2033
Figure 52: Latin America Market Attractiveness by Tea Type, 2023-2033
Figure 53: Latin America Market Attractiveness by Subscription Type, 2023-2033
Figure 54: Latin America Market Attractiveness by Country, 2023-2033
Figure 55: Europe Market Value (US$ Million) by Tea Type, 2023-2033
Figure 56: Europe Market Value (US$ Million) by Subscription Type, 2023-2033
Figure 57: Europe Market Value (US$ Million) by Country, 2023-2033
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 59: Europe Market Volume (No. of Subscribers) Analysis by Country, 2018-2033
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 62: Europe Market Value (US$ Million) Analysis by Tea Type, 2018-2033
Figure 63: Europe Market Volume (No. of Subscribers) Analysis by Tea Type, 2018-2033
Figure 64: Europe Market Value Share (%) and BPS Analysis by Tea Type, 2023-2033
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Tea Type, 2023-2033
Figure 66: Europe Market Value (US$ Million) Analysis by Subscription Type, 2018-2033
Figure 67: Europe Market Volume (No. of Subscribers) Analysis by Subscription Type, 2018-2033
Figure 68: Europe Market Value Share (%) and BPS Analysis by Subscription Type, 2023-2033
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Subscription Type, 2023-2033
Figure 70: Europe Market Attractiveness by Tea Type, 2023-2033
Figure 71: Europe Market Attractiveness by Subscription Type, 2023-2033
Figure 72: Europe Market Attractiveness by Country, 2023-2033
Figure 73: Asia Pacific Market Value (US$ Million) by Tea Type, 2023-2033
Figure 74: Asia Pacific Market Value (US$ Million) by Subscription Type, 2023-2033
Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2023-2033
Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 77: Asia Pacific Market Volume (No. of Subscribers) Analysis by Country, 2018-2033
Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Tea Type, 2018-2033
Figure 81: Asia Pacific Market Volume (No. of Subscribers) Analysis by Tea Type, 2018-2033
Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Tea Type, 2023-2033
Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Tea Type, 2023-2033
Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Subscription Type, 2018-2033
Figure 85: Asia Pacific Market Volume (No. of Subscribers) Analysis by Subscription Type, 2018-2033
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Subscription Type, 2023-2033
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Subscription Type, 2023-2033
Figure 88: Asia Pacific Market Attractiveness by Tea Type, 2023-2033
Figure 89: Asia Pacific Market Attractiveness by Subscription Type, 2023-2033
Figure 90: Asia Pacific Market Attractiveness by Country, 2023-2033
Figure 91: MEA Market Value (US$ Million) by Tea Type, 2023-2033
Figure 92: MEA Market Value (US$ Million) by Subscription Type, 2023-2033
Figure 93: MEA Market Value (US$ Million) by Country, 2023-2033
Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 95: MEA Market Volume (No. of Subscribers) Analysis by Country, 2018-2033
Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 98: MEA Market Value (US$ Million) Analysis by Tea Type, 2018-2033
Figure 99: MEA Market Volume (No. of Subscribers) Analysis by Tea Type, 2018-2033
Figure 100: MEA Market Value Share (%) and BPS Analysis by Tea Type, 2023-2033
Figure 101: MEA Market Y-o-Y Growth (%) Projections by Tea Type, 2023-2033
Figure 102: MEA Market Value (US$ Million) Analysis by Subscription Type, 2018-2033
Figure 103: MEA Market Volume (No. of Subscribers) Analysis by Subscription Type, 2018-2033
Figure 104: MEA Market Value Share (%) and BPS Analysis by Subscription Type, 2023-2033
Figure 105: MEA Market Y-o-Y Growth (%) Projections by Subscription Type, 2023-2033
Figure 106: MEA Market Attractiveness by Tea Type, 2023-2033
Figure 107: MEA Market Attractiveness by Subscription Type, 2023-2033
Figure 108: MEA Market Attractiveness by Country, 2023-2033
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- FAQs -
What value is the market estimated to reach in 2023?
The global market size is estimated to be valued at US$ 233 million in 2023.
What was the global market size for 2022?
The market was reported at US$ 208 million in 2022.
What valuation of the market is estimated to reach by 2033?
The market is expected to reach a valuation of US$ 531 million by 2033.
What value CAGR did the market exhibit over the last 4 years?
The market registered a CAGR of 12.5% over the last 4 years.
What is the projected CAGR for the market from 2023 to 2033?
The market is projected to witness a CAGR of 8.6% from 2023 to 2033.
Which type of tea is expected to witness significant demand in the market?
The demand for organic tea is projected to witness significant demand with a projected CAGR of 8.3% from 2023 to 2033.
Through which subscription type is the market expected to generate significant revenue?
The market through monthly subscription is projected to witness significant demand with a projected CAGR of 8% from 2023 to 2033.
What is the expected market size in the United States by 2033?
The market in the United States is projected to witness a market size of US$ 160.3 million and is expected to grow at a 7.4% CAGR from 2023 to 2033.
Which are the key companies offering Tea Subscription?
Key players in the market are Simple Loose Leaf, Amoda, Dollar Tea Club, Inc., Plum Deluxe Tea, Teasparrow, Sips by, The Whistling Kettle, Teaspoon Tea Co, Tea Runners Inc, Art of Tea, Almost Tea, Tomotcha, and Free Your Tea LLC.
Tea Subscription Market