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White Tea Market Size

Report ID: GMI11911
Published Date: Oct 2024
Report Format: PDF

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White Tea Market Size

The global white tea market was valued at USD 1.7 billion in 2023 and is estimated to grow at a CAGR of over 6.2% from 2024 to 2032. The white tea is primarily applied in beverages, including traditional tea, functional health drinks, and wellness products. Its growth is driven by the increasing consumer preference for natural and healthy beverages, fueled by rising awareness of health benefits such as antioxidant properties and anti-aging effects.

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The functional food sector is also incorporating white tea for its health benefits, enhancing its appeal in personal care products like skincare and cosmetics. The trend towards organic and premium products further supports market growth. Moreover, online retail channels are expanding, providing greater access and convenience for consumers, contributing to an upward trend in white tea consumption globally.

White Tea Market Report Attributes
Report Attribute	Details
Base Year:	2023
White Tea Market Size in 2023:	USD 1.7 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	6.2%
2024 – 2032 Value Projection:	USD 3 Billion
Historical Data for:	2021-2023
No. of Pages:	235
Tables, Charts & Figures:	165
Segments covered:	Type, Application, Distribution Channel
Growth Drivers:	Increasing health consciousness Rising demand for natural and organic products Expanding beverage market Growing popularity of specialty teas
Pitfalls & Challenges:	Limited awareness in some markets Competition from other tea types

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Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market for white tea was reached USD 1.7 billion in 2023 and is estimated to grow at a 6.2% CAGR from 2024 to 2032, driven by increasing consumer preference for natural and healthy beverages.

The white peony segment was valued at USD 500 million in 2023 and is anticipated to expand at a 6.5% CAGR during 2024 to 2032, due to its unique flavor profile and numerous health benefits.

The beverage segment was crossed USD 700 million in 2023 and is projected to grow at a 6.4% CAGR from 2024 to 2032, driven by a growing consumer preference for healthier drink options.

The offline retail segment was valued at USD 1 billion in 2023 and is expected to grow at a 6.3% CAGR from 2024 to 2032, supported by traditional shopping preferences and the importance of experiential purchasing.

China's white tea market size surpassed USD 313.2 million in 2023 and is expected to grow at a 6.3% CAGR, driven by its extensive infrastructure for processing and distribution and the cultural significance of tea.

Key players in the white tea industry include Dilmah Ceylon Tea Company, Goodricke Group, Rare Tea Company, Sancha Tea, The Chinese Tea Company, The East India Company, ViconyTeas, White Cloud World Teas, and Wight Tea Company.