Zion Market Research published a new research report on the alcohol-based tea market.
According to the study, revenue for the segment was valued at US$20.1 billion in 2022 and is expected to surpass US$30.1 billion mark by 2030 at a compound annual growth rate (CAGR) of approximately 11.9 percent during the forecast period, 2023 to 2030.
Zion noted that there’s currently large-scale demand for cocktail beverages infused with tea.
Overall, the vodka segment is predicted to contribute majorly towards market growth over the forecast timeline.
In terms of flavor, the berries segment is projected to account for a major share of the global market through 2030.
Regionally, the European alcohol-based tea market is projected to register the highest CAGR during the forecast period, and the Asia-Pacific region is predicted to lead the global market during the 2023 to 2030 reported timeline.
Kombucha and various fermented tea beverages will also open new growth opportunities for the global industry in this space, per the report.
Zion Market Research is a leading market research organization offering industry expertise and consulting services.
To learn more about the report, visit ZionMarketResearch.com.
Don’t Miss the Weekly World Tea News eNewsletter! Get your free subscription, if you’re not already subscribed, by clicking here.
Plan to Attend or Participate in World Tea Expo, March 18-20, 2024
To learn about other key developments, trends, issues, hot topics and products within the global tea community, plan to attend World Tea Expo, March 18-20, 2024 in Las Vegas, co-located with Bar & Restaurant Expo. Visit WorldTeaExpo.com.
To book your sponsorship or exhibit space at the World Tea Conference + Expo, or to enquire about advertising and sponsorship opportunities at World Tea News, contact:
Ellainy Karaboitis-Christopoulos
Business Development Manager, Questex
Phone: +1-212-895-8493
Email: [email protected]
Also, be sure to stay connected with World Tea Expo on social media for details and insights about the event. Follow us on Twitter, Facebook, Instagram and LinkedIn.