Ken Research has recently announced its latest
publication on “Hot
Tea Consumption Volume and Growth Forecast to 2021-Latin America”
which aims at providing in depth analysis of hot tea market of Latin America
and it further provides profound understanding of the latest consumer trends
and key macroeconomic factors driving demand for Latin American hot tea market.
Further, it offers thorough insights of the market including information about
leading market players and major influences driving innovation in market.
Report also seeks to sketch a detailed view about future of Latin American tea
industry by looking into recent market trends.
Overview of hot tea industry of Latin
America
Few
countries of Latin American economy is facing immense economic adversities
while others are becoming economically affluent. Except Brazil and Ukraine
other countries of Latin America is facing positive economic growth. Latin American countries covered in the
report include Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica,
Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay,
Peru, Uruguay, and Venezuela.
Hot Tea is a ready to drink beverage from infusion of dried
tea leaves or herbal and/or fruit ingredients in hot water or from instant,
freeze-dried tea in granular or powdered form. Despite of rising tea culture
demand for tea culture is also rising in Latin America. Chile and Bolivia are
highest consumer of tea in South America. These are the only two nations that
prefer tea over coffee. Further, rising demand is witnessed in nations like
Brazil, Bolivia, Chile, etc. Further, Guatemala’s tea plantations are
expanding its production in South America which are significantly contributing
to world tea exports. Major tea brands like meh tea, brisk tea, the tao of tea,
organic Rio, etc. becoming popular not only in Latin America but throughout the
world.
Key drivers in hot tea market in Latin
America
Demand for
tea is rising substantially in Latin America. Demand for major varieties like
mate leao, rosamonte, etc is rising globally. Various factors has led to
expansion of Latin American tea market:
ΓΌ
Popularity of health campaigns
Since health awareness is rising
throughout the globe thus demand for many health friendly teas are rising.
Significant rise in demand for herbal tea, slimming tea, antioxidant tea, etc.
is rising throughout Latin America.
Rising demand for Latin American tea globally
Demand for Latin American mate tea is
increasing on a massive rate globally. This is leading to expansion in
production base and rise in exports of Latin American coffee.
Demand for exotic flavors and variety
Demand for exotic flavors and new
innovative taste of tea are rising. This has surged demand for tea in various
parts of Latin America.
Future of hot tea industry
Latin
American tea industry is rising significantly with higher demand, production,
revenue and exports. Though this industry is facing competition from other hot
beverages like coffee, but still tea industry is expected to grow significantly
in future. Higher demand is expected from regions like Chile, Bolivia and Brazil.
Aggressive marketing campaigns, research and development to introduce new
flavors, better channels of distributions, etc. are used for further expansion
of market.
For more
coverage click on link below:
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Contact:
Ken Research
Ankur
Gupta, Head Marketing & Communications
+91-124-4230204
