The global tea processing equipment market is poised to attain a valuation of USD 12.8 billion by 2023, projecting a robust Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033. By the close of the decade, an impressive valuation of USD 25.4 billion is anticipated, emphasizing the enduring global preference for tea.
At the core of this growth trajectory is the pivotal role played by tea processing equipment, serving as the cornerstone for large-scale production of this beloved beverage. Manufacturers rely on a diverse array of specialized machines to expertly transform tea leaves into the variety of teas cherished by millions worldwide. These machines encompass various categories, including tea sorting equipment, orthodox tea machines, fibre extractors, CTC (Crush, Tear, Curl) tea processing equipment, tea drying equipment, tea grading equipment, and tea powder grinding machines.
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Driving Forces in the Global Tea Processing Equipment Market:
The global market for tea processing equipment is on an upward trajectory, fuelled by the escalating consumption of diverse tea variants, encompassing black tea, green tea, and decaffeinated tea. This trend is expected to persist throughout the forecast period.
Likewise, the surge in tea exports and advancements in manufacturing technologies are poised to propel the tea processing equipment market during the upcoming decade.
While the black tea sector currently commands the largest share of tea processing equipment consumption, it is the green tea segment that is predicted to outpace all others in the forecast period. This projected dominance is attributed to the burgeoning worldwide production and consumption of green tea.
Key Insights from the Study on Tea Processing Equipment Market:
- Rising Momentum in CTC Tea Processing: Among processing techniques, the CTC tea processing machines segment is poised for robust growth, exhibiting a higher Compound Annual Growth Rate (CAGR) during the forecast period.
- Automation’s Swift Ascent: In terms of automation grade, the automatic segment is projected to demonstrate the most rapid expansion between 2023 and 2033, indicating a shift towards enhanced automated processes.
- U.S. Leading the Way: Presently, the U.S. commands a significant share, accounting for approximately 20% of the global tea processing equipment market, reflecting its dominant stature.
- China’s Accelerated Market Surge: China’s tea processing equipment market is anticipated to experience the swiftest growth rate over the upcoming decade, underlining its dynamic progression.
- North America’s Steady Growth: The tea processing equipment market in North America is expected to sustain steady growth, with an estimated CAGR of 6.13% between 2023 and 2033, showcasing consistent advancement.
Leaders Emerging in the Field:
FMI’s assessment points to notable industry leaders in the tea processing equipment market, including Steelsworth, Marshall Fowler Engineers, Kawasaki Kiko, Bharat Engineering Works, and G.K Tea Industries.
These prominent players are actively embracing a spectrum of organic and inorganic approaches, such as introducing novel products, engaging in mergers, acquisitions, collaborations, and partnerships. These strategic maneuvers are instrumental in solidifying their competitive advantage within the market.
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Tea Processing Equipment Market by Category:
By Processing Technique:
- CTC Tea Processing Machine
- Orthodox Tea Processing Machine
By Process Components:
- Tea Sorting equipment
- Tea Powder grinding
- Tea Rolling machine
- Fermenting Machine
- Tea Drying equipment
By End-use Industry:
- Black Tea Industry
- Green Tea Industry
- Oolong Tea Industry
- Others (Bubble tea, Yellow Tea, Decaffeinated tea etc.)
By Automation Grade:
- Automatic
- Semi-Automatic
- Manual
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Author:
Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.
What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.
She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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