Oolong Tea Market Trends 2021 Industry Trends, Sales, Supply, Demand, COVID-19 Impact Analysis & For
As per Market Research Future (MRFR), the global Oolong Tea Market Trends is estimated to garner a revenue of USD 410 million, with a CAGR of 4.2% from 2019 to 2024 (forecast period). The report assesses major players, including a five-year global market evaluation that highlights market growth. The analysis provides a forecast of market opportunities for each region over the next five years. The report also includes a detailed overview of the impact analysis of the Covid-19 by type, application, and regions.
Oolong tea is a type of tea that originates in China. It is a semi-oxidized tea made from the leaves of the camellia sinensis plant. It provides the qualities of both black tea and green tea, and thus emerges as a beneficial functional beverage. Growth in the global market for oolong tea is driven primarily by evolving customer preferences for healthy and functional food and beverages and increasing health concerns. Oolong tea is also used in several nutraceutical products due to its health benefits derived from multiple antioxidants present in it. These include theaflavins, thearubigins and EGCG, and the amino acid theanine.
Consumption of oolong tea helps in preventing diabetes, improve heart health, weight management, strengthen teeth and bones, enhance neural and brain function, relive eczema, and others. However, the market is experiencing challenges in its growth due to the regional availability of oolong tea, leading to a high dependence on imports on the various country-level markets. Moreover, the lack of understanding of the benefits of oolong tea consumption in various developing and least developed countries hinders the growth of the oolong tea industry.
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The global market for Oolong Tea Market Trends has been segmented based on form, flavor, and distribution channel.