The import of tea and mate extracts, essences, and concentrates to India is anticipated to steadily grow from 2024 to 2028, with values increasing from $3.2098 million to $3.7214 million. Considering the market in 2023 stood at approximately $3 million, this reflects a consistent growth trajectory. The year-on-year growth rate suggests incremental advances, highlighting a positive upward trend. The compound annual growth rate (CAGR) from 2024 to 2028 indicates moderate steady growth in imports.
Future trends to watch for:
- Emerging tea and mate consumption patterns influenced by health trends.
- Potential trade policy changes impacting import dynamics.
- Technological advancements in extraction and concentration processes.
