The Business Research Company’s latest report Tea Capsule Global Market Report 2020 covers Tea Capsule market drivers, Tea Capsule market trends, Tea Capsule market segments, Tea Capsule market growth rate, Tea Capsule market major players, and Tea Capsule market size. The report provides in-depth analysis of the impact of COVID-19 on the Tea Capsule industry, along with revised market numbers due to the effects of the coronavirus.
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Tea Capsule Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global tea capsule market is expected to grow from $1.04 billion in 2019 to $1.06 billion in 2020 at a compound annual growth rate (CAGR) of 1.5%. The slow growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The market is then expected to grow and reach $1.42 billion in 2023 at CAGR of 10.24%.
The report covers the tea capsule market’s segments-
1) By Product Type: Red Tea Capsules, Oolong Tea Capsules, Black Tea Capsules, Yellow Tea Capsules, Others.
2) By Distribution Channel: Hypermarkets & Supermarkets, Specialty Stores, Online Stores, Convenience Stores, Others.
3) By Application: Residential, Commercial.
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