Global Matcha Tea Market to 2026 by Grade, Product, Production Technology, Distribution, Nature of Raw Material, Application, Packaging, Usage, Flavour, & Vendor Landscape
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The Global Matcha Tea market is expected to reach $2.69 billion by 2026 growing at a CAGR of 6.7% from 2019 to 2026
Matcha is a high-grade green tea obtained from tencha leaves that is grounded into a fine powder. It contains 137 times more antioxidants than other tea and is, therefore, it has more health benefits for the health-conscious people. Due to high antioxidant content matcha tea also helps in boosting metabolism and also in burning more calories.
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At the same time, it reaffirmed the rating for short-term instruments worth Rs 715 crore at A1-plus.
ICRA also upgraded the company s fund-based working capital facilities at AAA with a stable outlook from AA-plus earlier. Besides, it reaffirmed the non-fund based facility at A1-plus. Tata Consumer Products earlier known as Tata Global Beverages Ltd has a consolidated revenue of Rs 10,000 crore and employs over 2,200 people in its branded business. The portfolio of products includes tea, coffee, water, salt, pulses, spices and packaged food offerings. It is the second-largest branded tea company in the world with key beverage brands like Tata Tea, Tetley, Eight O Clock Coffee, Tata Coffee Grand and Himalayan Natural Mineral Water.
ICRA upgrades financial ratings of Tata Consumer Products ANI | Updated: Dec 30, 2020 11:27 IST
Mumbai (Maharashtra) [India], December 30 (ANI): ICRA has upgraded the rating for long-term financial instruments of Tata Consumer Products worth Rs 350 crore to AAA with a stable outlook from AA-plus.
At the same time, it reaffirmed the rating for short-term instruments worth Rs 715 crore at A1-plus.
ICRA also upgraded the company s fund-based working capital facilities at AAA with a stable outlook from AA-plus earlier.
Tata Consumer Products earlier known as Tata Global Beverages Ltd has a consolidated revenue of Rs 10,000 crore and employs over 2,200 people in its branded business. The portfolio of products includes tea, coffee, water, salt, pulses, spices and packaged food offerings.