Tea is the breath of energy for Indians that they mostly enjoy as soon as they get up, after their breakfast, or in the evening. Among all the producers and consumers in the world, India ranks second.
Tea is one of the world’s most popular beverages and is consumed globally by people of all ages. Tea is an important economic driver for many developing countries, including India. Extensive tea plantations have been established in India over the past century as a source of income for farmers. With about 16% of global tea production, India ranks second behind China as the world's second-largest tea producer.
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Tea production in India has grown rapidly in the past decade and is poised for further growth. Forecasting suggests that the Indian tea market will continue to grow rapidly, with global consumption estimated to reach 89.9 million 75-kg bags in 2017. In addition to the tea industry, the Indian beverage sector is also set to grow rapidly. Over 75% of the world’s population today drink beverages like tea or coffee.
Things to Consider Before Starting the Tea Processing Business
●Know the plant well - The Camellia Sinensis plant is the most important plant to understand if you are going into the tea business in India. A variety of teas are harvested from it, including Green Tea, Yellow Tea, Oolong Tea, Pure Tea, and Black & White Tea.
●Focus on your competition - In any tea business in India, defining your brand's USP is key to success. You will be able to expand your market potential along with increased profit margins when you create premium blends and flavors.
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●Establish your Target Audience- You might be catering to the whole country, but you can easily cater to the masses by defining your target audience and curating a marketing strategy to reach them.
●Attractive and effective packaging - Most businesses in India prefer the "What you see is what you buy" approach to product packaging. Consumers are influenced by attractive packaging.
●Tea Storage - There is still a lack of knowledge about various types of tea among customs officials in India. Their procurement process is therefore suspect. Before delivery, it's crucial that they're handled carefully to prevent insects from infesting them.
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Demand for Tea Processing Business in India
Tea cultivation and processing demand in India drive economic growth and employment, contributing significantly to the country’s gross domestic product and employment.
●Tea production in India has increased significantly over the past century, with the country becoming the world’s second-largest producer of tea after China.
●Tea consumption in India accounts for about 16% of global consumption today, making it the third largest consumer.
●The tea industry in India employs more than one million workers, generates $15 billion in annual economic output, and supports over two hundred thousand jobs.
●There has been rapid growth in the Indian tea sector in the past decade, and this trend is likely to continue.
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Things Required To Start Tea Trading Business in India
●Create a business plan that is tailored to your company's needs
●Analyze your target market
●Perform a market analysis
●Obtain official registration for your business
●Obtain legal status for your tea business
●It is important that you register for GST, but also for Micro, Small, and Medium Enterprises (MSME) and Small Scale Industries (SSI).
●Licensing is necessary
●FSSAI (Food Safety and Standard Authority of India) licensing is required.
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