As per a report by Transparency Market Research, the global tea market is estimated to reach $20 billion by 2025, growing at a 5.7% CAGR from $12.8 billion in 2017.
Further, as stated by the Tea Board of India, India is the 2nd largest producer of tea in the world and accounts for highest consumption globally. Majority of the production comes from the northern parts of the country with Assam being the largest producer accounting for ~50% of the country’s production.
Data and technology have started penetrating industries in India including the tea industry and is expected to be the future. The governing bodies have started looking at Big Data Analytics, Artificial Intelligence (AI) and Machine Learning (ML) technologies to work for the betterment of this industry. For
instance, through AI, the “fine leaf count” of a batch can be determined which will help in grading the batch quality. This will enhance the quality of the final product and earn higher standards in the global market.
The use of technology will not only just improve the quality of the product but will also help in reducing overall cost, thus increasing the bottom line for the companies and at the same time benefit the stakeholders.