Asia Pacific Tea Market

Asia Pacific Tea Market by Product Type (Black Tea, Green Tea, Herbal Tea, and Others), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, Online Retailers, and Others), and Regions (China, Japan, India, Australia, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-4565
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 192
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The Asia Pacific tea market is anticipated to register a considerable CAGR of 2.4% during the forecast period, 2021-2028. The growth of market is attributed to functional/fortified beverages present in tea.

Asia Pacific Tea Market summary

Globally tea is a popular beverage obtained from camellia sinensis plant leaf. It is utilized due to presence of the polyphenols working as vitamins, antioxidants, trace minerals, and various amino acids which helps in reducing cholesterol, increases metabolism, stronger metabolism, prevention of cancer, and more. Tea contain small amount of caffeine helps as a mild stimulant preventing fatigue. Tea's popularity has grown as a result of its health advantages and increased awareness of the botanical elements it contains.

The Covid-19 pandemic affected the demand and supply chain of the Asia Pacific tea market. Covid-19 is an unprecedented worldwide public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the projection period.

Market Trends, Drivers, Restraints, and Opportunities

  • People around the world are becoming more health-conscious, urging customers, particularly millennials, to choose tea over fizzy beverages which are boosting the market.
  • Tea’s popularity has increased due to its health advantages and increasing awareness of botanical elements it contains, which is projected to drive the market.
  • Black tea is having more health benefits because of their antioxidant properties helps preventing the DNA damage by tobacco or other toxic chemicals so, black tea is one of the major factors that drive the market.
  • Rising cost of raw material due to unpredictable weather, increasing cost of agriculture inputs, and rising trend of out-of-home coffee consumption are expected to restraint the tea market.

Scope of the Report

The report on the Asia-Pacific tea market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report

Attributes

Details

Report Title

Tea Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Type (Black Tea, Green Tea, Herbal Tea, and Others), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, Online Retailers, and Others)

Regional Scope

China, Japan, India, Australia and Rest of Asia-Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Dilmah Ceylon Tea Company PLC.; Unilever PLC.; Hain Celestial.; Tata Global Beverages.; R. Twinning and Company Limited.

Market Segment Insights

The black tea segment is projected to expand at a considerable CAGR

On the basis of product types, the market is divided into black tea, green tea, herbal tea, and others. The black tea segment is anticipated to account for a major market share during the forecast period due to health benefits antioxidants properties help in preventing the DNA damage cause by tobacco and other toxic chemicals. Increasing health awareness and growing western influence, Japanese and young Chinese population prefer black tea. India exported 4.4 million kg of black tea to China in 2018. Kenyan black tea exports were 1.8 million kilograms. Rising consumer interest and increased health knowledge about tea intake, the demand is expected to rise during the forecast period.

Asia Pacific Tea Market product types

The supermarkets/hypermarkets segment accounted for a major market share

On the basis of distribution channels, the market is fragmented into supermarkets/hypermarkets, convenience stores, specialist retailers, online retailers, and others. The supermarkets/hypermarkets segment accounted for a major market share. Supermarkets and hypermarkets are self-help stores that sell a large range of green tea goods, including blends, iced tea, and various flavors like basil, tulsi, honey, and lemon. To attract clients, this huge variety of products are arranged in various areas and shelves in a very ordered manner. When opposed to supermarkets and hypermarkets, convenience stores are smaller and located in more constrained spaces.

China is anticipated to dominate the market

In terms of regions, the Asia Pacific tea market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. China is expected to constitute a key share of the market during the projected period due to health benefits of tea. China and India, as the world's leading tea growers, fulfill rising demand by exporting tea throughout the world. China accounted for 22.9 percent of the worldwide tea exports market in terms of value, followed by India with 9.8 percent.

Asia Pacific Tea Market regions

Segments

Product Type

  • Black Tea
  • Green Tea
  • Herbal Tea
  • Others

 Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialist Retailers
  • Online Retailers
  • Others

 Regions

  • China
  • Japan
  • India
  • Australia
  • Rest of Asia Pacific

Key Players

Competitive Landscape

Key players competing in the Asia Pacific tea market include Dilmah Ceylon Tea Company PLC.; Unilever PLC.; Hain Celestial.; Tata Global Beverages.; R. Twinning and Company Limited. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Asia Pacific Tea Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tea Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Tea Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Tea Market - Supply Chain
  4.5. Global Tea Market Forecast
     4.5.1. Tea Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Tea Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Tea Market Absolute $ Opportunity
5. Global Tea Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Tea Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Tea Demand Share Forecast, 2019-2026
6. North America Tea Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Tea Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Tea Demand Share Forecast, 2019-2026
7. Latin America Tea Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Tea Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Tea Demand Share Forecast, 2019-2026
8. Europe Tea Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Tea Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Tea Demand Share Forecast, 2019-2026
9. Asia Pacific Tea Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Tea Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Tea Demand Share Forecast, 2019-2026
10. Middle East & Africa Tea Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Tea Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Tea Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Tea Market: Market Share Analysis
  11.2. Tea Distributors and Customers
  11.3. Tea Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Dilmah Ceylon Tea Company PLC
     11.4.2. Unilever PLC
     11.4.3. Hain Celestial
     11.4.4. Tata Global Beverages
     11.4.5. R. Twinning and Company Limited

Product Type

  • Black Tea
  • Green Tea
  • Herbal Tea
  • Others

 Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialist Retailers
  • Online Retailers
  • Others

 Regions

  • China
  • Japan
  • India
  • Australia
  • Rest of Asia Pacific

Key Players

Key players competing in the Asia Pacific tea market include Dilmah Ceylon Tea Company PLC.; Unilever PLC.; Hain Celestial.; Tata Global Beverages.; R. Twinning and Company Limited. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Asia Pacific Tea Market keyplayers

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