South Korea Black Tea Market 2024

Description

The South Korea black tea market is projected to contract by USD 0.5 million by the end of 2029, indicating a compound annual growth rate (CAGR) of -1.1%. South Korea’s black tea market is anticipated to experience a downward trend as consumers increasingly shift their preferences towards green and herbal teas, driven by strong health perceptions surrounding these alternatives. Black tea faces competition from coffee and functional beverages, which align more closely with the evolving consumer preferences for enhanced health benefits and energy-boosting qualities. Additionally, the rise of specialty cafés focusing on unique tea blends and coffee further challenges the black tea market’s growth.

The report provides comprehensive data on the South Korea black tea market, presenting historical market size, growth rates, and future forecasts. It offers a detailed examination of various market categories and subcategories, with a focus on key factors such as product type, type and distribution channel.

Market Segmentation

The segmentation of the South Korea black tea market is outlined below:
Product type: loose leaf black tea, black tea bags
Type: organic black tea, regular black tea
Distribution channel: convenience stores, supermarkets and hypermarkets, warehouse clubs, food & drinks specialty stores, grocery stores, bars & HoReCa, e-commerce, others

The South Korea black tea market is categorized by product type, type and distribution channel. By product type, it includes loose leaf black tea, and black tea bags. Type segmentation includes organic black tea, and regular black tea. Distribution channel segments cover convenience stores, supermarkets and hypermarkets, warehouse clubs, food & drinks specialty stores, grocery stores, bars & HoReCa, e-commerce, and others.

Competitive Landscape

In examining the competitive landscape, key players in the black tea market include Whittard of Chelsea plc, Lipton Teas and Infusions, Associated British Foods plc and Ahmad Tea Ltd. This report presents an extensive analysis of major entities in the black tea market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.

Why Buy This Report?

Obtain precise statistical data and forecasts for the South Korea black tea market.
Gain in-depth analysis and forecasts for the key segments of the South Korea black tea market: product type, type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea black tea market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Korea Black Tea Market – Product Type Analysis
South Korea Black Tea Market – Type Analysis
South Korea Black Tea Market – Distribution Channel Analysis
Key Players and Market Share
– Whittard of Chelsea plc
– Lipton Teas and Infusions
– Associated British Foods plc
– Ahmad Tea Ltd.
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table South Korea Black Tea Market 2019-2029
Chart South Korea Black Tea Market, Net Growth, 2019-2029
Chart South Korea Black Tea Market, Growth Rates, 2019-2029
Table South Korea Black Tea Market by Product Type, 2019-2029
Chart South Korea Black Tea Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Black Tea Market by Product Type, 2019-2029
Table South Korea Black Tea Market by Type, 2019-2029
Chart South Korea Black Tea Market by Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Black Tea Market by Type, 2019-2029
Table South Korea Black Tea Market by Distribution Channel, 2019-2029
Chart South Korea Black Tea Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Black Tea Market by Distribution Channel, 2019-2029
Table South Korea Black Tea Market Share (%), by Companies, 2019-2023
Chart South Korea Black Tea Market, by Companies, 2023
Table South Korea Black Tea Market Share (%), by Brands, 2019-2023
Chart South Korea Black Tea Market, by Brands, 2023
Table South Korea – Population (Millions) and Forecast
Table South Korea – Consumer Price Index (CPI) and Forecast
Table South Korea – Gross Domestic Product and Forecast
Table South Korea Black Tea Market: Spend as a Proportion of GDP (%)
Table South Korea Black Tea Market: Consumption per Capita (Population)

Companies Mentioned

Whittard of Chelsea plc
Lipton Teas and Infusions
Associated British Foods plc
Ahmad Tea Ltd.