Hong Kong Tea Market 2024

Description

According to the latest data, the market size of the tea industry in Hong Kong is expected to rise by USD 17.7 million with a CAGR of 4.5% by the end of 2029. A growing interest in health and wellness among consumers is driving up demand for green and herbal teas. The trend towards premiumization, with a focus on quality and distinctive flavors, is equally significant.

This report presents a detailed overview of the Hong Kong tea industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, packaging, and distribution channel. This detailed analysis supports the identification of growth opportunities within the tea industry.

Market Segmentation

The tea market in Hong Kong is structured as follows:
Product type: black tea, fruit & herbal tea, green tea, instant tea, others
Packaging: flexible packaging, paper containers, others (glass, metal, etc.)
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, e-commerce, others

The Hong Kong tea market is segmented on the basis of product type, packaging, and distribution channel. Based on product type, the tea market in Hong Kong is categorized into black tea, fruit & herbal tea, green tea, instant tea, and others. On the basis of packaging, the tea market in Hong Kong has been segmented into flexible packaging, paper containers, and others (glass, metal, etc.). By distribution channel, the tea market in Hong Kong has been segmented into convenience stores, supermarkets and hypermarkets, small grocery stores, e-commerce, and others.

Competitive Landscape

The Hong Kong tea market is highly competitive. The leading players in the tea market include Tsit Wing Coffee Co. Ltd., The Hain Celestial Group Inc., Multipak Limited, Lipton Teas and Infusions, Kampery Development Limited, East West Tea Company LLC, Birmingham Food Products Ltd., Associated British Foods plc.

This report provides a thorough assessment of the Hong Kong tea market, examining the performance of leading players from 2019 to 2023. The analysis offers critical information on market share dynamics, pinpointing dominant incumbents as well as rising challengers. Leveraging this data enables companies to refine their strategies, seize growth opportunities, and sustain competitive advantage in an increasingly dynamic market environment.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Hong Kong tea market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Hong Kong tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hong Kong tea market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewHong Kong tea market – product type analysis
Hong Kong tea market – packaging analysis
Hong Kong tea market – distribution channel analysis
Key players and market share
– Tsit Wing Coffee Co., Ltd.
– The Hain Celestial Group, Inc.
– Multipak Limited
– Lipton Teas and Infusions
– Kampery Development Limited
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Hong Kong tea market 2019-2029
Chart Hong Kong tea market, net growth, 2019-2029
Chart Hong Kong tea market, growth rates, 2019-2029
Table Hong Kong tea market by product type, 2019-2029
Chart Hong Kong tea market by product type, CAGR historic and forecast, 2019-2029
Chart Hong Kong tea market by product type, 2019-2029
Table Hong Kong tea market by packaging, 2019-2029
Chart Hong Kong tea market by packaging, CAGR historic and forecast, 2019-2029
Chart Hong Kong tea market by packaging, 2019-2029
Table Hong Kong tea market by distribution channel, 2019-2029
Chart Hong Kong tea market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Hong Kong tea market by distribution channel, 2019-2029
Table Hong Kong tea market share (%), by companies, 2019-2023
Chart Hong Kong tea market, by companies, 2023
Table Hong Kong tea market share (%), by brands, 2019-2023
Chart Hong Kong tea market, by brands, 2023
Table Hong Kong – population (millions) and forecast
Table Hong Kong – consumer price index (CPI) and forecast
Table Hong Kong – gross domestic product and forecast
Table Hong Kong tea market: spend as a proportion of GDP (%)
Table Hong Kong tea market: consumption per capita (population)