Singapore Tea Market 2024

Description

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Market Overview

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According to the latest estimates, the tea market in Singapore is set to achieve an incremental growth of USD 8.6 million, accelerating at a CAGR of almost 3.4% during the forecast period 2024-2029. Consumers are increasingly prioritizing health and wellness, resulting in greater demand for green and herbal teas. Additionally, the premiumization trend, which underscores quality and unique flavors, is becoming more prominent.

The report provides a comprehensive overview of the Singapore tea industry, covering a study of the key players operating in the market. It includes an analysis of market segments and sub-segments, taking into consideration factors such as product type, packaging, and distribution channel. By examining these aspects, the report offers valuable insights into the potential of the tea industry. Moreover, the report presents statistical information, including market size, market share, growth rate, and forecasts specifically tailored to the tea industry. This data-driven analysis equips industry professionals with the necessary information to assess the current market landscape, make well-informed decisions, and identify growth opportunities within the sector.

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Market Segmentation

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

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

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Competitive Landscape

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The Singapore tea market is highly competitive. As of 2023, the major players in the Singapore tea market were Viz Branz Pte. Ltd., Teo Lian Yew Enterprise, Ten Ren Tea Co. Ltd., PT. SARI INCOFOOD CORPORATION, Odani Kokufun Co. Ltd., MJF Holdings Limited, Lipton Teas and Infusions, JDE Peet’s N.V., Ito En Ltd., Harada Tea Processing Co. Ltd., Gold Kili Trading Enterprise (Singapore) Pte. Ltd., BOH Plantations Sdn. Bhd., Associated British Foods plc.

The report is an indispensable tool for companies and organizations operating in the tea industry. It offers a comprehensive overview of the market, empowering industry executives, policy makers, academics, and analysts to make well-informed decisions. The report provides valuable insights and analysis, presenting a cohesive and detailed perspective on the tea market.

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Why Buy This Report?

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Provide statistical data or estimations for the Singapore tea market
Formulate regional strategies and determine strategic priorities based on local data analysis
Gain a comprehensive understanding of the tea market in Singapore
Identify promising investment opportunities by pinpointing growth sectors and emerging trends
Understand what the future of the tea market in Singapore looks like
Analyze the competitive landscape and identify the optimal timing for seizing opportunities

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Table of Contents

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TABLE OF CONTENTS
FIGURES AND TABLES
1. Scope and Methodology
1.1 Key Findings
1.2 Report Scope
1.3 Research Methodology
2. Market Overview
3. Singapore Tea Market – Product Type Analysis
3.1 Black tea
3.2 Fruit & herbal tea
3.3 Green tea
3.4 Instant tea
3.5 Others
4. Singapore Tea Market – Packaging Analysis
4.1 Flexible packaging
4.2 Paper containers
4.3 Others (glass, metal, etc.)
5. Singapore Tea Market – Distribution Channel Analysis
5.1 Convenience stores
5.2 Supermarkets and hypermarkets
5.3 Small grocery stores
5.4 E-commerce
5.5 Others
6. Company Profiles
6.1 Viz Branz Pte. Ltd.
6.2 Teo Lian Yew Enterprise
6.3 Ten Ren Tea Co., Ltd.
6.4 PT. SARI INCOFOOD CORPORATION
6.5 Odani Kokufun Co., Ltd.
6.6 MJF Holdings Limited
6.7 Lipton Teas and Infusions
6.8 JDE Peet’s N.V.
6.9 Ito En, Ltd.
6.10 Harada Tea Processing Co., Ltd.
6.11 Gold Kili Trading Enterprise (Singapore) Pte. Ltd.
6.12 BOH Plantations Sdn. Bhd.
6.13 Associated British Foods plc
DISCLAIMER

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Companies Mentioned

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Viz Branz Pte. Ltd.
Teo Lian Yew Enterprise
Ten Ren Tea Co., Ltd.
PT. SARI INCOFOOD CORPORATION
Odani Kokufun Co., Ltd.
MJF Holdings Limited
Lipton Teas and Infusions
JDE Peet’s N.V.
Ito En, Ltd.
Harada Tea Processing Co., Ltd.
Gold Kili Trading Enterprise (Singapore) Pte. Ltd.
BOH Plantations Sdn. Bhd.
Associated British Foods plc

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