Singapore Tea Market 2024

Description

The tea market in Singapore is projected to rise by USD 8.6 million by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 3.4 percent during the forecast period. 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.

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

Competitive Landscape

The Singapore tea market is highly competitive. The leading players in the tea market include 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.

This report provides a thorough assessment of the Singapore 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 Singapore tea market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Singapore tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Singapore 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 overviewSingapore tea market – product type analysis
Singapore tea market – packaging analysis
Singapore tea market – distribution channel analysis
Key players and market share
– Viz Branz Pte. Ltd.
– Teo Lian Yew Enterprise
– Ten Ren Tea Co., Ltd.
– PT. SARI INCOFOOD CORPORATION
– Odani Kokufun Co., Ltd.
…
Macroeconomic data and forecast
Disclaimer

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