South Korea Tea Market 2024

Description

The South Korea tea market is poised for gradual expansion, anticipated to grow by USD 50.2 million with a compound annual growth rate (CAGR) of around 2.7% throughout the 2024 to 2029 forecast period. South Korea’s tea market is propelled by a deep cultural connection to green tea and increasing interest in wellness-oriented beverages. Specialty teas, such as matcha and herbal infusions, are gaining traction among urbanites. The integration of tea into skincare and food products highlights innovative market trends.

The report provides a comprehensive analysis of the South Korea tea industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type, packaging and distribution channel. The insights gained from this evaluation help reveal the growth potential within the tea sector.

Market Segmentation

The segmentation of the South Korea tea market is outlined below:
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, food & drinks stores, grocery stores, foodservice channels, e-commerce, others

The tea market in South Korea is segmented across product type, packaging and distribution channel. By product type, the market is categorized into black tea, fruit & herbal tea, green tea, instant tea, and others. Packaging categories include flexible packaging, paper containers, and others (glass, metal, etc.). Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, food & drinks stores, grocery stores, foodservice channels, e-commerce, and others.

Competitive Landscape

The tea market is characterized by dominance from key players such as DAMTUH Co. Ltd., KT&G Corporation, Dong Suh Co. Ltd., Nokchawon Co. Ltd., Amorepacific Corporation, Lipton Teas and Infusions, Jardin Co. Ltd., Sempio Foods Company Ltd., Teazen Co. Ltd. and Ahmad Tea Ltd.

This report presents an extensive analysis of major entities in the 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 tea market.
Gain in-depth analysis and forecasts for the key segments of the South Korea tea market: product type, packaging and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea tea market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.

Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Korea Tea Market – Product Type Analysis
South Korea Tea Market – Packaging Analysis
South Korea Tea Market – Distribution Channel Analysis
Key Players and Market Share
– DAMTUH Co., Ltd.
– KT&G Corporation
– Dong Suh Co., Ltd.
– Nokchawon Co., Ltd.
– Amorepacific Corporation
– Lipton Teas and Infusions
– Jardin Co., Ltd.
– Sempio Foods Company Ltd.
– Teazen Co., Ltd.
…
Macroeconomic Data and Forecast
Disclaimer

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

Companies Mentioned

DAMTUH Co., Ltd.
KT&G Corporation
Dong Suh Co., Ltd.
Nokchawon Co., Ltd.
Amorepacific Corporation
Lipton Teas and Infusions
Jardin Co., Ltd.
Sempio Foods Company Ltd.
Teazen Co., Ltd.
Ahmad Tea Ltd.