South Korea Tea Market 2024

Description

The tea in South Korea market is expected to increase by USD 34.4 million, at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2029, according to the latest edition of the Tea Market in South Korea Report. Health and wellness trends among consumers are driving higher demand for green and herbal teas. The premiumization of tea, with a focus on exceptional quality and unique flavors, is another key trend.

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 tea market in South Korea 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, specialty stores, small grocery stores, e-commerce, others

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

Competitive Landscape

The South Korea tea market is highly competitive. Top players covered in South Korea Tea Market Study are Teazen Co. Ltd., Sempio Foods Company Ltd., Nokchawon Co. Ltd., Lipton Teas and Infusions, KT&G Corporation, Jardin Co. Ltd., Dong Suh Co. Ltd., DAMTUH Co. Ltd., Associated British Foods plc, Amorepacific Corporation.

The report offers a comprehensive review of the South Korea tea market, focusing on key players’ performance over the 2019-2023 period. The information highlights shifts in market share, identifying both established market leaders and emerging players. By utilizing this data, businesses can enhance their competitive positioning, refining their strategies to better navigate a competitive and evolving market landscape.

Why Buy This Report?

Obtain precise statistical data and forecasts for the South Korea tea market.
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.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSouth Korea tea market – product type analysis
South Korea tea market – packaging analysis
South Korea tea market – distribution channel analysis
Key players and market share
– Teazen Co., Ltd.
– Sempio Foods Company Ltd.
– Nokchawon Co., Ltd.
– Lipton Teas and Infusions
– KT&G Corporation
…
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)