Sri Lanka Tea Market 2024

Description

The tea in Sri Lanka market size is projected to grow by USD 45.2 million from 2024 to 2029, registering a CAGR of 7.2 percent, according to the latest market data. Known for its health advantages, tea offers antioxidants, aids digestion, and may support weight loss, driving increased consumer interest and consumption. The extensive range of tea varieties – black, green, white, oolong, herbal, and flavored – caters to every taste, appealing to a wide audience. Tea’s association with relaxation and comfort makes it a popular choice for those seeking to unwind, cherished for its calming effects.

This report provides a thorough assessment of the Sri Lanka tea industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, packaging, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the tea industry.

Market Segmentation

The tea market in Sri Lanka is categorized into the following segments:
Product type: black tea, others
Packaging: flexible packaging, paper containers, others (glass, metal, etc.)
Distribution channel: supermarkets and hypermarkets, small grocery stores, others

The Sri Lanka tea market is segmented on the basis of product type, packaging, and distribution channel. Based on product type, the tea market in Sri Lanka is categorized into black tea, and others. On the basis of packaging, the tea market in Sri Lanka has been segmented into flexible packaging, paper containers, and others (glass, metal, etc.). By distribution channel, the tea market in Sri Lanka has been segmented into supermarkets and hypermarkets, small grocery stores, and others.

Competitive Landscape

The tea market is dominated by key players, which are Sunshine Holdings PLC, MJF Holdings Limited, Lipton Teas and Infusions.

This report provides a comprehensive analysis of the key players in the Sri Lanka tea market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Sri Lanka tea market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Sri Lanka tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Sri Lanka 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 overviewSri Lanka tea market – product type analysis
Sri Lanka tea market – packaging analysis
Sri Lanka tea market – distribution channel analysis
Key players and market share
– Sunshine Holdings PLC
– MJF Holdings Limited
– Lipton Teas and Infusions
Macroeconomic data and forecast
Disclaimer

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