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Tea Production in China Industry Data and Analysis
Industry revenue is expected to increase at an annualized 10.2% over the five years through 2024, to total $26.4 billion. This trend includes an anticipated growth of 8.2% in 2024. Approximately 302 enterprises operate in the industry, employing about 83,509 workers.Increasing consumer health consciousness and the rapid development of herbal tea beverages have steadily bolstered the industry's performance. Additionally, many ready-to-drink teas have become popular among younger demographics. The industry is focused on the domestic market and exports therefore only contribute an estimated 0.7% of industry revenue. Additionally, little tea is imported into China. Imports account for less than 0.1% of domestic demand in 2024.COVID-19 epidemic has resulted in weaker demand in 2020 and 2022. In early 2020, people were advised to stay at home and keep social distance to avoid further spread of COVID-19. Demand for tea beverages from catering industries has decreased, resulting in a slower increase of 1.3% in industry revenue. In 2022, the COVID-19 situation in China has further aggravated, and the Chinese Government took more stringent measures to prevent the spread of the epidemic. Industry revenue grew by 5.2% in the year.In China, many brands compete in the tea beverage market. The Master Kong, Nongfu Spring and Suntory brands are industry leaders due to their dominant positions across many product segments. Their market shares have increased over the past five years as their brands have gained popularity. Many well-known foreign beverage manufacturers have also entered the Chinese market. However, the market still has opportunities for new entrants that can find niche markets. Research and development for tea beverage products is rapidly developing, and new products have the potential to access new markets and consumer groups.As consumer drinking habits change, the industry is forecast to grow at an annualized 7.5% over the five years through 2029, to total $37.8 billion. Although tea beverages will remain the industry's leading product, companies are projected to increasingly individualize and specialize their products.
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What's included in this industry analysis
IBISWorld's research coverage on the Tea Production industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released May 2024.
About this industry
What's this industry report about?
The Tea Production industry in China operates under the industry code 1539. The industry produces various types of tea beverages, including black, green, oolong and flower tea, and other soft beverages such as energy drinks, fruit tea and carbonated tea. Tea beverage manufacturers use liquid tea as a base and add sweeteners, colors and preservatives, and blend these ingredients into soft drinks. Tea beverages are then bottled in plastic or carton, or canned in aluminum. Related terms covered in the Tea Production industry in China include green tea, black tea and oolong tea.
What's included in this industry?
Products and services covered in Tea Production industry in China include Tea beverages, Energy drinks and Fruit tea and other soft beverages .
What companies are included in this industry?
Companies covered in the Tea Production industry in China include Tingyi (Cayman Islands) Holding Corp., Nongfu Spring Co., Ltd. and Eastroc Beverage (Group) Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Tea Production industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Tea Production industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Tea Production industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Tea Production industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Tea Production industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Tea Production industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Tea Production industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Tea Production industry in China.
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Frequently Asked Questions
What is the market size of the Tea Production industry in China in 2026?
The market size of the Tea Production industry in China is $26.4bn in 2026.
How many businesses are there in the Tea Production industry in China in 2024?
There are 302 businesses in the Tea Production industry in China, which has grown at a CAGR of 1.2 % between 2019 and 2024.
How may import tariffs affect the Tea Production industry in China?
The Tea Production industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Tea Production industry in China?
The Tea Production industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Tea Production industry in China grown or declined over the past 5 years?
The market size of the Tea Production industry in China has been growing at a CAGR of 10.2 % between 2019 and 2024.
What is the forecast growth of the Tea Production industry in China over the next 5 years?
Over the next five years, the Tea Production industry in China is expected to grow.
What are the biggest companies in the Tea Production industry in China?
The biggest companies operating in the Tea Production industry in China are Tingyi (Cayman Islands) Holding Corp., Nongfu Spring Co., Ltd. and Eastroc Beverage (Group) Co., Ltd.
What does the Tea Production industry in China include?
Tea beverages and Energy drinks are part of the Tea Production industry in China.
Which companies have the highest market share in the Tea Production industry in China?
The company holding the most market share in the Tea Production industry in China is Tingyi (Cayman Islands) Holding Corp..
How competitive is the Tea Production industry in China?
The level of competition is high and increasing in the Tea Production industry in China.
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