The revenue, combined in the 'Tea' segment of the hot drinks market in China was forecast to continuously increase between 2024 and 2029 by in total 22.9 billion U.S. dollars (+20.75 percent). After the ninth consecutive increasing year, the revenue, combined is estimated to reach 133.24 billion U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Tea market consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. Not included are herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Ready-to-Drink variants are instead shown in the corresponding segment in the Non-Alcoholic Drinks market.
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per kilogram , as well as sales channels. Per capita figures refer to a country’s or region’s whole population.
At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. In the out-of-home market, the price always refers to the price per kilogram of the beverage consumed, regardless of other components in the finished beverage. Combined numbers encompass both the at-home market and the out-of-home market. All prices are valued at retail selling prices, including all sales and consumption taxes.
Key players include Unilever (Lipton), Associated British Foods (Twinings), and Tata Global Beverages (Tetley).
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Statista. (August 29, 2024). Revenue of the tea market in China from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1300197/china-revenue-of-tea-market
Statista. "Revenue of the tea market in China from 2019 to 2029 (in billion U.S. dollars)." Chart. August 29, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1300197/china-revenue-of-tea-market
Statista. (2024). Revenue of the tea market in China from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1300197/china-revenue-of-tea-market
Statista. "Revenue of The Tea Market in China from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Aug 2024, https://www.statista.com/forecasts/1300197/china-revenue-of-tea-market
Statista, Revenue of the tea market in China from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1300197/china-revenue-of-tea-market (last visited November 21, 2024)
Revenue of the tea market in China from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista, August 29, 2024. [Online]. Available: https://www.statista.com/forecasts/1300197/china-revenue-of-tea-market