The revenue, combined in the 'Tea' segment of the hot drinks market in Nigeria was forecast to continuously increase between 2024 and 2029 by in total 4.7 billion U.S. dollars (+81.74 percent). After the ninth consecutive increasing year, the revenue, combined is estimated to reach 10.41 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue, combined of the 'Tea' segment of the hot drinks market was continuously increasing over the past years.
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 Market Insights. (August 29, 2024). Revenue in the tea segment of the hot drinks market Nigeria from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/forecasts/1437476/revenue-tea-hot-drinks-market-nigeria
Statista Market Insights. "Revenue in the tea segment of the hot drinks market Nigeria from 2019 to 2029 (in billion U.S. dollars)." Chart. August 29, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/forecasts/1437476/revenue-tea-hot-drinks-market-nigeria
Statista Market Insights. (2024). Revenue in the tea segment of the hot drinks market Nigeria from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/forecasts/1437476/revenue-tea-hot-drinks-market-nigeria
Statista Market Insights. "Revenue in The Tea Segment of The Hot Drinks Market Nigeria from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Aug 2024, https://www.statista.com/forecasts/1437476/revenue-tea-hot-drinks-market-nigeria
Statista Market Insights, Revenue in the tea segment of the hot drinks market Nigeria from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1437476/revenue-tea-hot-drinks-market-nigeria (last visited November 22, 2024)
Revenue in the tea segment of the hot drinks market Nigeria from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, August 29, 2024. [Online]. Available: https://www.statista.com/forecasts/1437476/revenue-tea-hot-drinks-market-nigeria