Tea stands as the second most consumed beverage worldwide, second only to water, with a solid presence in markets across different continents. In 2023, the tea market in Latin America stood at USD 2,049 million. Recording a CAGR of 9.4% from 2024 to 2029, the worth is projected to reach ~USD 3,487 million by 2029, according to the latest market data.
The report delivers an in-depth analysis of the Latin America tea industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type, packaging, distribution channel, and country. By offering this detailed analysis, the report assists in uncovering the untapped potential of the tea market.
Market Segmentation
The following outlines the segmentation of the tea market in Latin America:
Product type: black tea, fruit & herbal tea, green 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
Country: Argentina, Brazil, Chile, Colombia, Mexico, others
The Latin America tea market is segmented on the basis of product type, packaging, distribution channel, and country. By product type, the tea market in Latin America has been segmented into black tea, fruit & herbal tea, green tea, and others. Based upon packaging, the tea market in Latin America is categorized into flexible packaging, paper containers, and others (glass, metal, etc.). On the basis of distribution channel, the tea market in Latin America has been segmented into convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, and others. In terms of geography, the tea market in Latin America has been also segmented into Argentina, Brazil, Chile, Colombia, Mexico, and others.
Competitive Landscape
The Latin America tea market is highly competitive. Some of the leading companies operating in the market are Agencias Benedicto Wong S.A., AGRICOLA HIMALAYA SA, Associated British Foods plc, CACHAMAI SAICFI, Cafes La Virginia S.A., Cambiaso Hnos S.A.C, CasaLuker S.A., Congrupo s.a., Corporacion Alimentaria Suiza S.A.C., Dr. August Oetker, Empacadora Therbal S.A. de C.V., Establecimiento Las Marias S.A.C.I.F.A, General Mills Inc., Grupo Nutresa S.A., HANSA Ltda., ICB S.A., INDUSTRIAS ALIMENTICIAS MARATA LTDA, INPROAL S.R.L., INSTITUTO BOTANICO LA SELVA S.R.L., J. LLORENTE Y CIA. S.A., JDE Peet’s N.V., Laboratorios Pharmamerican S.R.L., Lipton Teas and Infusions, Manzanilla La Pastora S.A. de C.V., Manza-Tede C.A.S.A., McCormick & Company, MJF Holdings Limited, PLANTAS MEDICINALES SAN IDELFONSO S.A. DE C.V., Royal Tea S.A. De C.V., SAROSO S.A., The Coca-Cola Company, The Hain Celestial Group Inc.
This report delivers an in-depth breakdown of key players within the Latin America tea market, outlining their performance from 2019 through 2023. The data reveals significant shifts in market share, highlighting both dominant players and emerging competitors. Armed with this information, businesses can sharpen their competitive edge, adjusting their strategies to navigate a shifting market landscape and positioning themselves for long-term growth.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Latin America tea market.
Gain deep insights into the dynamics of the Latin America tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latin America 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 overviewLatin America tea market – product type analysis
Latin America tea market – packaging analysis
Latin America tea market – distribution channel analysis
Latin America tea market – country analysis
Key players and market share
– Agencias Benedicto Wong, S.A.
– AGRICOLA HIMALAYA SA
– Associated British Foods plc
– CACHAMAI SAICFI
– Cafes La Virginia S.A.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Latin America tea market 2019-2029
Chart Latin America tea market, net growth, 2019-2029
Chart Latin America tea market, growth rates, 2019-2029
Table Latin America tea market by product type, 2019-2029
Chart Latin America tea market by product type, CAGR historic and forecast, 2019-2029
Chart Latin America tea market by product type, 2019-2029
Table Latin America tea market by packaging, 2019-2029
Chart Latin America tea market by packaging, CAGR historic and forecast, 2019-2029
Chart Latin America tea market by packaging, 2019-2029
Table Latin America tea market by distribution channel, 2019-2029
Chart Latin America tea market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Latin America tea market by distribution channel, 2019-2029
Table Latin America tea market by country, 2019-2029
Chart Latin America tea market by country, CAGR historic and forecast, 2019-2029
Chart Latin America tea market by country, 2019-2029
Table Latin America tea market share (%), by companies, 2019-2023
Chart Latin America tea market, by companies, 2023
Table Latin America tea market share (%), by brands, 2019-2023
Chart Latin America tea market, by brands, 2023
Table Latin America – population (millions) and forecast
Table Latin America – consumer price index (CPI) and forecast
Table Latin America – gross domestic product and forecast
Table Latin America tea market: spend as a proportion of GDP (%)
Table Latin America tea market: consumption per capita (population)