Projected incremental growth in the Hong Kong black tea market is set at USD 1.4 million, reflecting a compound annual growth rate (CAGR) of nearly 3.4% over the forecast period from 2024 to 2029. In Hong Kong, black tea consumption is influenced by both local traditions and Western influences. The region has a well-established tea-drinking culture, with black tea being an integral part of daily life, often enjoyed with dim sum or in the form of milk tea. The rise in demand for premium and organic black tea varieties, along with increasing interest in wellness and healthy living, is propelling the market. Additionally, Hong Kong’s status as an international trade hub ensures a constant influx of global tea brands, making high-quality black tea more accessible to a diverse consumer base.
This report presents key market data on the Hong Kong black tea market, including historical performance, growth trends, and future outlooks. It covers various market segments and sub-segments, focusing on important factors like product type, type and distribution channel.
Market Segmentation
The Hong Kong black tea market is categorized into the following segments:
Product type: loose leaf black tea, black tea bags
Type: organic black tea, regular black tea
Distribution channel: convenience stores, supermarkets and hypermarkets, grocery stores, bars & HoReCa, others
The Hong Kong market for black tea is divided based on product type, type and distribution channel. In terms of product type, the market is segmented into loose leaf black tea, and black tea bags. Type categories include organic black tea, and regular black tea. Distribution channel segments encompass convenience stores, supermarkets and hypermarkets, grocery stores, bars & HoReCa, and others.
Competitive Landscape
The competitive landscape of the black tea market has been analyzed, with a focus on key players such as Lipton Teas and Infusions, Kampery Development Limited and Associated British Foods plc. This comprehensive report analyzes the performance of leading companies in the black tea sector from 2019 to 2023. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Hong Kong black tea market.
Gain in-depth analysis and forecasts for the key segments of the Hong Kong black tea market: product type, type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hong Kong black tea market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Hong Kong Black Tea Market – Product Type Analysis
Hong Kong Black Tea Market – Type Analysis
Hong Kong Black Tea Market – Distribution Channel Analysis
Key Players and Market Share
– Lipton Teas and Infusions
– Kampery Development Limited
– Associated British Foods plc
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Hong Kong Black Tea Market 2019-2029
Chart Hong Kong Black Tea Market, Net Growth, 2019-2029
Chart Hong Kong Black Tea Market, Growth Rates, 2019-2029
Table Hong Kong Black Tea Market by Product Type, 2019-2029
Chart Hong Kong Black Tea Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Black Tea Market by Product Type, 2019-2029
Table Hong Kong Black Tea Market by Type, 2019-2029
Chart Hong Kong Black Tea Market by Type, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Black Tea Market by Type, 2019-2029
Table Hong Kong Black Tea Market by Distribution Channel, 2019-2029
Chart Hong Kong Black Tea Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Black Tea Market by Distribution Channel, 2019-2029
Table Hong Kong Black Tea Market Share (%), by Companies, 2019-2023
Chart Hong Kong Black Tea Market, by Companies, 2023
Table Hong Kong Black Tea Market Share (%), by Brands, 2019-2023
Chart Hong Kong Black Tea Market, by Brands, 2023
Table Hong Kong – Population (Millions) and Forecast
Table Hong Kong – Consumer Price Index (CPI) and Forecast
Table Hong Kong – Gross Domestic Product and Forecast
Table Hong Kong Black Tea Market: Spend as a Proportion of GDP (%)
Table Hong Kong Black Tea Market: Consumption per Capita (Population)
Companies Mentioned
Lipton Teas and Infusions
Kampery Development Limited
Associated British Foods plc