The Singapore RTD tea market is on track to grow from USD 659.9 million in 2023 to USD 1,041.4 million by 2029, with a projected CAGR of 7.9% across the forecast period. Singapore’s RTD tea market is thriving, driven by the country’s growing focus on health and wellness. Consumers are increasingly seeking low-calorie, sugar-free, and functional beverages, which positions RTD tea as a popular choice. Green tea and other health-oriented teas are particularly in demand due to their perceived health benefits such as improved digestion, antioxidant properties, and weight management. Moreover, the convenience of RTD tea, which fits well with Singapore’s fast-paced, urban lifestyle, has been a major factor in the segment’s expansion.
This report presents a detailed overview of the Singapore RTD tea industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type and distribution channel. This detailed analysis supports the identification of growth opportunities within the RTD tea industry.
Market Segmentation
The Singapore RTD tea market is structured as follows:
Product type: regular RTD tea, no/low-sugar RTD tea
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, grocery stores, vending, e-commerce, bars & HoReCa, others
The RTD tea market in Singapore is segmented across product type and distribution channel. Product type categories include regular RTD tea, and no/low-sugar RTD tea. Distribution channel segments consist of convenience stores, forecourt stores, supermarkets and hypermarkets, grocery stores, vending, e-commerce, bars & HoReCa, and others.
Competitive Landscape
The competitive landscape of the RTD tea market features leading companies such as Yeo Hiap Seng Limited, The Coca-Cola Company, Thai Beverage Public Company Limited, Sapporo Holdings Limited, Malaysia Dairy Industries Pvt. Ltd., JJ Drinks Manufacturing Pte Ltd and Ito En Ltd. The report provides a detailed assessment of prominent companies within the RTD tea market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Singapore RTD tea market.
Gain in-depth analysis and forecasts for the key segments of the Singapore RTD tea market: product type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Singapore RTD tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Singapore RTD 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
Singapore RTD Tea Market – Product Type Analysis
Singapore RTD Tea Market – Distribution Channel Analysis
Key Players and Market Share
– Yeo Hiap Seng Limited
– The Coca-Cola Company
– Thai Beverage Public Company Limited
– Sapporo Holdings Limited
– Malaysia Dairy Industries Pvt. Ltd.
– JJ Drinks Manufacturing Pte Ltd
– Ito En, Ltd.
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Singapore RTD Tea Market 2019-2029
Chart Singapore RTD Tea Market, Net Growth, 2019-2029
Chart Singapore RTD Tea Market, Growth Rates, 2019-2029
Table Singapore RTD Tea Market by Product Type, 2019-2029
Chart Singapore RTD Tea Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Singapore RTD Tea Market by Product Type, 2019-2029
Table Singapore RTD Tea Market by Distribution Channel, 2019-2029
Chart Singapore RTD Tea Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Singapore RTD Tea Market by Distribution Channel, 2019-2029
Table Singapore RTD Tea Market Share (%), by Companies, 2019-2023
Chart Singapore RTD Tea Market, by Companies, 2023
Table Singapore RTD Tea Market Share (%), by Brands, 2019-2023
Chart Singapore RTD Tea Market, by Brands, 2023
Table Singapore – Population (Millions) and Forecast
Table Singapore – Consumer Price Index (CPI) and Forecast
Table Singapore – Gross Domestic Product and Forecast
Table Singapore RTD Tea Market: Spend as a Proportion of GDP (%)
Table Singapore RTD Tea Market: Consumption per Capita (Population)
Companies Mentioned
Yeo Hiap Seng Limited
The Coca-Cola Company
Thai Beverage Public Company Limited
Sapporo Holdings Limited
Malaysia Dairy Industries Pvt. Ltd.
JJ Drinks Manufacturing Pte Ltd
Ito En, Ltd.