The tea market in Vietnam is likely to register a CAGR of over 7.3% with an incremental growth of USD 195.6 million during the forecast period 2024-2029. Known for its health advantages, tea offers antioxidants, aids digestion, and may support weight loss, driving increased consumer interest and consumption. The extensive range of tea varieties – black, green, white, oolong, herbal, and flavored – caters to every taste, appealing to a wide audience. Tea’s association with relaxation and comfort makes it a popular choice for those seeking to unwind, cherished for its calming effects.
This report provides a thorough assessment of the Vietnam tea industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, packaging, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the tea industry.
Market Segmentation
The tea market in Vietnam is categorized into the following segments:
Product type: black tea, fruit & herbal tea, green tea, instant 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
The Vietnam tea market is segmented on the basis of product type, packaging, and distribution channel. By product type, the tea market in Vietnam has been segmented into black tea, fruit & herbal tea, green tea, instant tea, and others. Based upon packaging, the tea market in Vietnam is categorized into flexible packaging, paper containers, and others (glass, metal, etc.). On the basis of distribution channel, the tea market in Vietnam has been segmented into convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, and others.
Competitive Landscape
The Vietnam tea market is highly competitive. As of 2023, the major players in the Vietnam tea market were Vinh Tien Co. Ltd., Vietnam National Tea JSC, Tam Chau Tea & Coffee Co. Ltd., Nestle S.A., MJF Holdings Limited, Lipton Teas and Infusions, Hoang Long Tea Co. Ltd., Ecological Product JSC (ECO), Dai Gia Service Company & Trading Co. Ltd., Cautre Export Goods Processing Joint Stock Company.
This report provides a comprehensive analysis of the key players in the Vietnam tea market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Vietnam tea market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Vietnam tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Vietnam 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 overviewVietnam tea market – product type analysis
Vietnam tea market – packaging analysis
Vietnam tea market – distribution channel analysis
Key players and market share
– Vinh Tien Co., Ltd.
– Vietnam National Tea JSC
– Tam Chau Tea & Coffee Co., Ltd.
– Nestle S.A.
– MJF Holdings Limited
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Vietnam tea market 2019-2029
Chart Vietnam tea market, net growth, 2019-2029
Chart Vietnam tea market, growth rates, 2019-2029
Table Vietnam tea market by product type, 2019-2029
Chart Vietnam tea market by product type, CAGR historic and forecast, 2019-2029
Chart Vietnam tea market by product type, 2019-2029
Table Vietnam tea market by packaging, 2019-2029
Chart Vietnam tea market by packaging, CAGR historic and forecast, 2019-2029
Chart Vietnam tea market by packaging, 2019-2029
Table Vietnam tea market by distribution channel, 2019-2029
Chart Vietnam tea market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Vietnam tea market by distribution channel, 2019-2029
Table Vietnam tea market share (%), by companies, 2019-2023
Chart Vietnam tea market, by companies, 2023
Table Vietnam tea market share (%), by brands, 2019-2023
Chart Vietnam tea market, by brands, 2023
Table Vietnam – population (millions) and forecast
Table Vietnam – consumer price index (CPI) and forecast
Table Vietnam – gross domestic product and forecast
Table Vietnam tea market: spend as a proportion of GDP (%)
Table Vietnam tea market: consumption per capita (population)