Market Overview:
The global high-end tea market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for premium tea products across the globe. Additionally, rising awareness about the health benefits associated with consumption of high-end tea is also propelling the growth of this market. On the basis of type, black tea accounted for a major share in 2017 and is projected to maintain its dominance during the forecast period as well. This can be attributed to its strong flavor and rich aroma that appeals to a large number of consumers globally. However, green tea is anticipated to witness highest growth rate over the forecast period on account of its numerous health benefits such as weight loss, improved mental alertness, and cancer prevention among others. Regionally, Asia Pacific held majority share in 2017 and is expected to continue its dominance during 2018-2030 owing to presence of key players in countries such as China.
Product Definition:
A high-end tea is a type of tea that is made with the best leaves and has been processed with great care. High-end teas are often more expensive than other types of tea, and they are considered to be some of the finest available. They are prized for their flavor, aroma, and appearance, and they can be enjoyed both hot and cold.
Black Tea:
Black tea is the most popular and premium type of tea produced from Camellia sinensis plant. It has higher antioxidant content as compared to other types of green and herbal teas. Antioxidants help in protecting cell from damage, thus helps in improving body function by enhancing ability to resist stress-related diseases such as cardiovascular disorders, hypertension, diabetes mellitus type II & III and cancer.
Green Tea:
Green tea is the fresh unprocessed leaves of Camellia sinensis plant. The color of green tea may vary from bright emerald to grassy depending on the degree of steaming and processing. Green tea has high antioxidant content which helps in preventing heart diseases, cancer, and diabetes among others. Antioxidants present in green tea help to minimize damage caused by free radicals in human body which is expected to boost its demand over the forecast period.
Application Insights:
The tea restaurant segment accounted for the largest share of over 50.0% in 2017. High-end tea is gaining popularity among foodies as it offers a unique blend of flavors and health benefits, which makes it an ideal beverage for restaurants as well as fine dines. The culture room or tearoom is another important application segment where people gather to have a chat and relax over cups of tea served in different ways such as black, green, white or herbal. These rooms are usually located at offices where employees can also use these rooms during breaks to unwind from work stress.
The other application segment includes retail stores offering high-end loose leaf teas that are sold by the gram instead of by the cup like normal blends; this type of product has a higher price tag than its normal counterparts due to its rare availability coupled with superior quality ingredients used in manufacturing process such as premium Assamica Camellia sinensis varietal that provides strong aroma.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well due to increasing demand for tea and its variants from countries such as China, Japan, India, Singapore, South Korea and Australia. In addition, growing popularity of high-end tea among consumers of these countries is anticipated to fuel industry growth over the next eight years.
North America accounted for a significant share in 2017 owing to growing consumer awareness regarding health benefits associated with different types of tea and their variants. Moreover, presence of key companies that are engaged in promoting specialty beverages including green tea will boost regional growth over the forecast period. Europe also contributed significantly towards market revenue generation in 2017 owing to rising demand for premium products from Germany and U.K.
Growth Factors:
- Increasing disposable income of the consumers: The high-end tea market is expected to grow at a CAGR of 6.5% during the forecast period, owing to the increasing disposable income of the consumers. This is because as people’s income increases, they shift towards premium and expensive products.
- Changing lifestyle and growing demand for healthy beverages: The changing lifestyle of people has led to an increase in demand for healthy beverages such as tea, which offer various health benefits. This is expected to drive the growth of the high-end tea market during the forecast period.
- Rising popularity of iced teas: Iced teas are becoming increasingly popular among all age groups due to their refreshing taste and health benefits. This is anticipated to boost growth prospects for the high-end tea market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
High-End Tea Market Research Report
By Type
Black Tea, Green Tea, White Tea, Green Tea, Scented Tea, Other
By Application
Tea Restaurant, Culture Tea Room, Business Hotel, Family, Other
By Companies
Harney & Sons, Dilmah, Twinings, Celestial Seasonings, TWG Tea, Chaitime, Girnar, HUNAN TEA GROUP, Tenfu Corporation, SICHUAN ZHUYEQING TEA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global High-End Tea Market Report Segments:
The global High-End Tea market is segmented on the basis of:
Types
Black Tea, Green Tea, White Tea, Green Tea, Scented Tea, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tea Restaurant, Culture Tea Room, Business Hotel, Family, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Harney & Sons
- Dilmah
- Twinings
- Celestial Seasonings
- TWG Tea
- Chaitime
- Girnar
- HUNAN TEA GROUP
- Tenfu Corporation
- SICHUAN ZHUYEQING TEA
Highlights of The High-End Tea Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Black Tea
- Green Tea
- White Tea
- Green Tea
- Scented Tea
- Other
- By Application:
- Tea Restaurant
- Culture Tea Room
- Business Hotel
- Family
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High-End Tea Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High-end tea is a type of tea that is typically more expensive than other types of tea. It may be made from higher quality leaves, and may also have a more complex flavor profile.
Some of the key players operating in the high-end tea market are Harney & Sons, Dilmah, Twinings, Celestial Seasonings, TWG Tea, Chaitime, Girnar, HUNAN TEA GROUP, Tenfu Corporation, SICHUAN ZHUYEQING TEA.
The high-end tea market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High-End Tea Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High-End Tea Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High-End Tea Market - Supply Chain
4.5. Global High-End Tea Market Forecast
4.5.1. High-End Tea Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High-End Tea Market Size (000 Units) and Y-o-Y Growth
4.5.3. High-End Tea Market Absolute $ Opportunity
5. Global High-End Tea Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High-End Tea Market Size and Volume Forecast by Type
5.3.1. Black Tea
5.3.2. Green Tea
5.3.3. White Tea
5.3.4. Green Tea
5.3.5. Scented Tea
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High-End Tea Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High-End Tea Market Size and Volume Forecast by Application
6.3.1. Tea Restaurant
6.3.2. Culture Tea Room
6.3.3. Business Hotel
6.3.4. Family
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High-End Tea Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High-End Tea Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High-End Tea Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High-End Tea Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High-End Tea Demand Share Forecast, 2019-2026
9. North America High-End Tea Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High-End Tea Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High-End Tea Market Size and Volume Forecast by Application
9.4.1. Tea Restaurant
9.4.2. Culture Tea Room
9.4.3. Business Hotel
9.4.4. Family
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High-End Tea Market Size and Volume Forecast by Type
9.7.1. Black Tea
9.7.2. Green Tea
9.7.3. White Tea
9.7.4. Green Tea
9.7.5. Scented Tea
9.7.6. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High-End Tea Demand Share Forecast, 2019-2026
10. Latin America High-End Tea Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High-End Tea Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High-End Tea Market Size and Volume Forecast by Application
10.4.1. Tea Restaurant
10.4.2. Culture Tea Room
10.4.3. Business Hotel
10.4.4. Family
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High-End Tea Market Size and Volume Forecast by Type
10.7.1. Black Tea
10.7.2. Green Tea
10.7.3. White Tea
10.7.4. Green Tea
10.7.5. Scented Tea
10.7.6. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High-End Tea Demand Share Forecast, 2019-2026
11. Europe High-End Tea Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High-End Tea Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High-End Tea Market Size and Volume Forecast by Application
11.4.1. Tea Restaurant
11.4.2. Culture Tea Room
11.4.3. Business Hotel
11.4.4. Family
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High-End Tea Market Size and Volume Forecast by Type
11.7.1. Black Tea
11.7.2. Green Tea
11.7.3. White Tea
11.7.4. Green Tea
11.7.5. Scented Tea
11.7.6. Other
11.8. Basis Point Share (BPS) Analyss by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High-End Tea Demand Share, 2019-2026
12. Asia Pacific High-End Tea Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High-End Tea Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High-End Tea Market Size and Volume Forecast by Application
12.4.1. Tea Restaurant
12.4.2. Culture Tea Room
12.4.3. Business Hotel
12.4.4. Family
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High-End Tea Market Size and Volume Forecast by Type
12.7.1. Black Tea
12.7.2. Green Tea
12.7.3. White Tea
12.7.4. Green Tea
12.7.5. Scented Tea
12.7.6. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High-End Tea Demand Share, 2019-2026
13. Middle East & Africa High-End Tea Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High-End Tea Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High-End Tea Market Size and Volume Forecast by Application
13.4.1. Tea Restaurant
13.4.2. Culture Tea Room
13.4.3. Business Hotel
13.4.4. Family
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High-End Tea Market Size and Volume Forecast by Type
13.7.1. Black Tea
13.7.2. Green Tea
13.7.3. White Tea
13.7.4. Green Tea
13.7.5. Scented Tea
13.7.6. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High-End Tea Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High-End Tea Market: Market Share Analysis
14.2. High-End Tea Distributors and Customers
14.3. High-End Tea Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Harney & Sons
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dilmah
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Twinings
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Celestial Seasonings
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TWG Tea
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chaitime
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Girnar
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HUNAN TEA GROUP
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tenfu Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SICHUAN ZHUYEQING TEA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
