Industry Background:
Oolong is one of the traditional Chinese tea. It’s made from the leaves of the plant named Camellia Sinensis plant. Tea is having different varieties and distinct flavors. The product is partially oxidized green tea which ranges from green and black tea. It carries several health benefits just like, boost metabolism, reduce stress apart from caffeine ingredient it contains several vitamins, minerals, amino acids, and other antioxidants.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Bigelow Tea Company (United States), Twinings Celyon Organic ltd (United Kingdom), Teas and Theas (China) ltd (Hong Kong), Sierra Tea (China), Arbor Teas (United States), Republic of Tea (United States), Dilmah (Sri Lanka), Townshed’s tea company (United States), The Hain Celetrial Group (United States) and Harney & Sons (United States) |
This growth is primarily driven by Rising Demand Due To Health Benefits, Increasing Consumers Spending More on Tea Beverage Product and High Consumption in Chinese Region.
Globally, a noticeable market trend is evident Growing Consumer Awareness towards the Healthy Diet
The Beverages sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Bigelow Tea Company (United States), Twinings Celyon Organic ltd (United Kingdom), Teas and Theas (China) ltd (Hong Kong), Sierra Tea (China), Arbor Teas (United States), Republic of Tea (United States), Dilmah (Sri Lanka), Townshed’s tea company (United States), The Hain Celetrial Group (United States) and Harney & Sons (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations.
On 26th Oct 2020 - The Republic of Tea, leading purveyor of premium teas and herbs, is pleased to announce the October 26 launch of The Mandalorian Tea Collection, featuring three limited-edition specialty tea blends in collaboration with Disney and Lucasfilm. The collection is inspired by The Mandalorian’s second season, now streaming exclusively on Disney+.
Regulatory Insights:
There are different International Standards for tea:, 1970’s - Tea Committee became ISO Working Group 8- ISO Technical Committee 34 Sub-committee 8 – Tea, 1977 - ISO 3720 Black tea standard, 8 testing methods to measure basic tea parameters, 1980 - ISO 1839 Sampling tea, 1980 - ISO 3103 Preparation of liquor for sensory analysis, 1982 - Glossary of terms and 1990 - Instant tea standard
Influencing Trend:
Growing Consumer Awareness towards the Healthy Diet, Increase of People Conscious of Health Factors and Escalating Of Lifestyle Standard of People with Rising of Purchasing Power
Market Growth Drivers:
Rising Demand Due To Health Benefits, Increasing Consumers Spending More on Tea Beverage Product and High Consumption in Chinese Region
Challenges:
Rivalry among Already Existing Companies
Restraints:
Availability of Substitute Product in the Market at Cheap Price
Opportunities:
Increasing Inclination towards Organic Food Products and Growing Self-Medication Due To the rising of the Internet and Social Media
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Oolong Tea Market
- Analysis about New Entrants in Oolong Tea Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Oolong Tea Study Sheds Light on
The Oolong Tea Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Oolong Tea industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Oolong Tea industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.