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Mexico Tea Market Size, Share, Growth, Analysis, Forecast: By Product Type: Black Tea, Green Tea, Oolong Tea, Others; By Packaging: Plastic Containers, Paper Boards, Tea Bags, Loose Tea, Aluminum Tin, Others; By Distribution Channel: Hypermarkets/Supermarkets, Convenience Stores, Online Channels, Others; Competitive Landscape; 2024-2032
Mexico Tea Market Outlook
The Mexico tea market size was valued at USD 77.64 million in 2023. The market is further projected to grow at a CAGR of 1.8% between 2024 and 2032, reaching a value of USD 91.31 million by 2032.
Key Takeaways
- In 2022, Mexico exported USD 1.99M in Tea, making it the 68th largest exporter of Tea in the world.
- As per industry reports, in 2022, Mexico imported USD 14.9M in tea, becoming the 73rd largest importer of Tea in the world.
- Leading companies such as DEKALB FARMERS MARKET INCO N (40) were at the forefront of shipping Tea from Mexico to the United States in 2023.
The green tea segment is expected to witness exponential growth during the forecast period due to a rise in awareness about health and fitness and an increase in the number of educated tea consumers. The black tea segment generates the highest revenue and is expected to remain dominant until 2032 due to the rising numbers of global tea drinkers and black tea's health benefits, including a high concentration of antioxidants and polyphenols.
By packaging, the market is fragmented into plastic containers, loose tea, paperboard, aluminium tins, and tea bags. The paperboard segment accounts for a large share in tea market in Mexico due to its eco-friendliness, biodegradability, and recyclability. They are usually treated, coated, laminated, or impregnated with materials such as waxes, resins, or lacquers to improve their functional and protection properties.
The residential segment is the largest consumer of tea in Mexico, accounting for a major share of the tea market. The demand for tea in this segment is driven by the health benefits associated with tea consumption, such as boosting metabolism, improving brain function, reducing the risk of cancer and heart disease, and promoting weight loss.
Additionally, Mexico exported USD 1.99M in Tea in 2022, making it the 68th largest exporter of Tea in the world, which indicates that the country has a significant tea industry. Mexico's tea exports can help to promote the country's tea industry and increase demand for Mexican tea, both domestically and internationally, propelling the Mexico tea market. Moreover, the revenue generated from tea exports can contribute to the Mexican economy, providing resources for further investment in the tea industry.
Market Segmentation
Mexico Tea Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Black Tea
- Green Tea
- Oolong Tea
- Others
Market Breakup by Packaging
- Plastic Containers
- Paper Boards
- Tea Bags
- Loose Tea
- Aluminum Tin
- Others
Market Breakup by Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Channels
- Others
Competitive Landscape
Market players are focused on providing premium quality of tea to consumers to stay ahead in the competition.
- Lipton Teas and Infusions
- Bigelow Tea
- R. Twining and Company Limited
- Traditional Medicinals & WorldPantry.com® LLC.
- Yogi Tea GmbH.
- Vahdam Teas Private Limited
- Ahmad Tea Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Packaging |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Tea Market Overview
8.1 Key Industry Highlights
8.2 Latin America Tea Historical Market (2018-2023)
8.3 Latin America Tea Market Forecast (2024-2032)
8.4 Latin America Tea Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Mexico Tea Market Overview
9.1 Key Industry Highlights
9.2 Mexico Tea Historical Market (2018-2023)
9.3 Mexico Tea Market Forecast (2024-2032)
10 Mexico Tea Market by Product Type
10.1 Black Tea
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Green Tea
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Oolong Tea
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Mexico Tea Market by Packaging
11.1 Plastic Containers
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Paper Boards
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Tea Bags
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Loose Tea
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Aluminum Tin
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Mexico Tea Market by Distribution Channel
12.1 Hypermarkets/Supermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Channels
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code: 0902)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Lipton Teas and Infusions
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Bigelow Tea
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 R. Twining and Company Limited
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Traditional Medicinals & WorldPantry.com® LLC.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Yogi Tea GmbH.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Vahdam Teas Private Limited
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Ahmad Tea Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Tea Market: Key Industry Highlights, 2018 and 2032
2. Mexico Tea Market: Key Industry Highlights, 2018 and 2032
3. Mexico Tea Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Mexico Tea Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Mexico Tea Historical Market: Breakup by Packaging (USD Million), 2018-2023
6. Mexico Tea Market Forecast: Breakup by Packaging (USD Million), 2024-2032
7. Mexico Tea Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Mexico Tea Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Mexico Tea Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 77.64 million.
The market is expected to grow at a CAGR of 1.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 91.31 million by 2032.
The market is being driven due to increasing demand for green tea, relaxation provided by herbal teas, and improving quality and taste of tea products.
Key trends aiding the market expansion include increasing availability of different tea products, rising branding and marketing campaigns, and easy accessibility through various channels.
Based on packaging, the market segmentations include plastic containers, paper boards, tea bags, loose tea, and aluminium tin, among others.
Black tea, green tea, and oolong tea are considered in the report.
Key players in the market are Lipton Teas and Infusions, Bigelow Tea, R. Twining and Company Limited, Traditional Medicinals & WorldPantry.com LLC, Yogi Tea GmbH, Vahdam Teas Private Limited, and Ahmad Tea Ltd, among others.
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