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South Korea Tea Market Share, Size, Growth, Trends, Analysis, Forecast: By Type: Green Tea, Oolang Tea, Black Tea, Fruit/ Herbal Tea, Others; By Packaging: Tea Bags, Plastic Containers, Loose Tea, Paperboards, Aluminium Tins; By Distribution Channels: Supermarkets/ Hypermarkets, Convenience Store, Others; Competitive Landscape; 2023-2028

South Korea Tea Market Outlook

The South Korea tea market size reached a value of more than USD 332 million in 2022. The South Korea tea industry is expected to grow at a CAGR of 4.5% between 2023 and 2028, reaching a value of USD 422 million by 2028.

 

Key Trends in the South Korea Tea Market

A beverage prepared from the Camellia sinensis plant is called tea (as opposed to herbal "teas" which are infusions made from plants that have nothing to do with Camellia sinensis). After water, tea is the most popular beverage worldwide. Tea drinking dates back to roughly 5000 years in China, according to archaeological data. Tea is not just a beverage but also an age-old custom that is particular to each culture, playing a key role in many nations. Though the exact location of the plant's first growth is unknown, it is thought that tea originated in northeast India, northern Myanmar (Burma), and southwest China.

 

Starbucks Expanding the Tea Business with its Brand Teavana in the Tea Industry of South Korea

The global industry leader Starbucks  entered the Korean premium tea market by bringing its Teavana brand to South Korea with the tagline "tea reimagined." Teavana is more prevalent in South Korea than in any other country outside of the US, with 103 new licensed outlets opening in 2019. Particularly matcha tea, green tea is being used in inventive new ways. Everything uses finely ground tea powder, including drinks, snacks, and a decorative overlay of green powder on cakes and cream pastries. Starbucks has introduced two limited edition matcha beverages to its menu, sourcing the ingredients from southern Jeju. The tea segment at Starbucks continues to develop steadily in Korea, aiding the development of the South Korea tea market.

 

The rise of grab-and-go tea options, as well as a growing preference for organic and healthy beverages, are Positively Impacting the growth of the Tea Market in South Korea

Growing customer preference for tea over aerated beverages, particularly among consumers who are health concerned, is a key driver driving the market's expansion. Tea is a great beverage for customers of all ages due to its low caffeine concentration and high antioxidant value. Food and beverage businesses have started using the "cold brew" method for tea or tea drinks made with premium tea leaves as a result of the expansion of South Korea's tea sector. Convenience stores have also expanded their selection of bottled tea beverage grab-and-go items. Rising product demand is anticipated to promote market innovation.

 

It is projected that the introduction of new tea tastes including organic tea, white tea, green tea, chamomile tea, fruit tea, and others would provide fantastic development potential in the industry. For instance, chamomile tea, which is made from flowers, has several health advantages, including bettering heart health, digestion, blood sugar control, and sleep quality. Such health benefits aid the growth of the South Korea tea market.

 

The Growing Celebrities Influence Aid Sales, Engagement and Creating Buzz in the Market

The influence of celebrities is quite high among the general public. In 2021, the sales of TEAZEN Kombucha tea rose by 500% in March when the member of the world’s biggest boyband member, BTS Jungkook, also known as "the King of Sold Out," was seen drinking the tea on Vlive. Moreover, in 2022, Moonbyul, a member of the girl group Mamamoo, was appointed as the ambassador of "The Greatea Kombucha" due to her healthy and bubbly, joyful image. This celebrity marketing encourages fans to try out the products and services and improves the credibility and visibility of their products or services in the market, which further aids market growth. Koreans are willing to spend on premium tea products because of their rising disposable income and high living standards, which augment the growth of the tea industry in South Korea. 

 

Market Analysis

Based on type, the South Korea tea market is segmented into green tea, oolang tea, black tea, and  fruit/herbal tea, among others. Based on packaging, the tea market of South Korea is divided into tea bags, plastics containers, loosee tea, paperboards, and aluminium tins. On the basis of distribution channels, the South Korea tea market can be bifurcated into supermarkets/ hypermarkets, convenience stores, specialty stores, and online stores, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea tea market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

 

  • Osulloc Co., Ltd.
  • Nokchawon Co. Ltd.
  • Kwangdong pharmaceutical co., ltd.
  • Dong Suh Co., Ltd
  • Ssanggye Myung Tea Co., Ltd
  • Lotte Chilsung Beverage Co.,Ltd
  • Others

 

Market Share by Type

The most popular product categories among Korean consumers are green, tea, black tea, and fruit/ herbal tea. Due to its antioxidant benefits, green tea is becoming more popular among elderly people, pregnant women, and health-conscious population of South Korea. Green and herbal teas, such as chamomile and jasmine, are also frequently used as a treatment for clear skin and strong hair, driving up demand for the product. Oolong tea, a blend of black and green tea, has been shown to be useful in avoiding type 2 diabetes and high blood cholesterol levels. The item is quite well-liked in the country due to the fact that they contain very less amount of caffeine and have a high antioxidant content. Moreover, growing customer preference for tea over aerated beverages, particularly among consumers who are health concerned, is a key driver driving the tea market's expansion in South Korea.

 

Market Share by Packaging

Growing consumer demand for eco-friendly packaging options is fueling the expansion of the South Korea tea industry. Growing demand for soothing and aromatic beverages is propelling the growth of the South Korea tea industry. Some significant factors influencing market expansion include increased globalisation, awareness regarding health benefits, rising demand for lifestyle goods, and rising disposable income. As the market is expected to see more packaging innovation because of increasing competition and high demand, the market is anticipated to flourish further during the forecast period.

 

Market Share by Distribution Channels

The advent of e-commerce platforms and online apps, together with discounts and convenient product delivery, has had a favourable influence on the South Korea tea market supply chain. The category of speciality retailers is also anticipated to have substantial expansion in the ensuing years. Speciality stores offer a wide selection of branded teas for the convenience of customers as a result of the growing market share of brands that sell premium and organic goods. Temporary social distancing and lockdown measures resulted in import-export restrictions during the coronavirus pandemic. It had a severe impact on several industries, including the tea market. The tea industry in South Korea is expected to grow in the coming years due to the growing popularity of cafes and lounges that serve a wide range of tea varieties. 

 

Competitive Landscape

Dongsuh Companies Inc.- Food and beverages are imported, manufactured, processed, marketed, and distributed by Dongsuh Companies Inc. Additionally, in cooperation with Kraft Foods Inc., the business manufactures ceramic goods such as oil and food containers as well as packaging materials. The tea division of Dongsuh Companies Inc. was established in 2004, and the company's headquarters are in Seoul, South Korea. The company is equipped with excellent production and packaging facilities to deliver premium tea products to the market.

 

Nokchawon Co. Ltd.- In an effort to spread tea culture throughout Korea, Nokchawon was established in 1992. Nokchawon has established itself as Korea's first producer, marketer, and exporter of tea, inspired by a sincere enthusiasm for the beverage. Nokcha, which means "Green Tea" in its original form, represents nature. The words "Green Tea" and "One" combined stand for the very finest and unity. Beginning with green tea, creators quickly expanded their selection to include both contemporary and traditional teas as well as other made-to-order goods. The company's objective is to offer our clients throughout the world products of the finest quality.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Packaging
  • Distribution Channels
Breakup by Type
  • Green Tea
  • Oolang Tea
  • Black Tea
  • Fruit/ Herbal Tea
  • Others
Breakup by Packaging
  • Tea Bags
  • Plastic Containers
  • Loose Tea
  • Paperboards
  • Aluminium Tins
Breakup by Distribution Channels
  • Supermarkets/ Hypermarkets
  • Convenience Store
  • Specialty Stores
  • Online Stores
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Osulloc Co. , Ltd.
  • Nokchawon Co. Ltd.
  • Kwangdong pharmaceutical co., ltd.
  • Dong Suh Co., Ltd
  • Ssanggye Myung Tea Co., Ltd
  • Lotte Chilsung Beverage Co.,Ltd.
  • Others

 

*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 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    South Korea Tea Market Analysis

    8.1    Key Industry Highlights
    8.2    South Korea Tea Historical Market (2018-2022) 
    8.3    South Korea Tea Market Forecast (2023-2028)
    8.4    South Korea Tea Market by Type
        8.4.1    Green Tea
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Oolang Tea
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Black Tea
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Fruit/ Herbal Tea
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Others
    8.5    South Korea Tea Market by Packaging 
        8.5.1    Tea Bags
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Plastic Containers
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Loose Tea
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Paperboards
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Aluminium Tins
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
    8.6    South Korea Tea Market by Distribution Channels
        8.6.1    Supermarkets/ Hypermarkets 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Convenience Store
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Specialty Stores
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Online Stores
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Others
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    Key Indicators for Demand
    9.4    Key Indicators for Price
10    Value Chain Analysis
11    Trade Data Analysis

    11.1    Major Exporting Countries
        11.1.1    By Value
        11.1.2    By Volume
    11.2    Major Importing Countries
        11.2.1    By Value
        11.2.2    By Volume 
12    Price Analysis 
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Osulloc Co. , Ltd.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Nokchawon Co. Ltd.
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Kwangdong pharmaceutical co., ltd.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Dong Suh Co., Ltd
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Ssanggye Myung Tea Co., Ltd
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Lotte Chilsung Beverage Co.,Ltd.
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Others
14    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    South Korea Tea Market: Key Industry Highlights, 2018 and 2028
2.    South Korea Tea Historical Market: Breakup by Type (USD Million), 2018-2022
3.    South Korea Tea Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    South Korea Tea Historical Market: Breakup by Packaging (USD Million), 2018-2022
5.    South Korea Tea Market Forecast: Breakup by Packaging (USD Million), 2023-2028
6.    South Korea Tea Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
7.    South Korea Tea Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
8.    Major Exporting Countries by Value
9.    Major Importing Countries by Value
10.    Major Exporting Countries by Volume
11.    Major Importing Countries by Volume
12.    South Korea Tea Market Structure

Key Questions Answered in the Report

In 2022, the South Korea tea market attained a value of nearly USD 332 million.

The market is projected to grow at a CAGR of 4.5% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 422 million by 2028.

Celebrity marketing, preference for premium teas, high disposable income, high standard of living, and expansion of tea varieties by brands are the major drivers of the tea market in South Korea tea market.

The rise of grab and go tea options, high demand for organic tea, and health benefits are the key trends of the market.

The dominant types of tea in the industry are green tea, oolang tea, black tea, and fruit/herbal tea, among others.

The leading distribution channels in the market are supermarkets/ hypermarkets, convenience stores, specialty stores, and online stores, among others.

The major players in the industry are Osulloc Co., Ltd., Nokchawon Co. Ltd., Kwangdong pharmaceutical co., ltd., Dong Suh Co., Ltd, Ssanggye Myung Tea Co., Ltd, and Lotte Chilsung Beverage Co.,Ltd, among others.

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