Tea - Singapore

  • Singapore
  • Revenue in the Tea segment amounts to US$773.90m in 2023. The market is expected to grow annually by 2.16% (CAGR 2023-2025).
  • In global comparison, most revenue is generated in China (US$111,800.00m in 2023).
  • In relation to total population figures, per person revenues of US$129.20 are generated in 2023.
  • By 2025, 84% of spending and 19% of volume consumption in the Tea segment will be attributable to out-of-home consumption (e.g., in bars and restaurants).
  • In the Tea segment, volume is expected to amount to 7.51m kg by 2025. The market for Tea segment is expected to show a volume growth of 0.2% in 2024.
  • The average volume per person in the Tea segment is expected to amount to 1.25kg in 2023.
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