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Tea Capsule Global Market Report 2020-30: Covid 19 Growth and Change

Region:Global

Product Code:7508

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Published On

May 2020

Total pages

200 Table of Content

Market Overview
Scope Of The Report
Product covered
Table Of Content
Research Methodology
FAQs

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About the Report

Major players in the tea capsule market are Dualit Limited, Teespresso, Nestle Nespresso, Lipton, Corsini, Bonini S.r.l., and Red Espresso.

The global tea capsule market is expected to grow from USD 1.04 billion in 2019 to USD 1.06 billion in 2020 at a compound annual growth rate (CAGR) of 1.5%. The slow growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The market is then expected to grow and reach USD 1.42 billion in 2023 at CAGR of 10.24%.

The tea capsule market consists of sales of tea capsules and related services. Tea capsules are encapsulated tea leaves that contain ingredients similar to an ordinary cup of tea. Tea capsules offer convenience and comfort when making tea at home, in public places, or even when traveling.

Asia Pacific was the largest region in the tea capsules market in 2019. North America is expected to be the fastest growing region in the forecast period.

In March 2019, Nestle's special T brand partnered with Kusmi Tea to create a new range of specialty tea capsules. The collaboration of two companies aimed at expanding the company's product portfolio to serve the increasing demand for tea in the forthcoming years.

The tea capsules market covered in this report is segmented by product type into red tea capsules, oolong tea capsules, black tea capsules, yellow tea capsules, others. It is also segmented by distribution channel into hypermarkets & supermarkets, specialty stores, online stores, convenience stores, others and by application into residential, commercial.

High prices of tea capsules are projected to hinder the growth of the market. In addition to this, changing consumer preferences towards healthy options in hot beverages such as almond & maple hot chocolate, warm spiced coconut-almond milk, hot lemon water, apple cider with cinnamon, and others are likely to hamper the demand for tea capsules in the forecast period. Additionally, the rising price of tea is anticipated to have an adverse effect on the tea demand including powder tea and capsule tea. According to Trade Economics, the price of tea increased to USD 2.61 per kg in December 2019 up from USD 2.48 per kg in December 2018.

The players engaged in the manufacturing and selling of tea capsules are adopting various strategies such as mergers & acquisitions, new product launch, and plant capacity expansion in order to maintain their position in the competitive business environment. For instance, in March 2019, Nestle's premium capsule tea system Special.T partnered with Kusmi Tea, a Paris-based tea brand to launch a new range of jointly created tea capsules in Europe and other markets. This scenario of launching new products by the companies is anticipated to attract new customers for the tea capsules market, resulting in increased tea capsules market revenue.

Increasing consumption of tea is predicted to boost the demand for tea capsules market over the forecast period. According to the International Institute of Sustainable Development (IISD), tea has become the second most popular beverage after tea, with 3 billion cups consumed every day across the globe. In 2017, the total tea production accounted for 5.98 million tons worldwide. Furthermore, according to the Global Dubai Tea Forum, per capita consumption of tea is projected to increase from 35.2 liters in 2017 to 37.7 liters by the end of 2021. The growing per capita consumption is likely to propel the demand for tea capsules in the near future.

Scope of the Report

Products

1) By Product Type: Red Tea Capsules; Oolong Tea Capsules; Black Tea Capsules; Yellow Tea Capsules; Others 2) By Distribution Channel: Hypermarkets & Supermarkets; Specialty Stores; Online Stroes; Convenience Stores; Others 3) By Application: Residential; Commercial

Companies

Dualit Limited; Teespresso; Nestle Nespresso; Lipton; Corsini; Bonini S.r.l.; Red Espresso USA

1. Executive Summary

2. Tea Capsule Market Characteristics

3. Tea Capsule Market Size And Growth

3.1. Global Tea Capsule Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Tea Capsule Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Tea Capsule Market Segmentation

4.1. Global Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Red Tea Capsules

Oolong Tea Capsules

Black Tea Capsules

Yellow Tea Capsules

Others

4.2. Global Tea Capsule Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Hypermarkets & Supermarkets

Specialty Stores

Online Stroes

Convenience Stores

Others

4.3. Global Tea Capsule Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Residential

Commercial

5. Tea Capsule Market Regional And Country Analysis

5.1. Global Tea Capsule Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Tea Capsule Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Tea Capsule Market

6.1. Asia-Pacific Tea Capsule Market Overview

6.2. Asia-Pacific Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Tea Capsule Market

7.1. China Tea Capsule Market Overview

7.2. China Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Tea Capsule Market

8.1. India Tea Capsule Market Overview

8.2. India Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Tea Capsule Market

9.1. Japan Tea Capsule Market Overview

9.2. Japan Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Tea Capsule Market

10.1. Australia Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Tea Capsule Market

11.1. Indonesia Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Tea Capsule Market

12.1. South Korea Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Tea Capsule Market

13.1. Western Europe Tea Capsule Market Overview

13.2. Western Europe Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Tea Capsule Market

14.1. UK Tea Capsule Market Overview

14.2. UK Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Tea Capsule Market

15.1. Germany Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Tea Capsule Market

16.3. France Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Tea Capsule Market

17.1. Eastern Europe Tea Capsule Market Overview

17.2. Eastern Europe Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Tea Capsule Market

18.1. Russia Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Tea Capsule Market

19.1. North America Tea Capsule Market Overview

19.2. North America Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Tea Capsule Market

20.1. USA Tea Capsule Market Overview

20.2. USA Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Tea Capsule Market

21.1. South America Tea Capsule Market Overview

21.2. South America Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Tea Capsule Market

22.1. Brazil Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Tea Capsule Market

23.1. Middle East Tea Capsule Market Overview

23.2. Middle East Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Tea Capsule Market

24.1. Africa Tea Capsule Market Overview

24.2. Africa Tea Capsule Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Tea Capsule Market Competitive Landscape And Company Profiles

25.1. Tea Capsule Market Competitive Landscape

25.2. Tea Capsule Market Company Profiles

25.2.1. Dualit Limited

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Teespresso

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Nestle Nespresso

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Lipton

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Corsini

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Tea Capsule Market

27. Tea Capsule Market Trends And Strategies

28. Tea Capsule Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

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