Herbal tea has a history of over 20 years while its market scale was less than CNY 1 billion in China before 2003. During 2003 to 2004, JDB group increased its investment in the publicity of herbal tea in red cans, which stimulated the explosive growth in the sales revenue of the herbal tea industry. According to the report, the CAGR of the sales revenue of the herbal tea market was over 50% in China from 2003 to 2011. The growth rate of the herbal tea market size slowed down exceeding CNY 50 billion while the CAGR remained about 20% in China from 2011 to 2015.
According to the report, the herbal tea industry is monopolistic in China. JDB and Wong Lo Kat accounted for about 80% of the market shares in the Chinese herbal tea market in 2015, while a fraction of the rest was occupied by other enterprises. The number of herbal tea manufacturers is hundreds nationwide, but major brands familiar to Chinese consumers are JDB and Wong Lo Kat. Therefore, the barriers to entry in this industry are relatively high for new entrants. The competition between JDB and Wong Lo Kat is intense with a series of legal disputes.
Key Topics Covered:
1 Relevant Concepts of Herbal Tea Industry
2 Analysis of Herbal Tea Industry in China, 2011-2015
3 Competition Status of Herbal Tea Manufacturing Industry in China, 2013-2015
4 Top 5 Herbal Tea Manufacturers in China, 2013-2015
5 Analysis on Cost of Raw Materials and Retail Prices in Herbal Tea Industry in China, 2013-2015
6 Prediction on Development of Herbal Tea Industry in China, 2016-2020
- Guangdong Denglao Herbal Tea Pharmaceutical Group Co., Ltd.
- Guangzhou Wanglaoji Pharmaceutical Company Limited
- Gunagzhou Wong Chun Loong Traditional Herbal Tea Co., Ltd.
- High Fashion International Limited
- JDB (China) Beverage Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/mktzsz/herbal_tea
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SOURCE Research and Markets