Industry Analysis & Industry Trends
The Tea Production industry has rapidly increased its share of China's beverage market over the past decade, from 7.0% of total domestic beverage volume in 2000 to 26.0% in 2013. Over the past five years, industry revenue has been increasing at an annualized rate of 13.3% to an expected $19.5 billion in 2015. There are about 256 enterprises operating in the industry, with 67,961 workers.
Strong industry performance has been the result of increased consumer health consciousness and the rapid development of herbal tea beverages. This industry is focused on the large domestic market; exports contribute only 1.4% to total industry revenue. In addition, very little tea is imported into China. Imports account for just 0.9% of domestic demand.... purchase to read more
Industry Report - Starting a New Business Chapter
Production costs in the Tea Production industry are generally not high. Beverage manufacturing equipment only requires an investment of $50,000 to $60,000, while a packaging assembly line costs less than $40,000. The raw material costs are only about four cents per 500 millilitre bottle. However, with increasing competition within the industry, enterprises are constantly developing new products and changing packaging styles to attract more customers and gain market share. This requires continued investment and costs, which increases the barriers to entry to some extent.
On June 1, 2001, national tea production regulations were officially implemented. They encouraged the development of the industry by providing guidance for enterprises on product quality... purchase to read more