Kenya Black Tea Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2025
Kenya black tea market is estimated to grow at a CAGR of 5.7% during the forecast period. Kenya is one of the major exporters of tea to the US. As per the United States Agency for International Development (USAID), in 2016, the US imported nearly $26 million in tea products from Kenya, which makes it the eleventh greatest importer to the US market. Kenya differentiates itself from other tea producing nations by handpicking more than 90% of its tea, which provides higher quality to their tea products.
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Kenya primarily exports black
tea, which is the most preferred kind of tea in the US. As per the Agriculture
and Food Authority (AFA), in November 2018, the emerging markets that recorded
higher tea imports from Kenya include Bangladesh, South Africa, Nigeria,
Turkey, Canada, Japan, and Germany. However, in African regions, including
Kenya, Somalia, and Ethiopia, there is a growing concern of drought, which will
impact the agricultural production and affects the pricing of agricultural
products, which in turn, may also restrict the market growth in Kenya.
Tea and tea-based drinks are
considered to be the most convenient hot drinks. Due to its easy availability
and accessibility in all food retail formats, RTD tea has been the most popular
format of flavoured tea and tea-based beverages in recent years. In recent
years, the increasing demand for on-the-go health drinks has boosted the market
prospects of the Kenya market for tea and tea-based drinks.
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Kenya Black Tea Market Segmentation
By Format
·
Ready-to-Drink
·
Loose Tea Powder
·
Tea Bags
By Nature
·
Organic
·
Conventional
Company Profiles
·
Associated British Foods PLC
·
Cargill, Inc.
·
Global Tea & Commodities, Ltd.
·
Kenya Tea Development Agency, Ltd.
·
Kenya Tea Packers (KETEPA), Ltd.
·
L A B International Kenya, Ltd.
·
Lutex, Ltd.
·
Nestlé S.A.
·
R.Twining and Co., Ltd.
·
Starbucks Corp.
·
Tata Global Beverages
·
Unilever Group
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