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Global Oolong Tea Market 2019-2023 | Increasing Influence of Online Retailing to Drive Growth | Technavio

January 9, 2019

LONDON--(BUSINESS WIRE)--Jan 9, 2019--The global oolong tea market research report by predicts the market to post a CAGR of more than 3% during the period 2019-2023.

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Technavio has published a new market research report on the global oolong tea market from 2019-2023. (Graphic: Business Wire)

A key driver for the global oolong tea market is the increasing accessibility and availability through organized retailing. Convenience products such as ready-to-drink oolong tea, oolong tea blends, and mixes are mainly sold by large and organized retailers and the vendors in the global oolong tea market distribute their products mostly through such retailers. The vendors depend heavily on large organized retailers such as supermarkets and hypermarkets owing to their wide presence and penetration. Hence, the global market is receiving a boost from the growing accessibility and availability of oolong tea through organized retailing.

As per Technavio, the increasing influence of online retailing will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time only:

Global oolong tea market: Increasing influence of online retailing

The growing internet penetration has helped e-commerce businesses expand around the world. Online retailing has provided vendors with new opportunities to increase sales, expand their geographic presence, and improve customer relationships and profitability. The rising interest and preference among consumers for online shopping owing to convenience has prompted many manufacturers and distributors to concentrate on sales through online channels.

“Online retailing assists in eliminating the middlemen and permits the vendors to interact directly with consumers. The online and e-commerce channels also support both business-to-business and business-to-consumer operations. Online retailing offers vendors the freedom to run from a central distribution hub or farm and eliminates the complex network of intermediaries. Therefore, it helps to streamline supply chain operations and improve efficiency and productivity,” says a senior research analyst at Technavio.

Global oolong tea market: Segmentation analysis

This oolong tea market analysis report segments the market by product (conventional oolong tea and organic oolong tea) and geography (the Americas, APAC, and EMEA).

The conventional oolong tea segment held the largest oolong tea market share in 2018, accounting for over 70% of the market. This product segment is expected to dominate the global market throughout the forecast period.

The APAC region led the market in 2018, followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2019-2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190108006188/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ONLINE RETAIL NATURAL RESOURCES AGRICULTURE RETAIL FOOD/BEVERAGE SUPERMARKET

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/09/2019 01:26 AM/DISC: 01/09/2019 01:26 AM

http://www.businesswire.com/news/home/20190108006188/en

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