Industry Analysis & Industry Trends
Strong demand and the rapid premiumisation of tea and coffee products has driven revenue growth in the Tea and Coffee Manufacturing industry over the past five years. Industry revenue is forecast to rise by an annualised 3.6% over the five years through 2014-15 to total $2.2 billion. Australia's tea and coffee culture has supported demand for industry products over the past five years, with particularly strong growth for products at higher pricepoints. Manufacturers across the industry have worked to meet consumer demand by offering a raft of new premium products, in an effort to attract premium prices. This trend is expected to continue over the next five years. However, strong competition within the industry is expected to limit growth, with industry revenue growing by just 1.5%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry displays a medium level of market share concentration, with the four largest companies estimated to account for 47.8% of revenue in 2014-15. Market share concentration has decreased over the past five years due to fragmentation within the industry. Aside from the industry's major players, a large number of smaller firms service niche and local markets, particularly in the coffee beans and grounds, and loose-leaf tea product segments, especially with the rising popularity of specialty blends and exotic tea flavours.
Over the past five years, a greater number of smaller companies have sought to produce tea and coffee for niche markets... purchase to read more