Fast Market Research

New Market Study, "Tea in Belarus", Has Been Published

Recently published research from Euromonitor International, "Tea in Belarus", is now available at Fast Market Research

 
Repost This

Boston, MA -- (SBWIRE) -- 06/11/2014 -- The tea market, like coffee, is heavily dependent on imports, with the fallout from the economic crisis and currency devaluation of 2011, tea growth was stymied. Although total volume sales of tea continue to increase in 2013, they are yet to reach the level seen prior to the financial crisis in 2008. Thanks to lower inflation in both 2012 and 2013 and widespread discounting, the rate of growth increased to 4% in both years, in volume terms. Inflation in Belarus, remains comparatively high in 2013, which caused current value sales to grow by 34%, similar to growth in 2012.

Competitive Landscape

In 2013, Orimi Trade remained the clear leader in tea, with a value share of 29% of the market. Offering a broad assortment of product types and flavour variants under its widely distributed Greenfield, Princess and Tess brands, the company held leading positions in black tea and green tea, and claimed second place in fruit/herbal tea. The company's tea portfolio covers all the main price points: Greenfield competes at the higher end of the mid-price segment, while Tess and Princess are from mid-price and economy segments espectively.

View Full Report Details and Table of Contents

Industry Prospects

Price will remain a key platform for competition in tea over the forecast period, with the effects of the 2011 crisis will continue to be felt for some time in the beginning of the forecast period. In addition to running price-based promotions, companies will offer consumers better value for money by introducing new brands, more economical pack sizes and cheaper packaging formats. The health and wellness trend is also expected to have a major influence on new product development. This is likely to lead to greater segmentation, with companies expected to introduce new products that claim to offer specific benefits for different age groups, consumers with certain types of lifestyles or health conditions. Greater segmentation will also see manufacturers introduce new products for different times of the day; for example, refreshing teas for the morning and relaxing teas for the evening. Moreover, with consumers becoming increasingly busy in Belarus, tea producers are expected to launch new products and packaging formats that offer greater convenience.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Tea industry in Belarus with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Tea industry in Belarus, our research will save you time and money while empowering you to make informed, profitable decisions.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Beverages research reports at Fast Market Research

You may also be interested in these related reports:

- Hot Tea Market in Austria to 2017
- Hot Tea Market in Singapore to 2017
- Hot Tea Market in South Korea to 2017
- Hot Tea Market in France to 2017
- Hot Tea Market in the UAE to 2017
- Hot Tea Market in the United States to 2017
- Hot Tea Market in Hong Kong to 2017
- Hot Tea Market in India to 2017
- Hot Tea Market in New Zealand to 2017
- Hot Tea Market in China to 2017