Private Label in Tea Industry Reviewed by Euromonitor International
30 Mar 2012 • by Natalie Aster
Tea’s varying regional traditions of consumption and its overall low price point has largely shielded the category in the past from significant private label competition. However, the expansion of modern retail channels and a diversified market for premium teas is creating new spaces for private label entries around the world. This report examines where the next private label growth markets will be, and what branded tea manufacturers can do to meet this emerging competitive threat.
A shift towards speciality teas is underway, but these new categories also have even higher percentages of private label sales, due to premium price points allowing more room for lower priced private label.
According to the report “Private Label in Tea” by Euromonitor International, marketing resources that private label lacks can raise visibility for new flavour and ingredient combinations that can also help draw consumers to the tea category in regions where coffee is the dominant hot drink.
Private Label in Tea
Published: March, 2012
Price: US$ 2.000,00
While Unilever boasts a strong emerging world presence, it has a relatively low profile in certain key markets including Russia and China. It needs to add more muscle.
Branded competitors will no longer be able to rely upon tea type as a point of differentiation from private label. Clearly communicated value-added benefits will be needed to justify higher prices, particularly in Eastern Europe.
More information can be found in the report “Private Label in Tea” by Euromonitor International.
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