China
Branded coffee shop market sees grow
Project Café East Asia 2024, World Coffee Portal’s analysis of the East Asian branded coffee shop market, reveals the total segment grew 24%.
HEYTEA debuts into US market in NYC
With this opening on Broadway, HEYTEA seeks to revolutionise the way that new-generation tea products are created and enjoyed in the US.
Fake cake: the business of counterfeit pu’er teas
Known for their exquisite character, authentic pu’er teas can be pricey, leading to the emergence of counterfeit pu’ers. While counterfeit pu’ers is a lucrative and detrimental business in China, the impact globally is not clear. By J.W. Kaler
Buds to bolster the demand for flavoured tea
Sales of flavoured teas – both Camellia sinensis and botanical/herbal-based – are booming as the variety of offerings seems endless, which caters to consumers ever-changing palates. Couple that with the numerous functional, health, medical benefits, and the result is a category with continued strong global growth potential. By Divakar Kolhe
Starbucks Q3 2023 net revenues rise 12% to USD $12 billion
Starbucks’ Q3 consolidated net revenues grew 12% to USD $9.2 billion with Q3 international comparable-store sales rising 24% thanks to a 46% surge in comp-store sales in China.
Coca-Cola’s 2Q 2023 EPS Surge 34%, Net Revenues Rise 6%
During its second quarter, Coca-Cola’s coffee business grew 5% while the tea business inched up 1%, and the company strengthened its sustainability commitment.
White teas: A true Chinese delicacy
Elegant, rare and exclusive, China’s white teas are a small, highly sought after and pricey category, whose appeal is growing among consumers around the world. By Barbara Dufrêne.
Nestlé to host dairy-alternatives webinar
Nestlé is hosting a webinar for coffee professionals to better understand plant-based dairy alternatives as more people opt for a plant-based alternative in their morning latte.
Nescafé launches soluble cold coffee
Nescafé is launching Ice Roast, the brand’s first ever soluble coffee designed especially for consumption with cold water or milk, over ice.
Green tea makes global share gains
The global green tea market continues to trend in a positive direction, with signs of further development. The evidence supporting green tea’s improved status can be seen in areas of production, exports, and consumption in major domestic markets. By Jason Walker
Bringing black tea back into the spotlight
Although black tea dominates production in the global tea industry, consumption has been declining, however, it is essential for the health and sustainability of the global tea industry to have black tea consumption thrive once again.
Tea at a crossroad
T&CTJ’s annual Global Tea Report, reveals that after more than two years of disruptions severely affecting production, supply chain logistics and out-of-home consumption, tea market operators are taking stock to move forward in 2023.
The complicated task of categorising ‘specialty’ tea
In a highly complex market, the Western specialty tea stakeholders are striving to achieve a unified operational framework for ‘specialty’ tea – a high added value segment – to ensure a level playing field for the global value chain.
Green tea is gaining ground in Europe
After centuries of black tea as the exclusive cup in Europe, a skillful marketing of green teas started in the 1990s, based on a health benefits strategy initiated by multinational tea majors in the mainstream market, together with a novelty origin approach launched by China in the premium segment.