Tea and Coffee Manufacturing in Australia - Industry Market Research Report

Sip it good: Manufacturers will brew up a revenue rise as demand for premium products gets stronger

Strong consumer demand for tea and coffee products has driven revenue growth in the Tea and Coffee Manufacturing industry in recent years. In particular, Australia's coffee culture has supported the industry and ensured continued downstream demand from major markets. Increased demand for premium tea and coffee products has also boosted industry performance over the period. Tea and coffee manufacturing revenue is anticipated to climb at an average annual rate of 1.1% over the five years through 2022-23, to $1.8 billion. Volatile downstream demand from cafes, coffee shops and other food-service establishments - primarily as a result of COVID-19 pandemic-related restrictions on hospitality firms - limited revenue growth. Nonetheless, retail sales of coffee and tea rose during the pandemic, supported by government stimulus measures that boosted disposable income. Expanding sales from cafes and retail outlets are supporting an expected 1.4% upturn in revenue in 2022-23. Firms in the industry primarily process and manufacture tea and coffee products from tea leaves and coffee beans. Industry firms also produce loose-leaf tea, tea bags, fresh coffee and instant coffee. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.