Japanese green tea giant Ito En surges 8%, defying a broad market sell-off

Ito En shares surged, bucking a broader sell-off in Japanese stocks following its fiscal first-quarter results.

The top 3

  1. Top Global Tea Companies by Revenue: Unilever plc, Associated British Foods plc, and Tata Consumer Products Ltd. are among the world's prominent companies in the green tea market by revenue, with Unilever reporting €52,444 million in 2021 and Associated British Foods plc reporting €13.9 billion in the same year.
  2. Ito En's Dominant 'Oi Ocha' Brand and Market Share: Ito En is the undisputed leader in Japan's ready-to-drink green tea market, commanding a 34.8% share with its 'Oi Ocha' brand, and is responsible for producing a quarter of Japan's green tea.
  3. Top Countries by Green Tea Consumption: China is the largest green tea-drinking nation, consuming approximately 50% of the world's total green tea, followed by Japan, which consumes about 80,000 tons annually.

Sources

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