Oishi and Ichitan – Thailand’s Green Tea Giants
When the green tea hype started in Thailand about ten years ago with the launch of Oishi green tea, many thought it was merely a fad that wouldn’t last long. Now we know that wasn’t the case! This lucrative market was valued at over 13 billion Baht (about 435 million USD) in 2012, with the key competing brands being Oishi (owned by ThaiBev, one of Southeast Asia’s largest beverage companies) and Ichitan (owned by Tan Passakornnatee – the self-made millionaire who founded Oishi Group in 1999, and later launched Oishi green tea before selling it to Thai Bev in 2008).
Oishi and Ichitan are known for being creative and extremely aggressive in their out-of-store promotional campaigns. The brands often lure consumers to purchase their drinks in exchange for very attractive prizes – money, cars, and gold, for instance. Usually prizes are written under the caps of the green tea bottles.
Oishi and Ichitan – Thailand’s Green Tea GiantsWhen the green tea hype started in Thailand about ten years ago with the launch of Oishi green tea, many thought it was merely a fad that wouldn’t last long. Now we know that wasn’t the case! This lucrative market was valued at over 13 billion Baht (about 435 million USD) in 2012, with the key competing brands being Oishi (owned by ThaiBev, one of Southeast Asia’s largest beverage companies) and Ichitan (owned by Tan Passakornnatee – the self-made millionaire who founded Oishi Group in 1999, and later launched Oishi green tea before selling it to Thai Bev in 2008).Oishi and Ichitan are known for being creative and extremely aggressive in their out-of-store promotional campaigns. The brands often lure consumers to purchase their drinks in exchange for very attractive prizes – money, cars, and gold, for instance. Usually prizes are written under the caps of the green tea bottles.
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