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Tea Production in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tea Production Market Research Report | NAICS 31192b | Jan 2014

Piping hot: Revenue will heat up as the wave of health consciousness supports growth

IBISWorld’s Tea Production market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
6.3%
Annual Growth 14-19
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Profit
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Employment
2,772
Businesses
90
Industry Analysis & Industry Trends

Demand for tea will continue to heighten over the next five years due to increased health awareness and new product offerings. Tea is becoming infused into the American diet as consumers become more health-conscious and look for alternatives to sugar-rich carbonated beverages. However, while the tea industry will continue to experience an upswing, strong demand for ready-to-drink teas and beverages, this industry's competitors, will somewhat limit revenue growth... purchase to read more

Industry Report - Industry Analysis Chapter

As consumers sought after food and beverages purported to have healthful, antiaging benefits, aggressive media promotion from brands, such as Lipton and Celestial Seasonings, strengthened consumer belief in the health benefits of tea consumption. Companies are also expanding their range of tea flavors and investing in media exposure. According to the Tea Association of the USA, Americans drank over 79 billion servings of tea in 2012. The Tea Production industry's revenue is expected to rise at an annualized rate of 6.3% over the five years to 2014, totaling $1.6 billion. Strong growth in consumption has occurred despite rising tea prices. IBISWorld estimates that industry revenue will increase 3.2% in 2014... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tea Production Industry?

This industry includes businesses that blend and package tea, excluding iced and ready-to-drink tea.

Industry Products
Specialty and gourmet teaTea bagsLoose teaInstant tea
 
Industry Activities
Importing tea leavesTea leaf oxidationBlending teaPackaging tea


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