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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 2015

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

IBISWorld’s Tea Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
6.9%
Annual Growth 15-20
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Profit
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Employment
1,681
Businesses
39
Industry Analysis & Industry Trends

Demand for tea will continue to brew 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 SWOT Analysis Chapter

The Tea Production industry is experiencing rapid growth, supported by an increase in consumer awareness about tea and its benefits. In the 10 years to 2020, the industry's value added (IVA), which measure's the industry's contribution to the economy, is forecast to increase 6.9% over the 10 years to 2020. Comparatively, GDP is projected to grow at an average rate of 2.5% per year during this time. IVA growth that outpaces GDP growth is a key indicator that this industry is in the growing life cycle stage because its contribution to the overall economy is increasing.

New players have entered the industry in an attempt to capitalize on robust demand and price conditions... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tea Production Industry?

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

Industry Products
Black teaGreen and white teaHerbal tea
 
Industry Activities
Importing tea leavesTea leaf oxidationBlending teaPackaging tea


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