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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 | Aug 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 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 2019, the industry's value added (IVA), which measure's an industry's contribution to the economy, is forecast to increase 4.0% over the 10 years to 2019. 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. Growth has been limited, however, by increasing competition from outside sources such as ready-to-drink beverages and iced teas... 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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