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 - Starting a New Business Chapter
There exist opportunities for new players to enter the market and serve niche markets, such as wellness teas. This is evidenced by the sustained growth in the number of establishments, which increased 3.1% between 2007 and 2012 and is anticipated to continue increasing through 2017. Furthermore, the initial level of capital investment required to set up production is relatively low, making it ideal for smaller players like self-growing tea producers. Considering the labor-intensive process of traditional tea production, small-scale operations can be just as competitive and profitable as their bigger counterparts... purchase to read more