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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Key Buyers Chapter

The top three players make up roughly 72.8% of the Tea Production industry's revenue. This share has increased since 2009 although small, specialized tea producers sprouted up nationwide. Profitable opportunities exist for niche players within the Tea Production industry, especially in the gourmet and specialty tea segments. Niche players such as Rishi Tea, which specializes in wellness and exotic teas, have been steadily increasing their share of the market. The product lines of the major brands, including Lipton, Bigelow, Celestial Seasonings and Good Earth, typically comprise mid- to low-value, high-volume, branded products. Given the high brand value of these products, these players enjoy a high degree of loyalty and familiarity from their consumers... 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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