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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 | Jul 2016

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

IBISWorld’s Tea Production market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 11-16
1.5%
Annual Growth 16-21
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Profit
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Employment
1,732
Businesses
52
Industry Analysis & Industry Trends

Demand for tea will continue to grow during 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

Growing health awareness among Americans, coupled with new studies touting the healthful, antiaging benefits of tea, has bolstered industry demand considerably over the past decade. Aggressive media promotion from brands such as Lipton and Celestial Seasonings have further strengthened consumer beliefs in the health benefits of tea consumption. In response to growing demand, companies are expanding their range of tea flavors, many of which boast medicinal properties. According to the Tea Association of the USA, Americans drank over 80.0 billion servings of tea in 2015, representing a 10.0 billion serving increase from the 2014 figure. Revenue for the Tea Production industry is therefore expected to rise at an annualized rate of 1.5% over the five years to 2016, totaling $1.3 billion... 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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