Herbal Tea Production
The Herbal Tea Production industry has contracted over the five years to 2018. Despite positive consumer trends, including a rise in health-consciousness, the industry faltered at the start of the five-year period due to declines in general tea consumption. Nonetheless, rising awareness surrounding the health benefits of herbal tea and the prospering economy have bolstered demand for the industry in the latter half of the period. The industry is expected to grow over the next five years as continuing health trends and the aging population boost domestic demand. The expected depreciation of the US dollar will increase the relative cost of imported teas, encouraging retailers to purchase domestically produced tea, slowing the incursion of imports.
Companies in this industry blend and package plant infusions made from any leaf, root, fruit or flower that comes from a plant other than the tea plant. The industry does not include iced and ready-to-drink herbal teas.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.