RTD Tea Production
Bolstered by rising health consciousness and improving disposable income, demand for industry products has been growing. As consumers turn away from sugary beverages such as soda, tea has become a favored alternative. Thus, IBISWorld expects revenue to expand over the five years to 2016. As industry revenue grows, new companies are rapidly entering the industry. The industry continues to attract new consumers thanks to the growing variety of flavors, strengths and sweeteners offered by manufacturers. With the number of operators forecast to continue increasing over the five years to 2021, heavier competition could dampen profitability. However, greater consumer demand will bolster profitability for companies that can attain higher product prices. IBISWorld expects industry revenue to grow in the next five years in 2021.
Companies in this industry brew and bottle tea in a ready-to-drink (RTD) state.
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.
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