Bolstered by rising health consciousness and disposable income among consumers, industry revenue for the Tea Production industry grew over the five years to 2017. Tea manufacturers are marketing the various health benefits of tea consumption, such as its effect on lowering cholesterol, while an emphasis on healthy living has shifted consumer dietary patterns toward healthier beverages, to the industry's benefit. Additionally, differentiated tea offerings have enabled industry players to charge premium prices for unique blends, boosting industry revenue and profit. Over the next five years, industry revenue is expected to continue to grow. America's aging population, which embraces tea's antiaging and health attributes, will be a strong source of future demand and drive specialty product sales, particularly for green and herbal teas.
This industry comprises businesses that blend and package tea, excluding iced and ready-to-drink tea.
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.