Tea Production in the US
Emerging from the shadow of the Coffee Production industry (IBISWorld report 31192a), the Tea Production industry is beginning to come into its own. Bolstered by rising health consciousness and disposable income among consumers, IBISWorld estimates industry revenue will increase over the five years to 2018. A growing emphasis on healthy living is shifting consumer dietary patterns toward healthier beverages such as tea, driving industry growth. Tea manufacturers are marketing the various health benefits of tea consumption, such as its effect on lowering cholesterol. Tea is becoming more popular due to the growing variety of flavors, strengths and sweeteners offered by manufacturers. Differentiated tea offerings have enabled industry players to charge premium prices for unique blends, boosting industry revenue and profit. IBISWorld expects that the Tea Production industry will continue growing over the next five years. The United States' aging population, which embraces tea's antiaging and health attributes, will be a strong source of future demand.
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.
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