North American Tea and Tea Beverages Market Size, Share, Analysis, Industry Report and Forecast 2019-2025
North American tea and tea-based beverages market was valued at around $11.7 billion in 2018, which is further estimated to reach around $16.6 billion in 2025 at a CAGR of 5.0% during the forecast period. The market in North America is growing due to the increasing demand for unadulterated organic tea-based products, such as green tea. The US and Canada have been analyzed in the North American tea and tea-based beverages market. Among these two countries, the US is the leading importer in the North American market. Shifting trend towards healthy beverages, high consumption of tea, and presence of a smaller number of tea growers in the US is contributing towards the increasing import of tea and tea-based beverages in the country.
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At present, total tea consumption growth is backed by rapid growth in
per capita incomes across emerging economies of the globe. Increasingly urban
and young population pool entering the middle-class segment is surging the
consumption of tea and tea-based beverages. Besides, this pool is also willing
to pay for premium tea products; thereby, influencing the overall value of the
tea and tea based-beverages market. Whereas, in developed economies, such as in
the US, shifting trend of consumers towards premiumization and branded on-the-go
beverages have augmented the tea and tea-based beverages market.
Tea and tea-based drinks are considered to be the most convenient hot drinks. Due to its easy availability and accessibility in all food retail formats, RTD tea has been the most popular format of flavored tea and tea-based beverages in recent years. In recent years, the increasing demand for on-the-go health drinks has boosted the market prospects of the North American market for tea and tea-based drinks.
The North American tea and tea-based beverages market is segmented on the basis of type, format, and nature. On the basis of type, it is segmented into green tea, black tea, oolong tea, and herbal tea. Furthermore, based on format, it is divided into ready-to-drink (RTD), loose tea powder, and tea bags. Moreover, based on nature, it is sub-segmented into organic and conventional.
A
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North American
Tea & Tea-Based Beverages Market Segmentation
·
Green
Tea
·
Black
Tea
·
Oolong
Tea
·
Herbal
Tea
By Format
·
Ready-to-Drink
·
Loose
Tea Powder
·
Tea
Bags
By Nature
·
Organic
·
Conventional
Regional
Analysis
·
United
States
·
Canada
Company
Profiles
·
AMORE
Pacific Corp.
·
Arbor
Tea (New World Tea, LLC)
·
Associated
British Foods PLC
·
Barry's
Tea
·
Celestial
Seasonings, Inc.
·
Ceylon
Organics, Ltd.ITO EN (North America) Inc.
·
Tata
Global Beverages
·
Nestlé
S.A.
·
Numi
Inc.
·
R.Twining
and Co., Ltd.
·
The
Republic of Tea, Inc.
·
Starbucks
Corp.
·
The
Hain Celestial Group, Inc.
·
Townshend's
Tea Co.
·
Unilever
Group
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