US Tea and Tea Beverages Market Size, Share, Analysis, Industry Report and Forecast 2019-2025
US tea and tea-based beverages market was valued at around $10.8 billion in 2018, which is further estimated to reach around $15 billion in 2025 at a CAGR of 4.8% during the forecast period. The tea market is highly competitive in the US. It is comprised of a few US-based tea growers and several importers from almost every tea producing countries, such as China, India, and Japan. However, still very small and mostly non-commercial, tea-growing companies continues its expansion in the US.
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Nonetheless, the US tea industry is
consolidated with the less presence of local companies and high presence of
importers from across the globe. The major tea companies that import organic
tea in the US include Ambassador Organics, Equal Exchange, Celestial
Seasonings, Newman's Own, and Numi Organic Tea. The US is the
third-largest importer of tea across the globe, after Russia and Pakistan, and
is the only western country to experience growth in terms of both, tea imports and
consumption, as per the Tea Association of the US. Argentina is estimated as
the largest importing nation of tea to the US, continues to be under price and
inflationary pressure. According to the US Census Bureau, the US tea, spices,
and others imports from the world was valued at around 1.98 million in 2013,
which increased to 2.61 million in 2018. Such a large import of tea and
tea-based beverages is due to the rising disposable income and increasing
consumption rate of healthy tea-based beverages such as organic tea, which
includes green tea and black tea.
A
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US 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
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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