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US Tea and Tea-Based Beverages Market Size, Share & Forecast 2019-2025

01-20-2020 11:44 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

US Tea and Tea-Based Beverages Market

US Tea and Tea-Based Beverages Market

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. Some of the other companies that import Fairtrade tea in the US include Twinings, Clipper Teas, Honest Tea, Village Tea, Hampstead Tea, English Tea Shop, Naturals n Organics, Trader Joe’s, Organic India, and Wild Harvest Organic.

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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.

Market Segmentation

US Tea & Tea-Based Beverages Market by Type

· Green Tea

· Black Tea

· Oolong Tea

· Herbal Tea

US Tea & Tea-Based Beverages Market by Format

· Ready-to-Drink

· Loose Tea Powder

· Tea Bags

US Tea & Tea-Based Beverages Market by Nature

· Organic

· Conventional

The US 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.

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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +1 646-755-7667, +91 780-304-0404

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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