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.
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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US Tea & Tea-Based Beverages Market Segmentation
By Type
· Green Tea
· Black Tea
· Oolong Tea
· Herbal Tea
By Format
· Ready-to-Drink
· Loose Tea Powder
· Tea Bags
By Nature
· Organic
· Conventional
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
