US Black Tea Market Trends, Size, Competitive Analysis and Forecast - 2019-2025.
Posted by mansi on February 25th, 2020
US black tea market is estimated to grow at a CAGR of around 4% 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.
US Black Tea Market Segmentation
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Joined: January 22nd, 2020
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