North America Tea Market – Growth & Forecast (2024

North America Tea Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Tea is perfumed beverages which are commonly consumed all around the world. They are frequently prepared by hot water of Camellia sinensis, which is native to Asia region. There are numerous kinds of tea like Chinese greens, Darjeeling with diverse profiles such as sweet, nutty, spices, fruit flavour similar to lemon, ginger, and some other. Occasionally soaking fruits and herbs in boiled water is usually referred to as herbal teas.

North America Tea Market Segments Size & Growth:

North America Tea market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the tea market is because of the increasing demand for hot beverages and growing awareness of the health benefits of consuming tea. Moreover, alternative tea substitutes and also the side effects due to the huge consumption of tea are hampering the growth of the North America tea market.

North America Tea Market Segments Share:

North America tea market is characterised into by type which consists of green tea, black tea, speciality/premium tea, fruit or herbal tea, and some other. Green tea is a natural detoxification, blemishes, scars, and skin’s elasticity. Green tea is the growing gradually because of its benefits in beauty and skin treatments that help has anti-oxidant and anti-bacterial properties which treat hormonal imbalances as well as

North America Tea Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

control weight. Speciality tea is increasing at a stable rate, and it has different kinds of variety like yellow tea, white tea, and ready to drink tea. With growing number of young and health-conscious customers, the demand is projected to grow during the forecast period.

On the basics of packaging, it is categorised into plastic containers, loose tea, paper boards, aluminium tin, and tea bags. The tea bag is made of small pouches, spongy, sealed bag holding a dried plant, which is absorbed in boiling water to make an infusion. These tea bags are the leading tea market packaging segment among others because of its compact size. Supermarkets are the dominant market in the world tea market because of the heavy discounting and buy one get one free offer from all others.

By Geography, U.S. tea market size is projecting the growth of the tea market leading the growth in North America in tea market which is most preferred beverage multiple times a day due to increase in U.S. tea market trends. Mexico is witnessing the fastest growing market during the forecast period, due to the availability of unique flavours and many health benefits.

North America Tea Market Segments Trends:

In January 2018, The Republic of Tea

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North America Tea Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

has introduced Peter’s Garden Tea motivated by Peter Rabbit with various features spicy, ginger and some others.

In January 2018, The

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