Market Research Report
US Green Tea Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||926458|
Delivery time: 2-3 business days
|US Green Tea Market 2019-2025|
|Published: January 23, 2020||Content info:||
US Green Tea Market Size, Share and Trends Analysis Report by Format (Ready-to-Drink, Loose Tea Powder, and Tea Bags), and by Nature (Organic and Conventional) and Forecast, 2019-2025.
US green 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.
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.
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.
The market study of the US green tea market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for drink manufactures and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.