According to a market report by Lucintel, the future of the tea market in the US looks promising with opportunities in the residential and commercial markets. The major drivers for this market are growth in health awareness, increase in disposable income, growth in demand for herbal tea, and consumption of carbonated tea drinks.
In this market, green tea, black tea, oolong tea, and herbal tea are the major product types. Black tea is expected to remain the largest segment over the forecast period due to rise in the number of health conscious consumers as it is anti-allergic, anti-viral, and anti-spasmodic.
Within the tea market, residential is expected to remain the largest segment over the forecast period due to increasing consumption of caffeine beverages at home.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the tea market in the US by product type, packaging, application, and distribution channel and has compiled a comprehensive research report titled “Growth Opportunities for the Tea Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the tea market in the US by product type, packaging, application, and distribution channel as follows:
By Product Type [$ Million Shipment Analysis from 2015 to 2026]:
Green Tea
Black Tea
Oolong Tea
Herbal Tea
Others
By Packaging [$ Million Shipment Analysis from 2015 to 2026]:
Plastic Containers
Loose Tea
Paperboards
Aluminum Tins
Tea Bags
By Distribution Channel [$ Million Shipment Analysis from 2015 to 2026]:
Supermarkets/Hypermarkets
Specialty Stores
Convenience Stores
Online Stores
Others
By Application [$ Million Shipment Analysis from 2015 to 2026]:
A more than 50 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.