Rising awareness surrounding the health benefits of herbal tea and the improving economy have bolstered demand for the Herbal Tea Production industry. Moreover, price-premium teas with organic blends have grown in popularity as rising employment levels increase discretionary income. In the coming years, while continuing health trends and the aging population will boost domestic demand, a large share of demand will be captured by low-cost imports. The US dollar is anticipated to continue growing strongly over the next five years, reducing the relative cost of imported teas and encouraging retailers to purchase foreign-produced tea.
Companies in this industry blend and package plant infusions made from any leaf, root, fruit or flower that comes from a plant other than the tea plant. The industry does not include iced and ready-to-drink herbal teas.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.