North America Tea Market 2024

Description

Tea is the world’s second most consumed drink, surpassed only by water, and it has a robust market presence across multiple regions. The tea market in North America is projected to rise by USD 1.9 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 5.4 percent during the forecast period.

The report offers a comprehensive evaluation of the North America tea market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, packaging, distribution channel, and country. This comprehensive evaluation aids in identifying the growth potential within the tea industry.

Market Segmentation

The tea market in North America is classified into the following segments:
Product type: black tea, fruit & herbal tea, green tea, others
Packaging: flexible packaging, paper containers, others (glass, metal, etc.)
Distribution channel: convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, others
Country: USA, Canada

The North America tea market is segmented on the basis of product type, packaging, distribution channel, and country. Based on product type, the tea market in North America is categorized into black tea, fruit & herbal tea, green tea, and others. On the basis of packaging, the tea market in North America has been segmented into flexible packaging, paper containers, and others (glass, metal, etc.). By distribution channel, the tea market in North America has been segmented into convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, and others. Geographically, the tea market in North America is also segmented into USA, and Canada.

Competitive Landscape

The North America tea market is highly competitive. The prominent players operating in the North America tea market include Associated British Foods plc, DAVIDsTEA Inc., East West Tea Company LLC, Lipton Teas and Infusions, Numi Inc., RC Bigelow Inc., Reily Foods Company, Stash Tea Company, Steeped Tea Inc, Tata Consumer Products Ltd., The Hain Celestial Group Inc., Traditional Medicinals.

The report presents a detailed analysis of the North America tea market, focusing on the performance of major companies between 2019 and 2023. The data offers valuable insights into market share fluctuations, identifying established leaders and the ascent of new entrants. Such information provides companies with the tools needed to enhance their strategic positioning and remain competitive, even as market conditions evolve.

Why Buy This Report?

Obtain precise statistical data and forecasts for the North America tea market.
Gain deep insights into the dynamics of the North America tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the North America tea market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewNorth America tea market – product type analysis
North America tea market – packaging analysis
North America tea market – distribution channel analysis
North America tea market – country analysis
Key players and market share
– Associated British Foods plc
– DAVIDsTEA Inc.
– East West Tea Company, LLC
– Lipton Teas and Infusions
– Numi Inc.
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table North America tea market 2019-2029
Chart North America tea market, net growth, 2019-2029
Chart North America tea market, growth rates, 2019-2029
Table North America tea market by product type, 2019-2029
Chart North America tea market by product type, CAGR historic and forecast, 2019-2029
Chart North America tea market by product type, 2019-2029
Table North America tea market by packaging, 2019-2029
Chart North America tea market by packaging, CAGR historic and forecast, 2019-2029
Chart North America tea market by packaging, 2019-2029
Table North America tea market by distribution channel, 2019-2029
Chart North America tea market by distribution channel, CAGR historic and forecast, 2019-2029
Chart North America tea market by distribution channel, 2019-2029
Table North America tea market by country, 2019-2029
Chart North America tea market by country, CAGR historic and forecast, 2019-2029
Chart North America tea market by country, 2019-2029
Table North America tea market share (%), by companies, 2019-2023
Chart North America tea market, by companies, 2023
Table North America tea market share (%), by brands, 2019-2023
Chart North America tea market, by brands, 2023
Table North America – population (millions) and forecast
Table North America – consumer price index (CPI) and forecast
Table North America – gross domestic product and forecast
Table North America tea market: spend as a proportion of GDP (%)
Table North America tea market: consumption per capita (population)