Herbal Tea Industry Report Now Available From IBISWorld

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The Herbal Tea Production industry is forecast to continue benefiting from increasingly favorable attitudes and beliefs toward its products, according to a new report from IBISWorld. The aging population and rising per capita tea consumption will significantly contribute to revenue growth over the next five years. According to IBIS World’s industry market research report, due to the health benefits of herbal tea, total tea consumption is forecast to continue rising from 2012 and 2016. Growth in herbal tea consumption is forecast to outpace growth in black tea due to the purported health benefits. The healthy eating trend is long term and will likely accelerate as more knowledge surfaces about the role that foods and beverages play in maintaining health. For this reason, industry research firm IBISWorld has added a report on the Herbal Tea Production industry to its growing Wellness & Nutrition & Supplements Report collection.

IBISWorld Market Research

IBISWorld Market Research

Mainstream retailers are progressively stocking herbal teas as consumer demand heightens, particularly for herbal teas that offer some health benefit

The Herbal Tea Production industry is forecast to continue benefiting from increasingly favorable attitudes and beliefs toward its products, according to a new report from IBISWorld. The aging population and rising per capita tea consumption will significantly contribute to revenue growth over the next five years. According to IBIS World’s industry market research report, due to the health benefits of herbal tea, total tea consumption is forecast to continue rising from 2012 and 2016. Growth in herbal tea consumption is forecast to outpace growth in black tea due to the purported health benefits. The healthy eating trend is long term and will likely accelerate as more knowledge surfaces about the role that foods and beverages play in maintaining health. For this reason, industry research firm IBISWorld has added a report on the Herbal Tea Production industry to its growing Wellness & Nutrition & Supplements Report collection.

For more information, including latest Industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research on the Herbal Tea industry for $850.

Herbal Tea Industry Overview

The products of the $162.4-million Herbal Tea industry are becoming more mainstream and alluring, according to IBISWorld analyst, Caitlin Moldvay. “Mainstream retailers are progressively stocking herbal teas as consumer demand heightens, particularly for herbal teas that offer some health benefit,” says Moldvay. Consistent demand from the aging population is partly attributable to the intense marketing on the part of industry operators in an effort to boost awareness about the health benefits of herbal teas.

The economic recession benefited industry operators as Americans faced mounting difficulty in accessing and paying for conventional healthcare. In 2008 and 2009, many individuals lost health insurance coverage due to falling employment and income levels. This reduction in conventional care helped level the playing field for alternative health remedies, including herbal teas. Health insurance coverage is forecast to increase during the five years to 2016, which will cause some individuals to switch back to conventional medicines. Nonetheless, demand for industry products will be resilient since its consumer base has already expanded, entrenching many in the benefits and affordability of herbal tea.

Revenue growth during the five years to 2016 is forecast to accelerate. While continuing health trends and the aging population boost volume, the Herbal Tea industry's profit margin is forecast to decline, according to IBISWorld. In Addition, price levels are projected to be pressured further by the rising presence in mainstream stores, which do not provide the comparable price premiums on herbal teas that health food stores experience.

For more information, including latest Industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research on the Herbal Tea industry for $850.

IBISWorld Industry Market Research Reports Contain:

About this Industry
Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets
Supply Chain
Products & Services
Major Markets

Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions
Capital Intensity

Key Statistics
Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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James Karklins
IBISWorld
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