America's tea goliaths, such as Lipton and Bigelow, may control 88% of the tea market but that leaves a respectable $264 million market for small, independent manufacturers to share as consumers turn to healthy alternative to colas and coffee. Thanks to increased sales to the boomer population, the tea industry averaged annual growth of about 5% over the past five years. This information is reported in the latest edition of INC.
In this country, tea ranks as the 6th most popular beverage after carbonated soft drinks, bottled water, beer, milk, and water.
The forecast is for an annual growth of 5.4% for the next five years and an average company profit margin for U.S. tea producers of 18.6%.
Our company is seeing an increase in attendees at our TEA 101 educational conferences as more and more people are looking into the possibility of entering the tea world. They are exploring tea bars, tea rooms, tea blending, tea shops, online tea sales and tea and etiquette training. Many are happy to leave the office behind as they explore the possibilities of a vocation steeped in "the way of tea."
The forecast is for an annual growth of 5.4% for the next five years and an average company profit margin for U.S. tea producers of 18.6%.
Our company is seeing an increase in attendees at our TEA 101 educational conferences as more and more people are looking into the possibility of entering the tea world. They are exploring tea bars, tea rooms, tea blending, tea shops, online tea sales and tea and etiquette training. Many are happy to leave the office behind as they explore the possibilities of a vocation steeped in "the way of tea."
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