Tea Production

Previously lagging behind the Coffee Production industry (IBISWorld report 31192a), the Tea Production industry is beginning to strengthen. A growing emphasis on healthy living is shifting dietary patterns away from sugary drinks toward healthier beverages such as tea over the five years to 2022, although it has not yet resulted in more substantial revenue growth. Tea manufacturers are marketing the various health benefits of tea consumption, such as its effects on lowering cholesterol and relieving inflammation. According to a 2020 study conducted by the European Journal of Preventive Cardiology, Chinese men and women who drank more than three cups of tea a week had lower risk of heart attack and stroke. As a result of increasing health consciousness, industry revenue increased during the current five-year period despite some unevenness, and has been able to navigate the COVID-19 (coronavirus) pandemic despite trade disruptions. According to IBISWorld estimates, industry revenue is projected to rise an annualized 0.2% to reach $1.7 billion over the five years to 2022, including 2.6% in 2022 alone.