Authored By: Sarah
11 Jul 2024

 Foodservice Tea Market in US Size to grow by USD 3565.5 million between 2024-2028

According to a research report “ Foodservice Tea Market in US” by Distribution Channel (Full-service restaurants, Limited-service restaurants, Others) Product (Black tea, Green tea, Others) Type (Iced tea, Hot tea) Geography (North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3565.5 million, at a CAGR of almost 4.6% during the forecast period. Mobile foodservice, also known as on-the-go foodservice, refers to the business segment that prepares and sells ready-to-consume food and beverages from motorized vehicles or non-motorized carts. This business model includes food trucks, trailers, carts, and food stands. The surge in popularity of mobile foodservice outlets, particularly food trucks, is fueling market expansion. The primary reasons for their success are the relatively low initial investments and annual overhead costs compared to traditional brick-and-mortar restaurants. Furthermore, the increasing preference for street food among the urban demographic adds to the growth momentum of this sector.

Browse market data tables, figures, and in-depth TOC on “Foodservice Tea Market in US” by Distribution Channel (Full-service restaurants, Limited-service restaurants, Others) Product (Black tea, Green tea, Others) Type (Iced tea, Hot tea) Geography (North America) Global Forecast to 2028. Download Free Sample

 

By Distribution Channel, the Full-service restaurants segment is projected to dominate the market size in 2024

The Foodservice Tea Market in the US is experiencing significant growth, driven by increasing consumer preference for healthier beverage options. Tea, rich in antioxidants, is a prime choice for foodservice operators seeking to cater to this trend. With a CAGR of 5.5% from 2020 to 2025, this market is poised for expansion, offering substantial opportunities for businesses in the foodservice industry. Operators can capitalize on this growth by offering a diverse range of tea varieties and customization options to cater to evolving consumer preferences.

By Product, Black tea  segment is expected to hold the largest market size for the year 2024

The Foodservice Tea Market in the US is experiencing significant growth, driven by increasing consumer preference for healthier beverage options. Tea, rich in antioxidants, aligns perfectly with this trend. Key players in the industry are capitalizing on this demand, offering innovative tea varieties and functional blends to cater to diverse consumer needs. The market's value is projected to reach impressive heights, making it an attractive investment opportunity for businesses in the foodservice sector.

North America is forecasted to hold the largest market size by region in 2024

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The Foodservice Tea Market in US growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Anchor Beverages Inc.
  • Aroma Israel
  • Associated British Foods Plc
  • Bigelow Tea
  • Golden Fleece Beverages Inc.
  • Harney and Sons Fine Teas
  • Harris Freeman
  • Inspire Brands Inc.
  • LIPTON Teas and Infusions
  • Numi Inc.
  • Oribe Tea LLC
  • PALAIS DES THES
  • Starbucks Corp.
  • Tata Consumer Products Ltd.
  • Teatulia Organic Teas
  • The Hain Celestial Group Inc.
  • TreeHouse Foods Inc.
  • Yamamotoyama of America
.

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Research Analysis Overview

The Foodservice Tea Market in the US has seen a significant surge in demand for herbal teas, particularly those infused with Tulsi and Basil. These specialty iced teas, made with organic and natural ingredients, cater to the growing trend of health-conscious consumers. The organic label is increasingly important to customers, who seek teas free from artificial additives and preservatives. The human body benefits greatly from the phytochemicals, antioxidants, and flavonoids found in these herbal teas. Tulsi and Basil teas are known to help manage high blood pressure, cardiovascular diseases, and arthritis. Leaf tea, including these herbal blends, offers a healthier alternative to carbonated drinks and sugary iced coffee and tea drinks. The Foodservice Tea Market includes not just regular tea but also specialty tea drinks like bubble tea. Foodservice establishments are responding to this trend by offering a wider variety of tea options, including iced tea and coffee drinks with tea bases. As consumers continue to prioritize their health and wellness, the demand for healthy and delicious tea beverages is expected to grow.

Market Research Overview

The Foodservice Tea Market in the US is experiencing significant growth, particularly among younger consumers who prioritize beverages that cater to health conditions and offer premium experiences. The market encompasses a wide range of offerings, from organic Camellia sinensis teas to fruit infusions, herbal blends, and specialty iced teas. Premium blends, organic quality teas, and Ayurvedic teas made with ingredients like Tulsi and Basil are gaining popularity due to their health benefits. These beverages are rich in phytochemicals, antioxidants, and flavonoids, which help combat high blood pressure, cardiovascular diseases, and arthritis. Consumer preferences for convenience and on-the-go options have led to the rise of instant tea and bag versions. However, the market also caters to those seeking eye-catching, engagement-worthy beverages, such as German Tea, fruit juices, and non-alcoholic drinks. The tea market, including the bubble tea market and drinks market, is undergoing comprehensive analysis to meet the evolving tastes of people. Innovation in flavors, such as tropical fruits and herbal combinations, is driving growth in the iced beverages segment. The convenience stores, Full Service Restaurants, Quick Service Restaurants, coffee shops, and other foodservice establishments are all key players in this market. The foodservice tea market is expanding beyond regular tea and iced tea to include specialty tea drinks, iced coffee, and coffee drinks. The climate crisis and consumer concerns about carbonated drinks have also led to increased demand for healthier alternatives. Overall, the tea market continues to evolve, offering a diverse range of beverages to cater to various demographics and preferences.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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