The US tea market has shown a steady upward trend in the past few years. In 2023, tea sales stood at $1.58 billion. Forecasted values for the coming years show a consistent increase, expecting $1.71 billion by 2028, representing a 5-year compound annual growth rate (CAGR) indicative of robust market health.
Year-on-year growth rates highlight a gradual rise:
- 2024: +1.68%
- 2025: +1.67%
- 2026: +1.62%
- 2027: +1.56%
- 2028: +1.51%
Future trends to watch include changing consumer preferences towards health-oriented tea products, increasing varieties of specialty teas, and the growing influence of e-commerce on tea distribution channels.
