Tea is the most consumed non-alcoholic beverage in the world and a popular hot drink. Data provided by Statista shows that the global tea industry will generate a revenue of $266.7 billion by 2025.
Although the US may not be the biggest tea manufacturer, it has a booming tea market. Statista also reports that the total revenue generated by the tea industry in the US is projected to reach $15.01 billion by the end of 2023.
This raises the question: what opportunities exist for wholesalers and retailers in the US tea market?
A Statista report indicates that 15% of volume consumption and 85% of spending in the US will be on out-of-home tea consumption; in restaurants or bars. This scenario could open many doors for wholesale businesses.
Now is the right time to connect with reputable tea manufacturers and join this flourishing industry.
It is crucial to align your business with the right tea manufacturers. Here are some important factors to consider when finding the perfect tea manufacturer.
It’s advisable to partner with a manufacturer that has extensive experience in sourcing tea. Tea manufacturing requires expertise, patience, and experience to ensure that a quality product is delivered to the customers.
Leaf quality directly influences the taste, aroma, and color of tea. Purchasing a small sample of tea to evaluate the leaf quality is a good practice. Check for woody bits, pieces of stems, or other contaminants in the sample.
To distinguish yourself in the market, you’ll need to offer premium products as well. Collaborating with a tea manufacturer that can provide custom blends and labels can be profitable for your business.
Some of the most profitable blends are fitness blends, aroma blends, relaxation blends, and flavor blends. Inquire which ingredients the manufacturer offers for creating these blends.
Proper packaging can prolong the freshness, aroma, and color of the tea. It is also crucial to consider the approach of the new generation of tea drinkers toward eco-friendly packaging.
Choosing a tea manufacturer that can supply high-quality containers and tea bags can increase sales while simultaneously building a positive image of your business.
The tea industry does pose some challenges, but none that can’t be resolved. Here are a couple to consider.
The tea market is saturated, making it challenging for businesses to make a mark. This issue can be resolved by working with a reliable manufacturer that understands your requirements and delivers ingredients for a custom blend.
Tea plants can be vulnerable to climate conditions like drought stress, which can affect yield and quality. However, farms and manufacturers are now using the latest cultivation technology to maintain quality and yield.
With this information at hand, you can look for an ideal tea manufacturer and see your wholesale business thrive.