Author Archives: Dan Bolton

Story of My Tea Funded

Kickstarter donors funded the Story of My Tea last week, a Houston-based tea delivery startup founded by Harideep Kalaveena and Mara Martinez. The two tea enthusiasts were inspired by the fact that every tea carries the unique taste of origin. “We wanted to make a wealth of diversity of tea available to everybody through...

World’s Most Lucrative Market for Tea

Black tea will continue to dominate consumption in North America with green teas gaining ground. Combined they will make North America the “most lucrative market for tea from 2016 to 2024.” Persistence Market Research (PMR) forecasts the global market for tea will surpass $21 billion by 2024, reflecting a compound annual growth rate of...

Competitive Pricing Reduces India Exports

India will set a new record for tea production for 2016 at 1.22 billion kilos but continues to surrender market share in global exports. Despite increases in production, the quantity of tea sold at the Kolkata Auction dipped 3.9% to 120.8 million kilos in 2016 compared to 2015. Exports for the first eight months...

Teavana Expands to India

MUMBAI, India Tata Starbucks, a joint venture operating coffee shops across India, introduced Teavana Fine Teas at its 88 locations last week. Teavana teas are available in 18 varieties in packages and at the counter. Starbucks previously offered eight teas at its stores. Sumitro Ghosh, CEO of Tata Starbucks, in announcing the new line,...

Kenya to Expand Loose Leaf Production

Kenya is the world’s largest exporter of black CTC (cut, tear, curl) tea but produces relatively little of the more expensive and difficult-to-process orthodox whole and broken leaf teas favored by Russia and the Commonwealth of Independent States (CIS), collectively the world’s largest tea importers. Last week, the chairman of the Kenya Tea Development...

Canadian Millennials Warm to Hot Tea

Spending on tea by Canada’s Millennial tea drinkers is expected to double by 2020, according to the Canadian Tea and Herbal Association. Millennials (aged 19–37) currently make up more than a third of all Canadian tea drinkers, according to association president Louise Roberge. The median age of all Canadians is 40.8 years and most...

Hot Tea IndividualiTEA

Half the country drinks tea yet no two tea lovers are alike in their taste for this remarkably diverse brew. North America is now the third-largest tea importer in the world, welcoming 3,000 varieties grown in 35 countries. The American palate is more discerning than in past years and tea drinkers today are more...

Steady Tea Growth Through 2020

The U.S. packaged tea market is a freight train that remains on the rails, climbing 5% in 2016 to $7.62 billion with sales projected to reach $8.01 billion in 2017 and $9 billion by 2020. “The category’s performance in the last couple of years, particularly in the ready-to-drink segments, has shown the strong durability...

India Cash Crisis

The well-intentioned effort to curb corruption by enforcing traceability is wreaking havoc in the tea lands of India, where very few workers have bank accounts. The government’s surprise move to no longer accept denominations of 500 and 1000 as legal tender has disrupted the country’s entire economy. The decision voided $250 billion in currency,...

Lucky Dragon Casino Serves 2,000 Gongfu Tea on Opening Day

LAS VEGAS Ten tea artists in the Cha Garden teahouse served almost 2,000 people last weekend at the Lucky Dragon Hotel & Casino, the first hotel-casino with gongfu tea service in the U.S. The boutique 200-room hotel-casino is located on the north side of Sahara Avenue about a half-mile west of Las Vegas Boulevard. It...