Economy Suppressing RTD Tea’s Growth
I wonder how much of this is due to recession, and how much due to change in habits
Canned and bottled tea, the largest component in RTD, slowed from growth rates exceeding 20% in both 2006 and 2007 to less than 1% growth this year, Packaged Facts estimates. Meanwhile, sales of bags and loose tea, which had been in decline for two years, are projected to show 3% growth this year.
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