NAICS 31192 - Coffee and Tea Manufacturing
This industry comprises establishments primarily engaged in one or more of the following: (1) roasting coffee; (2) manufacturing coffee and tea concentrates (including instant and freeze-dried); (3) blending tea; (4) manufacturing herbal tea; and (5) manufacturing coffee extracts, flavorings, and syrups.
Industry trends:
In the Coffee and Tea Manufacturing industry, NAICS 31192, several qualitative trends are shaping the market. A strong move towards sustainability is evident, with companies increasingly adopting eco-friendly practices to minimize their environmental impact. This includes sourcing organic and Fair Trade certified ingredients and utilizing recyclable or biodegradable packaging.
Another significant trend is the growing consumer preference for premium and specialty products. Single-origin coffees and exotic tea blends are seeing a rise in demand as consumers seek unique and high-quality experiences. Additionally, health-conscious consumers are driving innovation in products such as functional teas, which promote wellness benefits, including relaxation and immune support.
The digital transformation is also impacting the industry, with a surge in e-commerce and direct-to-consumer sales channels. Companies are leveraging online platforms to broaden their reach and offer personalized experiences, such as subscription boxes for coffee and tea lovers.
Looking ahead, market forecasts suggest that these trends will continue to gain momentum. Sustainability, premiumization, health and wellness, and digital engagement are likely to dominate the coffee and tea manufacturing landscape, driving growth and innovation in the near future.
This industry is comprised of:
Coffee concentrates (i.e., instant coffee) manufacturing
Coffee extracts manufacturing
Coffee flavoring and syrups (i.e., made from coffee) manufacturing
Coffee roasting
Coffee substitute manufacturing
Coffee, blended, manufacturing
Coffee, instant and freeze dried, manufacturing
Extracts, essences and preparations, coffee, manufacturing
Extracts, essences and preparations, tea, manufacturing
Instant coffee manufacturing
Instant tea manufacturing
Roasting coffee
Syrup, flavoring, coffee based, manufacturing
Tea (except herbal) manufacturing
Tea blending
Tea, herbal, manufacturing
Tea, instant, manufacturing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.