Tea sales reach $15.7 billion in 2012

05/28/2013 | Los Angeles Times (tiered subscription model)

More consumers are trading the caffeinated buzz and soaring prices of coffee for cups of hot or iced tea, propelling the industry up 32% in the past six years. "The tea industry is going straight up, and at some point, it will reach the level of coffee," said David DeCandia of Coffee Bean & Tea Leaf. "It's time. People have maxed out on other types of beverage."

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