Dublin, January 23, 2023 /PRNewswire/ — Ready-to-Drink Tea and Coffee Market: Global Industry Trends, Shares, Sizes, Growth, Opportunities and Forecasts 2022-2027 report added of ResearchAndMarkets.com Recruitment.
Global ready-to-drink tea and coffee market size reached US$94.3 billion Going forward, publishers expect the market to reach US$140.7 billion By 2027, it will exhibit a CAGR of 6.9% from 2021 to 2027.
With the uncertainty of COVID-19 in mind, we are continuously tracking and assessing the direct and indirect impacts of the pandemic. These insights are included in the report as key market contributors.
Ready-to-drink (RTD) tea and coffee refers to pre-packaged beverages that are ready-to-drink at the time of purchase. Commonly available RTD teas include fruit, black, green, herbal, matcha, oolong and iced, and RTD coffees include mate, guarana, acai berry, ginseng, taurine and iced variations. will be
They are manufactured with a variety of additives, extracts, preservatives, artificial and natural sweeteners, flavors, acidulants, and dietary supplements.These products are typically fortified with essential vitamins and minerals. For example, RTD green tea is infused with catechins, and black coffee is rich in B vitamins, potassium, magnesium, polyphenols, and caffeine.
They are widely available in cans, glass bottles, polyethylene terephthalate (PET) bottles, and sterile cartons. Compared to traditional mixed beverages, powders, and self-brewed tea and coffee products, RTD teas and coffees offer consumers a range of health benefits and increased convenience.
Growing Popularity of Ready-to-Drink Beverages Drives Market Growth
The market is primarily driven by increasing global demand for RTD beverages such as packaged tea and coffee. Changing lifestyles, increasing spending capacity, and changing dietary preferences of consumers are further driving the growth of the market.
A growing workforce and busy schedules have significantly increased the consumption of RTD tea and coffee products. Consumers increasingly prefer food and beverages that require minimal preparation time and can be consumed on the go. Canned and bottled packaging of these beverages has also increased consumer convenience, thereby increasing overall demand.
Significant Growth in Food and Beverage Industry Favoring Market Growth
Growing demand for ready-to-drink tea and coffee is further fueled by significant growth in the global food and beverage industry. Hotels, cafes and quick-serving restaurant (QSR) chains offer a variety of his RTD beverages to their customers.
It is also used as a recreational product to attract a younger population seeking healthier alternatives to sugary carbonated beverages. It is also known to improve levels, hydration levels and eyesight.
Certain herb- and spice-infused variants like ginger, cumin, fennel, basil, and rosehip also contain anti-inflammatory compounds that help reduce body aches, bloating, joint and muscle pain. Additionally, RTD coffee is considered a gourmet product and is widely preferred by consumers for relaxing from their hectic schedules.
A shift in preference towards organic product variations to create a positive outlook for the market
The emerging trend of healthy beverages has significantly increased the demand for RTD teas and coffees. Growing health awareness among the public is also leading to increased demand for healthier, organic beverages made with non-genetically modified organism (GMO) ingredients or functional formulations. Product makers are also developing flavor-enhanced variations, produced using plant-based milks and infused with fruity and floral flavors such as apple, peach, orange, lavender and rose.
Surge in Online Retail Channels to Drive Market Growth
The market is further driven by aggressive promotional activities by product manufacturers on various social media platforms over the internet. In line with this, the millennial generation is one of the biggest consumers of RTD beverages and is heavily influenced by social media personalities.
Key Market Segmentation:
The publisher offers an analysis of key trends in each sub-segment of the Global Ready-to-Drink Tea and Coffee market report along with forecasts at the global and regional levels from 2022 to 2027. Our report categorizes the market based on products, additives, packaging, price segments and distribution channels.
Breakdown by product:
- RTD Tee
- black tea
- fruit & herbal tea
- Oolong Tea
- Green Tea
- RTD coffee
- Vitamin B
- mate tea
- Acai berry
Decomposition by additives:
- artificial sweetener
- Dietary supplement
Breakdown by package:
- glass bottle
- PET bottles
Breakdown by price segment:
- popular price
- super premium
Breakdown by distribution channel:
- off trade
- independent retailer
- supermarkets and hypermarkets
- convenience store
- During trading
- food service
- vending machine
- North America
- Asia Pacific
- middle east When Africa
- latin america
The report also analyzes the competitive landscape of the market, with some of the key players being Asahi Breweries, Dr. Pepper Snapple Group, Starbucks, PepsiCo, The Coca-Cola Company, Ajinomoto General Foods Inc., Tinshin International Group, and Uni-President. Enterprises Corporation, Nestle, Dunkin’ Brands, Ferrito Vultaggio & Sons, Keurig Dr Pepper, Hangzhou Wahaha Group, Lotte Chilsung, Monster Beverage, Acqua Minerale San Benedetto, Kirin Holdings Company, Unilever, Arizona Beverage Company, Suntory, etc.
Key questions answered in this report
1. What is the size of the global ready-to-drink tea and coffee market?
2. What is the expected growth rate of the global ready-to-drink tea and coffee market?
3. What are the key factors driving the global ready-to-drink tea and coffee market?
4. What impact has COVID-19 had on the global instant tea and coffee market?
5. What are the divisions of the global ready-to-drink tea and coffee market on the basis of product?
6. What is the division of the global ready-to-drink tea and coffee market based on packaging?
7. What are the divisions of the global ready-to-drink tea and coffee market based on distribution channel?
8. What are the major regions of the global ready-to-drink tea and coffee market?
9. Who are the key players/companies in the global Ready-to-Drink Tea and Coffee market?
For more information on this report, please visit https://www.researchandmarkets.com/r/xd00cp.
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