Ready to Drink (RTD) Tea and Coffee Market Trends, Overview and Market Consumption Forecast to 2025
26 February 2019 - Global Ready
to Drink (RTD) Tea and Coffee Market is anticipated to grow at a
significant CAGR in the forthcoming period. Availability and convenience of
ready to drink (RTD) tea and coffee is constant coupled with the change in
lifestyle of consumers across the world. A consumer in the modern era spends
less time and are trending towards eating lighter meals. RTD tea and coffee is
beneficiary since this trend as consumers are more health conscious and opt for
suitable alternatives to healthy drinks.
From
the market point of view, convenience packaging for tea and coffee markets
started decades back and RTD beverages enable consumers with convenience. No
special preparation is needed and can be consumed immediately. RTD bottles and
cans permit easy distribution and products available to consumers at several
points of consumption such as fast food outlets, restaurants and vending
machines.
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Driving
factors responsible for the growth of ready to drink (RTD) tea and coffee
industry includes rise in popularity of tea and coffee consumption owing to
their antioxidant characteristics and source of low calories. Moreover, rise in
tea and coffee ventures serving RTD tea and coffee is anticipated to propel the
ready to drink (RTD) tea and coffee market. Additionally, the rise in
disposable income, marketing, brand positioning of RTD tea and coffee also acts
as a chief driver to the market growth. However, inclination of consumers
towards healthy drinks owing to rise in diseases such as obesity and diabetes
is likely to hamper the market growth.
Segmentation
based on type, the ready to drink (RTD) tea and coffee industry includes black
tea, fruit tea, herbal-based tea, green tea and oolong tea. The ready to drink
(RTD) tea and coffee market is segmented on the basis of packaging and pricing
that includes pet bottle, glass bottle, canned and cartons/fountain. Based on
ingredients, the industry is fragmented into guarana, taurine, acai berry and
yerba mate.
Geographically,
ready to drink (RTD) tea and coffee market spans North America, Latin America,
Europe, Asia-Pacific, Middle-East and Africa. North America and Europe market
is expected to gain a significant share in the ready to drink (RTD) tea and
coffee industry owing to rise in trend of RTD dispensers installed at various
outlets in public. APAC market is expected to gain a significant share in the
market growth due to ease of consumer availability. MEA market is also expected
to gain a significant share due to availability of natural resources and
positioning of several brands.
The
key players in the ready to drink (RTD) tea and coffee market Starbucks
Corporation, Asahi Group Holdings, The Coca-Cola Company, PepsicoInc, Monster
Beverage Company, San Benedetto, Hangzhou Wahaha Group, FerolitoVulataggio and
Sons, Japan Tobacco Inc, Dr Pepper Snapple Group and Taisun Enterprises Co Ltd.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Ready to Drink (RTD) Tea and Coffee in these
regions, from 2013 to 2025 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Ready to Drink (RTD) Tea and
Coffee market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
•
Suntory Holdings
•
Nestle S.A
•
Unilever NV
•
The Coca Cola Company
•
Ting Hsin International Group
•
Hangzhou Wahaha International Group
•
Uni-President Enterprises
•
Pepsico
•
Starbucks Corporation
•
Monster Beverage Corporation
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