RTD Tea Drinks Market size shall reach a value of $137,028.1 Million in 2027, growing with a CAGR of 5.6% during the forecast period of 2020 to 2027.
RTD Tea Drinks Market Growth and Trends
The increasing demand for energy drinks as daily consumption beverages is scaling up the demand for RTD products, of RTD tea occupies a large share. Modified lifestyles that encourage on-the-go eating and a rising trend to replace meals with nutritional snacks have increased the adoption of RTD tea. In addition, the trend of being proactive to chronic health problems is leading to a staggering volume of demand for ready to drink tea because they comprise antioxidants and other essential ingredients. Global trends are inclined towards personalized nutrition. The product segment is anticipated to gain momentum due to the increasing demand for iced tea and concentrates. Introduction of new flavours in the product category is most likely to further augment the industry demand for these products. Rapid development in the socio-economic aspect is resulting in alarming rise in chronic diseases such as heart disease, cancer, and diabetes, and increasing health consciousness among the geriatric population with regard to chronic diseases is bolstering consumer demand towards RTD tea. Increase in healthcare cost is creating awareness of the rising costs associated with proper medical facilities, and high cost with respect to healthcare has led people to indulge in self-nutrition and preventive healthcare behaviour. Therefore, such behaviour can lead to an increase in the demand for RTD tea which offers several health benefits. The working population are more in favour of carrying their own RTD tea beverage as they often may not prefer the available options at the workplace. This is also showing a rising trend in demand for RTD tea.
Although there is a huge thriving market for RTD beverages in general, of which RTD tea is highly popular on a global scale, fluctuating prices of raw materials for changes in climatic conditions across the world are anticipated to slow down market growth.
RTD Tea Drinks Market Competition
Key companies operating in this industry are Ting Hsin International, Coca-Cola, ITO EN Inc., JDB Group, Uni-President Enterprises, Unilever, Arizona Beverage Company and OISHI GROUP.
Coverage Highlights
• RTD Tea Drinks Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
RTD Tea Drinks Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Glass Bottle
• PET Bottle
• Canned
• Others
Application Outlook (Revenue, USD Million, 2020 - 2027)
• On Trade
• Off Trade
Country (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
RTD Tea Drinks Market Companies
• Ting Hsin International
• Coca-Cola
• ITO EN Inc.
• JDB Group
• Uni-President Enterprises
• Unilever
• Arizona Beverage Company
• OISHI GROUP
