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.
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.
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
• Southeast Asia
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
• Starbucks Corporation
• Monster Beverage Corporation
• Asahi Group Holdings
• Arizona Beverage Company
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• RTD Tea
• RTD Coffee
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Convenience Stores
• Food Service
Research Support Specialist, USA