0
2020
Ready-to-drink (rtd) Tea Market

Ready-to-drink (RTD) Tea Market

by Type (Green Tea, Black Tea, and Others), Category (Organic and Conventional), and Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Online Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2027
Update Available On-Demand

Report Code: A07173
Pages: 299
Sep 2020 | 12110 Views
Author(s) : Raju K , Roshan D
Tables: 152
Charts: 79
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Ready-to-drink (rtd) Tea Market

Request Now !

The global ready-to-drink tea market size was valued at $29.66 billion in 2019, and is anticipated to reach $38.96 billion by 2027, with a CAGR of 5.5% during the forecast period from 2021 to 2027. The black tea segment was the highest contributor to the market, and is estimated to reach $17.09 billion by 2027, registering a CAGR of 4.9% during the forecast period. U.S. is one of the prominent countriesin the market that accounted for a sizeable share of the total market in 2019. 

RTD tea is a packaged tea in its prepared form that is ready for consumption. It is made available in various flavors by key players in the market. Tea is the most consumed nonalcoholic beverageafter the water. 

Increase in awareness about the health benefits associated with RTD tea is encouraging consumers to focus on adopting a healthy lifestyle, which is a key factor that contributes toward the growth of the global ready-to-drink tea market. Moreover, RTD aids in weight loss, reduces headache& body pain, and decreases in cholesterol levels &the risk of chances of heart attacks. These associated benefits coupled with rise in awareness for adoption of healthy lifestyle is expected to fuel the growth of the global market in the upcoming years. In addition, rise in disposable income; availability of ready-to-drink tea with convenient & attractive packaging; and increase in number of cafés, online & offline retail stores, and food outlets are the other factors anticipated to foster the ready-to-drink tea market growth, globally.

However, high price of ready-to-drinkgreen tea as compared to RTD black tea products and increase in consumption of ready-to-drinkcoffee are anticipated to restrain the growth of the global ready-to-drink tea market. On the contrary, extension of product portfolio and introduction of innovative flavors are anticipated to offer remunerative opportunities for the expansion of the global RTD tea market during the forecast period.

Premiumbrands have started to develop accurate social media strategies to engage tech-savvy young consumers in social media activities that seek greater value for money, more personalization, and integrated digital access. A significant increase has been witnessed in the number of netizens along with rise in internet penetration. Most key players in the ready-to-drink Tea market strategize on promoting their products on various social media platforms. Thus, through the social media marketing strategy, the RTD tea market is expected to sight remunerative growth opportunity during the forecast period.

Moreover, the outbreak of the novel coronavirus has significantly affected the growth of the ready-to-drink tea market. The decline in growth in the ready-to-drink tea market can be attributed to disruption in the supply chain. Moreover, halt in the production of tea and its processing due to lockdown and social distancing being practiced all around the world have adversely affected the growth of this industry. The ready-to-drink tea market on the other hand has not experienced a steep down trend, in terms of demand, as it remains somewhat similar prior to the virus outbreak, being a daily consumable item. This disparity in the availability of product and its demand is expected foster quick recovery for the RTD tea market once the pandemic ends.

RTD-Tea-Market-2021-2027

According to the ready-to-drink tea market analysis, the market is segmented into type, category, distribution channel, and region. By type, the market is categorized into green tea, black tea, and others. Depending on category, it is bifurcated into organic and conventional. On the basis of distribution channel, it is segregated into supermarkets/hypermarkets, specialty stores, online stores, and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, the Italy, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, Pakistan, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, United Arab Emirates, Nigeria, Turkey, South Africa, and rest of LAMEA).

Ready-to-drink (RTD) Tea Market
By Type

Your browser does not support the canvas element.

The Black tea segment held the major share of 45.9% in 2019

Get more information on this report : Request Sample Pages

On the basis of type, the black tea segment accounted for the maximum ready-to-drink tea market share in in 2019, and is anticipated to remain dominant throughout the ready-to-drink tea market forecast period, owing to rise in number of tea drinkers across the globe. Furthermore, high concentration of antioxidants and polyphenols makes black tea popular among health-conscious people, which propels the growth of the black tea segment. Moreover, it helps in curing headache and cancer as well as regulating blood pressure, which boosts its demand, globally, thereby driving the growth of the market.

Ready-to-drink (RTD) Tea Market
By Category

Your browser does not support the canvas element.

The organic segment witness a CAGR of 6.7% from 2021-2027

Get more information on this report : Request Sample Pages

On the basis of category, the organic tea segment accounted for the maximum share in the global market in 2019. This is attributed to the fact that the popularity of RTD tea has been witnessed to increase in the conventional category, owing to rise instandardof livingand increase in know-how about the health benefits associated with RTD tea. Consumers in developing economies are conscious about the price they pay while making purchase decisions, and hence rise in awareness about the health benefits of ready-to-drink tea leads to increased its consumption in the developing region such as Asia-Pacific and LAMEA.

Ready-to-drink (RTD) Tea Market
By Distribution Channel

Your browser does not support the canvas element.

The Supermarkets/Hypermarkets segment helds the higest market share of 38.19% in 2019

Get more information on this report : Request Sample Pages

On the basis of distribution channel, the supermarkets/hypermarkets segment held a significant share in 2019, owing to increase in benefits offered by it such as discounts and availability of optimum options for cosmetics product. Moreover, the one-stop solution provided by these retail formats makes it a popular option for shopping for consumers. Furthermore, these retail formats offer a wide range of products at a competitive price to customers and are usually located at easily accessible areas, which propel the growth of the global ready-to-drink tea market.

Ready-to-drink (RTD) Tea Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

The North America region helds the higest market share of 39.73% in 2019

Get more information on this report : Request Sample Pages

Region wise, North America dominated the market in 2019, and accounting for the maximum share. The North America ready-to-drink tea market is mature and homogenous with high penetration, which is dominated by leading key players such as Coco Cola Company, Nestle, and Unilever. Moreover, shift in preference of consumers toward healthier alternatives of caffeinated beverages and toward tea and coffee is expected to provide opportunities for growth of the ready-to-drinktea market. To cater to increasing demand of customers, companies are acquiring big and local players to expand their product portfolio of RTD tea in the region.

Players in ready-to-drink tea market have adopted business expansion and product launchas their key development alstrategiesto expand their market share, increase profitability, and remain competitive in the market. The key players profiled in the report include Suntory Holdings, Nestle S.A, Unilever NV, The Coca Cola Company, Starbucks Corporation, The Republic of Tea, Tata Global Beverages, Danone S.A., Snapple Beverage Corp.(Keurig Dr Pepper), and Harney & Sons Fine Teas.

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current ready-to-drink tea market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing ready-to-drink tea market opportunity.
  • The major countries in each region are mapped according to their revenue contribution to the market. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the ready-to-drink tea industry.

Ready-to-drink (RTD) Tea Market Report Highlights

Aspects Details
By Type
  • Green Tea
  • Black Tea
  • Others
By Category
  • Organic
  • Conventional
By Distribution Channel
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online stores
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Indonesia, Pakistan, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Argentina, United Arab Emirates, Nigeria, Turkey, South Africa, Rest of LAMEA)
Key Market Players DANONE, HARNEY & SONS FINE TEAS, NESTLE S.A., SNAPPLE BEVERAGE CORP., STARBUCKS CORPORATION, BEAM SUNTORY, INC., TATA CONSUMER PRODUCTS LIMITED, THE COCA-COLA COMPANY, THE REPUBLIC OF TEA, UNILEVER PLC
 

Loading Table Of Content...


 
 

Various CXOs from leading companies perceive that health, fitness, and habit are three important factors that determine the growth of the ready-to-drink tea market. At present, consumers’ interest is shifting toward green tea & fruit/herbal tea, owing to the presence of diverse nutrients and numerous health benefits offered by it. The various nutrients present in RTD tea include different types of vitamins, amino acids, flavonoids, and trace minerals leading to stronger immunity, improved metabolism, lower cholesterol, cancer prevention, and other health benefits.    

Thus, new launches of specialty tea products such as RTD herbal/fruit tea, different types of ready-to-drink green tea, and the ones consisting of the black & green leaves combination have are anticipated to offer potential growth opportunities for the global market growth during the forecast period.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The Ready-to-drink (RTD) Tea Market Size From 2021 to 2027 is $10.72 billion.

A. The CAGR of Ready-to-drink (RTD) Tea Market is 5.5%.

A. Kindly raise an inquiry on the portal and our salesperson will get in touch with you with available purchase options.

A. The segments of Ready-to-drink (RTD) Tea Market are types, category and distribution channel.

A. Growth in RTD coffee consumption is the most effecting factors in the Ready-to-drink (RTD) Tea Market.

A. The forecast period in the market report is from 2021 to 2027.

A. Health benefits associated with tea, rising per capita income and the middle class, and rise in awareness among people for losing weight are the key trends in the Ready-to-drink (RTD) Tea Market report.

A. Introduction of new flavors and expanding of retail market are the current trends which is likely to shape the market in future.

A. The active players in the Ready-to-drink (RTD) Tea Market are Suntory Holdings, Nestle S.A, Unilever NV, The Coca Cola Company, Starbucks Corporation, The Republic of Tea, Tata Global Beverages, Danone S.A., Snapple Beverage Corp.( Keurig Dr Pepper), and Harney & Sons Fine Teas.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Ready-to-drink (rtd) Tea Market

Start reading instantly.
This Report and over 19,257+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Sep 2021 - Sep 2022)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2021 - Sep 2022)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2021 - Sep 2022)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2021 - Sep 2022)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2021 - Sep 2022)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers