Ready to Drink Tea and Coffee Market To Record Lucrative Growth, Revenue To Surge To US$ 137.64 Billion By 2022

With the presence of a large pool of participants, the global ready to drink tea and coffee market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Danone SA, Monster Beverage Corporation, Starbucks Corporation, Sapporo Beverage Co., Ltd, Ting Hsin International Group, Nestle S.A., Suntory Holdings Ltd, Arizona Beverage Company, and Asahi Group Holdings are some of the key vendors of ready to drink tea and coffee across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the ready to drink tea and coffee market study.

This review is based on a report by Zion Market Research, titled “Ready to Drink Tea and Coffee Market (RTD Tea and RTD Coffee) for Canned Packaging, Glass Bottle Packaging, PET Bottle Packaging and Others: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022.”- https://www.zionmarketresearch.com/report/ready-drink-tea-coffee-market

Citing an instance, in September 2018, Coca-Cola is entering in a diversified business portfolio of coffee and retail outlets through purchase of UK chain Costa for US$ 5.1-billion. Reportedly, it is the largest acquisition of the firm in eight years that is projected to push the giant soft-drink manufacturer into fiercely competitive ready to drink tea and coffee market.  

As estimated in this report, the global ready to drink tea and coffee market stood at US$ 92.11 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this ready to drink tea and coffee market is expected to reach US$ 137.64 billion by the end of the forecast period. The main products available in this drink tea and coffee market are ready to drink tea and ready to drink coffee. Among them, the demand for ready to drink tea is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Bulge In Disposable Income Of The Global Population To Surge Market Revenue

“Rise in per capita income of the global population along with surge in health consciousness among the individuals is likely to generate profitable avenues for ready to drink tea and coffee market in the years to come,” says the author of this study. Apart from this, compatibility of myriad flavors along with enhanced nutritional value of the products is likely to boost ready to drink tea and coffee market trends in the near future. In addition, drastically shifting retail distribution environment coupled with flourishing ecommerce activities is projected to contribute remarkably towards ready to drink tea and coffee market revenue in the forthcoming years.

Massive popularity for on-the-go health drinks across the globe has largely influenced the product consumption in developed countries, thereby further accelerating the expansion of the ready to drink tea and coffee market.

Massive Tea & Coffee Plantations To Support APAC’s Regional Dominance  

Regionally, Asia Pacific has been leading the worldwide ready to drink tea and coffee market and is anticipated to continue on the dominant position in the years to come, states the ready to drink tea and coffee market study. Immensely exploding population growth rate and increase in the purchasing power of the people in the region is the main factor behind the dominance of the Asia Pacific ready to drink tea and coffee market. Huge amount of tea and coffee plantations in countries such as Japan and China of Asia Pacific is another significant factor that is supporting the growth of this regional ready to drink tea and coffee market. In addition, humungous demand for the product from the countries such as India, Thailand, and Indonesia are anticipated to soar the Asia Pacific ready to drink tea and coffee market revenue.

The global ready to drinks tea and coffee market is segmented as follows:

By Packaging Type

• Canned Packaging
• Glass Bottle Packaging
• PET Bottle Packaging
• Others Packaging

By Product Type

• RTD Tea
• RTD Coffee

By Distribution Channel

• Supermarket/Hypermarket
• Convenience Store
• Food Service
• Others

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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