According to
the report, the global ready to drink tea and coffee market was valued at
around USD 92.11 billion in 2016 and is expected to reach approximately USD
137.64 billion by 2022, growing at a CAGR of around 6.92% between 2017 and
2022. The report covers forecast and analysis for the ready to drink tea and
coffee market on a global and regional level. The study provides historic data
of 2014, 2015 and 2016 along with a forecast from 2017 to 2022 based on revenue
(USD million). The study includes drivers and restraints for the ready to drink
tea and coffee market along with the impact they have on the demand over the
forecast period. Additionally, the report includes the study of opportunities
and threats to ready to drink tea and coffee market on a global level.
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Tea and
coffee are one of the widely consumed drinks in the world. Tea and coffee
processing has undergone lots of changes over the last 100 years, from loose
packages to blended packages, tea & Coffee packets, tea & Coffee bags,
instant tea & Coffee, and finally ready-to-drink (RTD) tea & Coffee. In
addition, consumers look for healthier alternatives to soft drinks, RTD tea
& Coffee has become one of the dynamic categories in the world market.
Among all kind of beverages available, tea & Coffee has been long known as
one of the most favorites for almost everyone from different culture and
region. Drinking tea & Coffee even has been a part of special habit in
several cultures. RTD tea and coffee are a part of the fastest growing product
in the soft drinks industry.
Tea &
Coffee RTD drinks are not only perceived as instant energy drinks but also
having importance as a part of lifestyles in major countries around the world.
RTD Tea & Coffee is expected to show significant growth rate within the
forecast period due to the enhanced nutritional benefits and compatibility of
RTD Tea & Coffee with different flavors.
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Ready-to-drink
(RTD) tea & Coffee market is mainly segmented on the basis of the type of
product, type of packaging and by distribution channel. On the basis of channel
distribution, Supermarkets/Hypermarkets segments are the most preferred
distribution channel contributing more than 36% of the global market in terms
of revenue. Changing and improved
distributions channels in developing countries are expected to show higher
demand for RTD tea and coffee through Supermarkets/Hypermarkets channel. In
terms of value, food service segments are one of the fastest growing market
segment and expected to show CAGR of over 6% within the forecast period 2017 to
2022. The PET Bottle segment is expected
to dominate the ready to drink tea and coffee market within the forecast
period. The demand is totally impacted by packaging method; the PET bottle is
getting consumed higher than any other type of packing segment
In terms of
revenue, Asia Pacific accounted for the largest market share in 2016. The
demand is mainly driven by countries like Japan and China which have a high
number of tea and coffee plantations. Growing demand from countries like India
Thailand and Indonesia during forecast period is expected to increase overall
Asia-pacific demand during the forecast period. Middle East & Africa is
also expected to show CAGR of over 7% during the forecast period.
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Some of the
key players include in PepsiCo Inc., The Coca-Cola Company, Suntory Holdings
Ltd, Nestle S.A., Ting Hsin International Group, Sapparo Beverage Co. Ltd and
others.
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