A recent report published by Infinium Global Research on ready to drink tea and coffee market provides in-depth analysis of segments and sub-segments in the global as well as regional ready to drink tea and coffee market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional ready to drink tea and coffee market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global ready to drink tea and coffee market. According to the report, the global ready to drink tea and coffee market is projected to grow at a CAGR of 6.88% over the forecast period of 2019-2025.
The non-alcoholic beverage industry is a matured market and it needs new and innovative products to tap the undiscovered part of the market. Ready to drink (RTD) teas and coffees provide great revenue opportunities to the companies in the market. RTD teas and coffees offer several products with different flavors and textures. Major players in the beverage industry such as Coca-Cola Company, PepsiCo, Inc., Nestlé S.A., Monster Beverage Corporation, Dr. Pepper Snapple Group, Acqua Minerale San Benedetto S.p.A., and others are investing in the ready to drink tea and coffee market by launching new and innovative products in the market.
The increase in the health-conscious population is majorly driving the ready to drink tea and coffee market. The growing young population is very concerned about their health and fitness and tea and coffee are proven to be beneficial for health, which supports the demand for the ready to drink tea and coffee. Moreover, the rapidly changing lifestyle and the demographics, particularly in the emerging economies is expanding the growth of the ready to drink tea and coffee market. The increase in the working class population, especially the working women, augments the demand for RTD beverages. Furthermore, the increase in the disposable income of the people is contributing to the growth of the ready to drink tea and coffee. However, increasing the cost of the raw materials required for RTD teas and coffees is the major restraining factor for the growth of the ready to drink tea and coffee market. Nevertheless, the growing trend of self-nutrition and preventive healthcare behavior is expected to offer favorable opportunities for the key players in the ready to drink tea and coffee market.
Geographically, Asia Pacific generated the highest revenue for the ready to drink tea and coffee, dominating the global market. The largest share of the Asia Pacific market attributed to a large amount of land under tree and coffee plantation, particularly in China and Japan. Moreover, the increasing spending capacity of the consumers is expected to boost the growth of the ready to drink tea and coffee market in this region.
The report on global ready to drink tea and coffee market covers segments such as type, packaging, and distribution channel. On the basis of type, the sub-markets include tea, and coffee. On the basis of packaging, the sub-markets include canned, glass bottle, pet bottle, and other packaging. On the basis of distribution channel, the sub-markets include supermarket/hypermarket, convenience stores, food service, and other distribution channels.
The report provides profiles of the companies in the market such as Starbucks Corporation, Coca-Cola Company, PepsiCo, Inc., Nestlé S.A., Monster Beverage Corporation, Dr Pepper Snapple Group, Acqua Minerale San Benedetto S.p.A., Taisun Enterprise Co. Ltd., Japan Tobacco Inc., Asahi Group Holdings, Ltd., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of ready to drink tea and coffee market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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