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.