openPR Logo
Press release

Conventional Bottled Tea Consumption at 32 Million Liters in 2017, Organic Variants Gaining Popularity

11-28-2018 01:17 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Conventional Bottled Tea Consumption at 32 Million Liters

Global consumption of bottled tea is expected to surpass 41 Mn Liters, growing at a Y-o-Y of 3.4% in 2018 over 2017. Overall growth of the Bottled Tea Market can be attributed to,

Increasing appetite for specialty teas and their easier availability
Health conscious consumers preference for healthful tea beverages
Millennials’ developing palate for different RTD bottled tea flavors
Accessibility of bottled tea across various sales channels

“The bottled tea marketplace is heavily impacted by evolving consumer sentiments wherein vendor revenues dwindled half a decade ago on the back of a contagious low- or no-sugar beverage trend. As manufacturers ramped up the production of no-sugar tea varieties, the bottled tea market has surpassed US$ 47 Bn in 2017 and the status quo is highly likely to continue in 2018,” says a senior analyst at Fact.MR.

Request For Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=2371

The study opines that the demand for still variety of bottled tea will witness over 35 Mn Liters consumption globally in 2018. However, sparkling tea revenues are set to grow at a 6% Y-o-Y in 2018 over 2017. This rapid expansion can be attributed to growing demand among millennials and generation Z for sparkling tea, in particular, sparkling ice tea. The bottled tea marketplace is witnessing manufacturer investments in introducing new varieties of sparkling ice tea.

Conventional bottled tea has remained the primary choice among tea lovers until the arrival of organic tea variant. Fact.MR finds that the consumption of conventional variants will hold over 80% of the total bottled tea consumption in 2018. However, demand for organic variants is growing rapidly wherein consumption will increase over 4 Mn Liters in 2018 over 2017.

Fact.MR study finds 30% of bottled tea consumed to be black tea in 2018. Black tea continues to remain the highly popular tea blends and is consumed for its potential health benefits.

Fact.MR estimated green tea occupied one-fourth of the global bottled tea consumption in 2017. Traditional recognition of green tea as a medicine and a higher concentration of antioxidants, particularly epigallocatechin gallate (EGCG) continue to encourage green tea consumption globally.

Browse Full Report on Bottled Tea Market with TOC- https://www.factmr.com/report/2371/bottled-tea-market

The retail shelves of multiple stores and online channels now have a variety of organic bottled tea. Staying ahead of consumer demand, manufacturers of organic bottled tea are actively engaged in expansion activities.

HORECA, according to the Fact.MR study continues to present a significant demand for bottled tea.  Consumer packaged goods (CPG) industry is significantly investing in HORECA on the back of growing consumer sentiments such as eating outside home and preference for ready-to-eat foods. The study also finds that modern trade will be the next preferred sales channel for bottled tea among consumers.

APEJ Helms Bottled Tea Consumption, Held 40% of volume Sales in 2017

Globally, the bottled tea consumption remains concentrated in the APEJ region. With the region’s populous nature and its significant millennial population, APEJ accounted for two-fifth of the global bottled tea consumption in 2017. Fact.MR estimates that Greater China consumed nearly 43% of the APEJ bottled tea consumption. According to Fact.MR, the popularity of black tea in the region has significantly contributed to the steady rising bottled tea consumption.

The bottled tea market growth, according to Fact.MR will continue its upwards steady trend on the back of increasing preference for ready-to-eat beverages and consumer-driven product innovations. As manufacturers focus on expanding their global footprints, bottled tea popularity is here-to-stay in the future.

The Fact.MR report tracks the bottled tea market for the period 2018-2027. According to the report, the bottled tea market is projected to grow at nearly 4% CAGR through 2027.

To Buy Bottled Tea Market Report, Check- https://www.factmr.com/checkout/2371/S

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Conventional Bottled Tea Consumption at 32 Million Liters in 2017, Organic Variants Gaining Popularity here

News-ID: 1405122 • Views: 185

More Releases from Fact.MR

07-02-2020 | Health & Medicine
Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fact.MR
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
Hand Sanitizer Market to Surpass US$ 2.8 Bn, Instant Hand Sanitizer Poised to Ho …
The global hand sanitizer market is set to surpass a value of ~US$ 1.4 Bn in 2020 and is anticipated to cross US$ ~2.8 Bn during the forecast period 2020-2030. The demand for gel-based sanitizer is on the rise as compared to foaming or spray sanitizer. Thus, manufacturers are focusing on developing gel-based sanitizers as they are widely used in multiple end-use industries. With the increased penetration of the online
03-20-2020 | Health & Medicine
Fact.MR
Medical Marker Bands Market Grows on the back of Their Radiopacity and Cost-effe …
Radiopacity of medical marker bands is giving significant impetus to their demand in the medical marker bands market. The properties of medical marker bands that increases their visibility under fluoroscopes or x-ray during critical procedures is giving an uptick to their sales worldwide. Manufacturers of medical marker bands are also showing a marked preference for cost-effective materials such as polymer and tantalum instead of traditional gold, platinum and palladium. On

All 5 Releases


More Releases for Bottled

Global Bottled Water Size and Segments
The Business Research Company’s global Bottled Water market report, covers the year-on-year growth of the global Bottled Water market historic and forecast growth. It also includes chapters on the Bottled Water market trends, Bottled Water geographical analysis, Bottled Water driver and restraints, and Bottled Water leading competitors’ revenues, profiles and market shares. Order the global Bottled Water market report at: https://www.thebusinessresearchcompany.com/report/bottled-water-global-market-opportunities-and-strategies-to-2021 Global Bottled Water Market Segments The Bottled Water industry can be further categorized
Bottled Water Market Report 2018
This report split USA into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Bottled Water for these regions, from 2012 to 2023 (forecast), including Northeast Midwest South West USA Bottled Water market competition by top manufacturers/players, with Bottled Water sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including Ajegroup SA CG Roxane Coca-Cola Company Groupe Danone Arrowhead HassiaWaters International Hangzhou Wahaha Grupo Vichy Catalan Icelandic Water Holdings ehf. Mountain Valley
Bottled Water Market in India 2017
ReportsWeb.com has announced the addition of the “Global Bottled Water Market Research Report” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. The bottled water market in India is estimated to grow at a CAGR of 22.3% through 2020. Bottled water in India is essentially purified water that may contain added minerals. Download the report for a complete overview of the
Global Bottled Water Market Outlook 2017-2022
Summary Orbis Research delivers key insights on the Global Bottled Water market in a new report titled “2017 Market Research Report on Global Bottled Water Industry.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022). Description The Global Bottled Water Market report offers a comprehensive evaluation of the Global Bottled Water industry. This report evaluates the Global
Bottled Water Market - Global Industry Analysis 2024
Global Bottled Water Market: Snapshot The global market for bottled water has gained significant momentum in the past few years, chiefly owing to the increasing global demand for convenient, safer, healthy, and refreshing beverages. Rising concerns regarding the adverse effects of the high-sugar content of carbonated soft drinks and increasing disposable incomes of the population in Asia pacific, Latin America, and Eastern Europe have also significantly contributed to the increasing demand
Bottled Water Market - Global Industry Analysis 2024
Transparency Market Research (TMR) delivers key insights on the global bottled water market in its recent outlook titled “Bottled Water Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024”. In terms of value, the global bottled water market is expected to expand at a CAGR of 6.6% during the forecast period (2016–2024). In 2015, the global bottled water market was valued at US$ 169.9 Bn and