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Ready to Drink (RTD) Tea and Coffee Market Overview 2015-2021 by Leading Companies Coca-Cola, Ting Hsin, Uni-President, Unilever, JBD Group & Others

01-17-2020 02:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Kenneth Research

Ready to Drink (RTD) Tea and Coffee Market SHARE, TREND, OPPORTUNITY AND FORECAST

Ready to Drink (RTD) Tea and Coffee Market SHARE, TREND, OPPORTUNITY AND FORECAST

Global Ready to Drink (RTD) Tea and Coffee Market Overview

Hectic pace of today’s modern lifestyle is very disadvantageous to our health as it badly affects our dietary habits. Ready to drink tea and coffee have emerged as an instant and healthier option available to people and are currently in great demand in the beverage industry. The global ready to drink (RTD) tea and coffee market is envisioned to escalate at compound annual growth rate (CAGR) of 5.3% and is expected to reach 50 billion litres (in terms of consumption) by 2021. Geographically, the global RTD tea and coffee market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World.

Request To Download Sample of This Strategic Report:
https://www.kennethresearch.com/sample-request-10075227

Market Size and Forecast

With 65.2% of share in 2015, Asia-Pacific dominates the global RTD tea and coffee market. The region is further believed to have the highest growth in RTD tea and coffee market sparked by rapidly expanding urban population, increasing per capita income and rising adoption of café culture in countries such as India and China. At present, with 55% of market share Japan dominates Asia-Pacific RTD tea and coffee market followed by China with 29% share. North America accounted for 23.2% of RTD tea and coffee market in 2015.

The U.S. is the largest market RTD tea and coffee market in North America followed by Canada. Sales of RTD tea and Coffee witnessed a year-on-year (Y-O-Y) growth rate of 3.9% over 2014-2015. Europe accounted for approximately 11.0% of market in 2015. The market in the region is propelled by increasing demand for healthier beverages over existing carbonated drinks. With 2.1% share Middle East and Africa RTD market is still in its initial phase. However, the market in the region is set for a burgeoned growth in future.

Major Key Players of Global Market:
Coca-Cola, Ting Hsin, Uni-President, Unilever, JBD Group, San Benedetto, Ferolito Vultaggio, Nestlé S.A., AriZona Beverage Co LLC, Pepsico Inc, Other Key Players.

Market Segmentation:
By Additives, By Packaging, By Type, By Major Key Players and Distribution Channels.

Growth Drivers and challenges

Increasing heath consciousness coupled with increasing inclination of youth towards ready to drink beverages is believed to garner the growth of global RTD tea and coffee market over the forecast period i.e. 2015-2021. In addition to that increasing awareness about health benefits of RTD tea and coffee over carbonated drinks is also believed to foster the global RTD tea and coffee market in future.

However, limited commercial refrigeration service availability in developing countries and increasing cost of raw materials is projected to restrain the growth of global RTD tea and coffee market over next few years.

For More Details:
https://www.kennethresearch.com/report-details/ready-to-drink-rtd-tea-and-coffee-market/10075227

Contact Us
Name: David
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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