Conventional Ice Tea to add 2X its market value over the forecast period 2020-2030

Over the historical period, the ice tea market grew at a conspicuous rate of 5.4%, owing to preeminent demand for bottled tea, globally. Changing consumer preferences for quick and ready-to-make beverages has augmented the sales of ice tea across regions.

Click here to Get Synopsis of the Report https://www.factmr.com/report/ice-tea-market
 
Over the coming years, extensive demand for ice tea is expected with the arrival of trendy and flashy flavors. Also, reduced sugar content and health-beneficial unsweetened ice tea is expected to go mainstream, and is predicted to drive the market over the coming years. Pertaining to rise in illnesses such as heart diseases, cancer, cholesterol, and diabetes, the industry is witnessing high growth in demand for herbal tea and green tea.

As per Fact.MR analysis, the global ice tea market is projected to expand at a healthy CAGR of over 7% through 2030.

For detailed insights on enhancing your product footprint, request for a sample here https://www.factmr.com/connectus/sample?flag=S&rep_id=5508

Key Takeaways from Ice Tea Market Study

• The global ice tea market is anticipated to add 2X value by 2030.
• Bottled ice tea is predicted to grow at a sturdy rate of more than 6% CAGR over the forecast period.
• East Asia is the transcendent market with a value of US$ 33.3 Bn in 2019, and is set to balloon at a vigorous CAGR of 7.2% during the forecast period.
• Organic Ice tea is set observe a brisk growth rate of 8.% CAGR, while conventional ice tea is projected to add 2X its value over the forecast period.
• Regions such as Latin America and the Middle East & Africa are projected to witness a surge at CAGRs of 8.6% and 8.8%, respectively.
• By sales channel, online retailers is leading among all, globally, in term of growth rate, expected to progress at a high CAGR of more than 9% over the forecast period, whilst departmental stores are expected to follow next at a handsome CAGR of 7.5%.

For critical insights on this market, request for methodology here https://www.factmr.com/connectus/sample?flag=RM&rep_id=5508

• An important market, China, is projected to expand at a CAGR of 7.6%, while India is set to race ahead at 9.3%.
• The U.S. ice tea market is expected to expand at a CAGR of more than 7% through 2030.

“Targeted mergers & acquisitions of trending companies in market is a key strategy being adopted by many market players,” says a Fact.MR analyst.

Regional Analysis

North America is the transcendent region, thanks to constantly increasing demand for ice tea, as the U.S. consumes around 85% of tea in the iced form. Asian countries such as China, Japan, and India are also expected to witness whopping growth due to considerable increase in population, rising per capita income of the populace, health-conscious consumers looking for sugar-free beverages with low caffeine content and rich in minerals. Europeans are generally considered as hot tea drinkers, but a horde of flavors in offering and changing consumer needs have helped the market grow steadily.

For in-depth competitive analysis, buy now https://www.factmr.com/checkout/5508/S

Portfolio Expansion and M&A activities by Key Players

Key players such as Nestle Inc. and Coca Cola are pivoting their focus on mergers & acquisitions to gain significant market dominance. Coca Cola completed the acquisition of Costa Coffee, and acquired full ownership of CHI limited to distribute its iced teas in West Africa, which will help the company gain significant market share in the region. Similarly, Unilever has decided to sell its stake in a joint venture with Pepsi in Lipton Iced Tea in other geographic regions except the Indian and Indonesian markets, which was part of its strategic divestiture plan announced in 2020.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Research Insight: https://www.factmr.com/report/ice-tea-market
Content Source: https://www.factmr.com/media-release/1816/global-ice-tea-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.