Global Demand For Bottled Tea Is Anticipated To Grow At A Value CAGR Of 4% By 2032

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,
Along with the primary growth factors, this research also considers classification, engagement, applications, and market trends. In addition, this research analyses possibilities and obstacles in the market for bottled tea while concentrating on developing trends. Our experts' thorough analysis of CAGR and market size aims to provide a precise picture of the market. The base year for this paper is 2022, and the forecast window for this study is from 2023 to 2032. This report is overly extensive and helpful for preserving a competitive edge over others because it covers recent developments and the competitive landscape.

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"Evolving consumer attitudes have a significant impact on the bottled tea business. Vendor revenues started to decline half a decade ago as a result of a contagious low- or no-sugar beverage trend. The market for bottled tea has topped US$ 47 Bn in 2017, and the status quo is very likely to continue in 2018, according to a senior analyst at Fact.MR. This is because producers increased the production of no-sugar tea types. 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.
According to a Fact.MR analysis, black tea made almost 30% of all bottled teas consumed in 2018. Due to its possible health benefits, black tea is still one of the most widely consumed tea varieties.

Competitive Landscape

The competitive landscape section of the bottled tea market report provides a dashboard view of the market players operating in the global marketplace of bottled tea.
In addition, company profiles of key market players with a detailed information on product offerings, company share, regional presence and notable developments are included in the competitive landscape section.
Few of the profiled players in the bottled tea market include Suntory Holdings Ltd, Nestlé S.A, The Coca-Cola Company, Tsing Hsin International Group, PepsiCo Inc, Monster Beverage Company, Uni-President Enterprises, JDP Group, Arizona Beverage Company and OISHI GROUP.

Key manufacturers in the bottled tea market are leveraging strategies such as the expansion of production capacity as well as market presence as well as new product launch.

Suntory Products Ltd. has announced at the beginning of 2018 that it will strengthen the PET bottle production facility of Haruna plant.
The PET bottle products will be produced using aseptic packaging to stay ahead of the consumer trends such as health-consciousness and changing work style.

a Chicago-based loose-leaf tea company has launched a new line of functional cold brew bottled tea in targeted grocery stores in the U.S.
In November 2018, Buddha Teas, a California-based brand ventured into Latin America, Mexico with its bottled tea and beverages - single-herb teas, blends and RTD matcha beverage.
In January 2018, the Coca-Cola Company announced the launch of its popular tea brand - Fuzetea in Europe across 37 countries. The brand entails Coke's strategy to deliver low- and no-sugar options in more packages and locations.

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Segmentation

The bottled tea market is segmented based on product type, nature, flavor and sales channel.
This structure of the bottled tea market is thoroughly discussed in this section of the bottled tea market.
Based on product type, the bottled tea market is sub-segmented into still bottled tea and sparkling bottled tea.
Further, the bottled tea market segmentation based on sales channel includes HORECA, modern trade, specialty store, departmental stores, convenient store, online retailers, drug stores and other sales channels.
By nature, the bottled tea market is sub-segmented into organic and conventional bottled tea.
Among different flavors, the bottled tea market is studied for black tea, green tea, red tea, oolong tea, jasmine tea, herbal tea and fruit tea.

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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.

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