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Nitrogen-Infused Tea Market Is Valued At US$ 24.97 Million In 2023

08-08-2023 05:40 AM CET | Industry, Real Estate & Construction

Press release from: Factmr

Nitrogen-Infused Tea Market Is Valued At US$ 24.97 Million

The global nitrogen-infused tea market is worth US$ 24.97 million in 2023 and is expected to reach US$ 161.2 million by 2033, growing at a CAGR of 20.5% during the decade. Nitrogen-infused tea, often known as nitro tea, is a form of tea that has had nitrogen gas injected into it. Nitrogen infusion, like nitro coffee, gives the tea a frothy texture, giving a unique and delightful sipping experience. Nitrogen infusion is the addition of nitrogen gas under high pressure to brewed tea.

This technique produces little bubbles in the nitro milk tea, which gives it a smooth and creamy texture as well as a frothy layer on top. The nitrogen infusion also improves the flavor profile of the tea, creating a one-of-a-kind taste experience.

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Competitive Landscape:

The competitive landscape of the market is intense with several key players operating in the industry. Some of the major players in the market include companies like Nitto Beverage USA Inc., FIZZIQUE LLC, Nestlé, and Bai Brands LLC. These companies are investing heavily in research and development activities to innovate their products and introduce new flavors and varieties to the market.

These companies are also expanding their distribution networks to reach a wider consumer base and offering competitive pricing to gain an edge over their competitors for the future of nitro-infused drinks. The growing trend of online retail is leading to the emergence of new players in the market, further intensifying the competition. The industry is highly competitive, with firms vying for nitrogen-infused tea market size based on parameters such as product quality, pricing, distribution, and innovation.

Key Players:
• Starbucks
• Nitro Tea
• Caveman Coffee Company
• BonaFied Nitro Coffee & Tea
• East Forged
• Rise Brewing Co.
• Califia Farms
• PepsiCo
• Quivr
• Left Hand Brewing Co.
• Lucky Jack

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In Japan, demand for nitrogen-infused tea is expected to grow at a significant CAGR of 14.9% throughout the estimated timeframe. The Japanese market is predicted to rise greatly in the next years due to its vast growth potential. Market participants have been increasing their footprint in this sector by taking advantage of this possibility.
Japan's market is still modest in comparison to other markets, but it is expanding steadily. Nitrogen-infused tea, also known as "nitro tea" in Japan, is becoming increasingly popular among health-conscious consumers looking for new and unusual nitrogen-infused frozen beverage options. Younger consumers are drawn to the novelty of nitrogen-infused tea and its visually appealing appearance.

Regional Analysis:

During the projection period, demand for nitrogen-infused tea is expected to grow at a rapid CAGR of 20.2% in the United States. Because of the presence of key industry players, North America generates the most revenue in the market. To acquire a competitive advantage over their competitors, businesses are focused on R&D operations and the introduction of innovative products. Increased investments in the introduction of premium items are expected to stimulate market expansion.

The increased social media promotion of nitro coffee and other goods raised the country's demand for beverages with nitro infusions. There is severe competition among the big market rivals because some of them have a large consumer base and operate in many locations.

Key Segments of Industry:

By Type :
o Black Tea
o Green Tea
o Herbal Tea
o Fruit-infused Tea
o Matcha Green Tea
o Others
• By Distribution Channel :
o Supermarkets
o Convenience Stores
o Online Stores
o Others

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About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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