Global Ready to Drink Tea and Coffee Market
Dublin, May 02, 2022 (GLOBE NEWSWIRE) -- The "Global Ready to Drink Tea and Coffee Market, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
Global Ready to Drink Tea and Coffee Market will reach $153.19 Billion by 2027 from $100.10 Billion in 2021, growing at an expected CAGR of 7.3% from 2021-2027
In recent times, Ready-to-drink (RTD) coffee and tea are seeing mounting demand owing to consumers' busy and fast-paced lifestyle and as an option to carbonated drinks. RTD tea is considered a refreshing health drink.
At the same time, RTD coffee is considered a reference providing instant energy. The changing lifestyles that encourage on-the-go eating and a growing trend to replace meals with less nutritious snacks have led to a rise in global RTD tea and coffee adoption.
Worldwide Ready to Drink Tea and Coffee Market Size was
Likewise, the fierce trend of chronic health problems is creating a staggering volume of demand for ready-to-drink tea & coffee as they contain antioxidants & other essential ingredients.
RTD coffees and tea can also be customized to provide personalized health benefits to the consumers to fulfill the nutritional gaps, especially in children and women. Correspondingly, the youth across various developed and developing nations are moving to RTD beverages in place of synthetic sports drinks for an instant increase of energy.
Ready to Drink Tea segment accounted for a substantial share of the Global Tea and Coffee Market
Based on product category, the market is bifurcated into ready-to-drink tea and ready-to-drink coffee. RTD tea was the fastest-growing segment. This is attributed due to the availability of the most suitable tea flavors: fruit, black, green, herbal, matcha, oolong, and iced, with added nutritional benefits like essential vitamins and minerals and a rich source of antioxidants.
For instance, RTD green tea is perfumed with catechin. On the other hand, RTD coffee includes yerba mate, guarana, acai berry, ginseng, taurine, and iced variants, and black coffee is enriched with vitamin B, potassium, magnesium, polyphenols, and caffeine.
PET Bottle Segment is anticipated to hold the Largest Share
On the basis of packaging, the RTD tea and coffee market is segmented by packaging into a glass bottle, PET bottle, canned, and others. The PET bottle segment is anticipated to hold the largest share in the global RTD tea and coffee industry. As PET receptacles are recyclable, these tend to be in increased demand amongst the liquid manufacturers in the beverage packaging industry.
Additionally, distribution channels such as Supermarket/Hypermarket, Specialty Stores, Online Store, and others control ready-to-drink coffee and tea distribution space. With the rapid increase in the demand, Supermarket/Hypermarket, Specialty Stores are now selling high-quality coffee and tea at affordable prices; this has appealed to the busy consumers by effectively responding to their lifestyles.
North America is the Fastest-Growing Ready to Drink Tea Coffee Market