What is the global market size of the Ready-to-Drink Tea & Coffee Market?

Global Ready-to-Drink Tea & Coffee Market size was valued at USD 98.04 billion in 2021 and is poised to grow from USD 104.12 billion in 2022 to USD 168.47 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).

Ready-to-Drink Tea & Coffee Market Size, Share, Growth Analysis, By Product(RTD Tea, RTD Coffee), By Distribution Channels(Supermarkets, Convenience Store, Food Services and Online), By Region - Industry Forecast 2024-2031

Q: What is the key market trend for the Global Ready-to-Drink Tea & Coffee Market?

Investment for R&D: Global ready-to-drink tea and coffee market, with manufacturers investing heavily in research and development to differentiate their products and capture market share.

Q: Which region accounted for the largest share in the Global Ready-to-Drink Tea & Coffee Market?

The Asia Pacific region dominated the global market. Demand for tea and coffee in the region is mostly driven by nations like India, China, and Japan because they have a large number of tea and coffee plantations. In particular, in Indonesia and Thailand, the market in the Asia-Pacific region is predicted to rise steadily over the coming years.The Middle East & Africa is anticipated to grow at the fastest CAGR. The market in the region is anticipated to grow as a result of changing retail dynamics and rising product consumption. Furthermore, the region's rapidly expanding foodservice industry may help boost demand for tea and coffee already prepared for consumption. In order to meet the anticipated demand, the producers are creating variations that employ plant-based milk as well as fruity and flowery fragrances including orange, apple, peach, rose, and lavender.

Report ID: SQMIG30I2155 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 62 | Figures: 77

Ready-to-Drink Tea & Coffee Market News

In December 2023, Coca-Cola India is reportedly venturing into the alcohol segment with its first product, Lemon-Dou, a ready-to-serve alcohol beverage already available globally. According to The Economic Times (ET), the company has initiated a pilot test of Lemon-Dou in Goa and select areas of Maharashtra.
In September 2023, David Rennie, Nestlé's deputy EVP, highlighted the expanding coffee market in India. He mentioned the company's strategy of gaining market share through new product launches, including ready-to-drink cold coffee and frappe mixes.
In July 2023, the Italian coffee roaster and café chain announced its collaboration with Hangzhou Onechance Tech for e-commerce and marketing. This partnership aims to enhance at-home coffee sales as the company targets a threefold increase in its China revenues by 2026.

Ready-to-Drink Tea & Coffee Market Report Snapshots

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Ready-to-Drink Tea & Coffee Market size was valued at USD 105.37 billion in 2022 and is poised to grow from USD 112.11 billion in 2023 to USD 184.16 billion by 2031, at a CAGR of 6.4% during the forecast period (2024-2031).

Participants from both abroad and at home might be found in the market. Major market participants concentrate on tactics like innovation and new product launches in retail to improve their market offering. 'PepsiCo (USA)', 'Coca-Cola (USA)', 'Nestle (Switzerland)', 'Ting Hsin International Group (China)', 'Uni-President Enterprises (Taiwan)', 'Suntory Beverage & Food (Japan)', 'Monster Beverage Corporation (USA)', 'Starbucks Corporation (USA)', 'Asahi Group Holdings (Japan)', 'Dr Pepper Snapple Group (USA)', 'Danone (France)', 'San Benedetto (Italy)', 'Hangzhou Wahaha Group (China)', 'Lotte Chilsung Beverage (South Korea)', 'Amul (India)', 'Monster Energy Company (USA)', 'Arizona Beverage Company (USA)', 'JAB Holding Company (Luxembourg)', 'Keurig Dr Pepper (USA)', 'Illycaffè (Italy)', 'The Coca-Cola Company (USA)', 'F&N Foods (Singapore)'

Tea, in particular, is known for its health benefits, such as its antioxidant properties and its potential to reduce the risk of chronic diseases. As consumers become increasingly health-conscious, they are turning to tea and other healthy beverages, including ready-to-drink tea and coffee.

Investment for R&D: ready-to-drink tea and coffee market, with manufacturers investing heavily in research and development to differentiate their products and capture market share.

The Asia Pacific region dominated the market. Demand for tea and coffee in the region is mostly driven by nations like India, China, and Japan because they have a large number of tea and coffee plantations. In particular, in Indonesia and Thailand, the market in the Asia-Pacific region is predicted to rise steadily over the coming years.The Middle East & Africa is anticipated to grow at the fastest CAGR. The market in the region is anticipated to grow as a result of changing retail dynamics and rising product consumption. Furthermore, the region's rapidly expanding foodservice industry may help boost demand for tea and coffee already prepared for consumption. In order to meet the anticipated demand, the producers are creating variations that employ plant-based milk as well as fruity and flowery fragrances including orange, apple, peach, rose, and lavender.

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Ready-to-Drink Tea & Coffee Market Size, Share, Growth Analysis, By Product(RTD Tea, RTD Coffee), By Distribution Channels(Supermarkets, Convenience Store, Food Services and Online), By Region - Industry Forecast 2024-2031

Ready-to-Drink Tea & Coffee Market News

Ready-to-Drink Tea & Coffee Market Report Snapshots

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