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

Global 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).

Tea and coffee that are labelled as "ready to drink" (RTD) are pre-made packaged drinks that are ready to drink at the moment of purchase. RTD tea varieties that are frequently found include fruit, black, green, herbal, matcha, oolong, and iced varieties. RTD coffee varieties include yerba mate, guarana, acai berry, ginseng, taurine, and iced varieties. The production of these products involves using various additives, extracts, preservatives, artificial and natural sweeteners, flavours, acidulants, and nutraceuticals. 

These goods are typically enriched with necessary vitamins and minerals and are a great source of antioxidants. For instance, RTD green tea has catechin added, and black coffee has caffeine, vitamin B, potassium, magnesium, and polyphenols. They are frequently served in aseptic cartons, glass bottles, PET bottles, cans, and bottles made of polyethylene terephthalate (PET). RTD tea and coffee products offer numerous health benefits and increased customer convenience compared to commonly used beverage mixes, powders, or brew-it-yourself tea or coffee items. 
One of the key reasons promoting market expansion is the rising demand for energy drinks with a flavour similar to coffee and tea. Additionally, consumers are gravitating towards ready-to-drink tea and coffee due to the fact that these beverages contain antioxidants and other healthy ingredients, while lifestyle diseases are becoming more prevalent. Millennials' use of RTD tea and coffee has increased as a result of these products' positioning as leisure goods.

US Ready-to-Drink Tea & Coffee Market is poised to grow at a sustainable CAGR for the next forecast year.