Ready to Drink (RTD) Tea and Coffee Market Analysis

The ready to drink (RTD) tea and coffee market is segmented by packaging into glass bottle, PET bottle, canned and others, out of which, the PET bottle segment is anticipated to hold the largest share in the market by the end of 2029 on account of the low production cost and ease of handling of these bottles. As PET containers are recyclable, these tend to be in high demand amongst the beverage manufacturers in the beverage packaging industry. On the other hand, the glass bottle segment is also expected to grow with a noteworthy CAGR as a result of its reusability and for having a high recycling rate.  Additionally, on the basis of distribution channel, the market is segmented into off-trade and on-trade. The off-trade segment is further divided into supermarkets, independent retailers, convenience stores, and others, out of which, the supermarkets section grabs the largest revenue in the market, primarily on account of the rise in the number of supermarket chains. In 2019, about 40,000 supermarket stores existed in United States, up from approximately 35,000 in 2010. 

Our in-depth analysis of the global market includes the following segments: