Ready to Drink (RTD) Tea and Coffee Market Share

Regionally, the global ready to drink (RTD) tea and coffee market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the Asia Pacific industry is set to hold largest revenue share by 2036, driven by growing demand for RTD products as a result of rising health awareness of the people, and booming landscape of retail food chains in the region. namely in countries such as Japan, India and China. Another crucial factor boosting industry growth is the large number of coffee and tea plantations, and the growing production of tea in several countries in the region. During the financial year 2019-2020, the production of tea in India crossed 1300 M.Kgs. Furthermore, the market in North America is estimated to hold a significant revenue in 2021 accounting to the presence of leading market players of the beverage industry, especially in nations, such as, the U.S.A and Canada.

Frequently Asked Questions (FAQ)

Growing concern for health amongst individuals worldwide and the changing dietary preferences are some of the major factors anticipated to drive the growth of the market.

The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021-2029.

Frequently changing prices of the raw materials used to manufacture RTD tea and coffee, and the higher production cost of RTD drinks than ground coffee and tea leaves are estimated to hamper the market growth.

Asia Pacific region has more business opportunities for growth of RTD tea and coffee market owing to the high number of tea and coffee plantations in the region.

The major players in the market are Nestle S.A., The Coca Cola Company, PepsiCo Inc., Suntory Beverage & Food Limited, Danone S.A. and others.

Ready to Drink (RTD) Tea and Coffee Market Share