Ready to Drink (RTD) Tea and Coffee Industry - Regional Synopsis
Asia Pacific industry is estimated to hold largest revenue share by 2037, 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.
