The global ready to drink tea market is anticipated to grow at a substantial CAGR of 4.9% during the forecast period. Manufacturers of ready to drink tea are launching products with claims such as functional claims for immune function, low/no-sugar formulations, and products which supports common health concerns which are attracting huge population base. These products contain various nutraceutical ingredients and deliver powerful benefits and thus are gaining popularity among health-conscious youth.
For instance, in October 2021, Kirin Beverage Co. announced to launch two immunity beverages in Japan by 2022. The products offering will includes Kirin Gogo-no-Kocha Milk Tea Plus and Kirin Namacha Life Plus Immune Assist which contains Kirin’s proprietary Lactococcus lactis strain Plasma, further supporting healthy immune system.
Browse the full report description of “Global Ready to Drink Tea Market Size, Share & Trends Analysis Report by Type (Green Tea, Black Tea, and Others), by Nature (Organic and Conventional), by Flavor (Fruit Flavor, Lemon Flavor, Spice Flavor, Herbal Flavor, and Other Flavors), and by Packaging (Bottles, Cans, and Carton Packaging), Forecast 2021-2027” at https://www.omrglobal.com/industry-reports/ready-to-drink-tea-market
Furthermore, in March 2021, Suntory PepsiCo Beverage Company announced launched Suntory TEA+. Suntory TEA+ is a ready-to-drink (RTD) oolong tea in Thailand. TEA+ is available in two variants, namely Tasty (low sugar) and No Sugar. These flavorful low-sugar or no-sugar teas mainly targets youth in the 25–35 age group. Along with ready to drink tea with functional claims, Market players are also engaged in growing their product portfolio by launching of herbal and organic tea varieties with herbs, spices, flowers, and other botanicals. For instance, in February 2021, Numi Organic Tea announced the launch of its new Stay Healthy line. The product line features efficacious plants like echinacea, elderberry, dandelion root, kanna leaf and burdock root, the line contains potent herbal blends developed to support immunity, combat common cold symptoms, and help users relax during a time when consumers are increasingly seeking out physical and emotional wellbeing.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Type
o By Nature
o By Flavor
o By Packaging
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Archer Daniels Midland Co., Snapple Beverage Corp., Suntory Holdings Ltd., Tata Consumer Products Ltd., The Coca-Cola Co., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Ready to Drink Tea Market Report Segment
By Type
By Nature
By Flavor
By Packaging
Global Ready to Drink Tea market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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