Global RTD tea and coffee Market is expanded at a CAGR of 5% during the forecast period

Date: 2016-09-11

RTD (Ready-to-drink) tea and coffee are seeing mounting demand owing to the busy and fast-paced lifestyle of consumers, and also as an alternative to carbonated drinks. RTD tea, in particular, is considered as a vital health drink. While RTD coffee is considered as a source providing instant energy.

Based on the type, RTD tea is divided into fruit tea, black tea, green tea, herbal-based tea, and oolong tea. On the basis of packaging, RTD tea is divided into glass bottle, pet bottle, canned, and cartons/fountain. In terms of ingredients, the RTD tea is divided into yerba mate, acai berry, ginseng, guarana and taurine.

According to the estimation, the global RTD tea and coffee market is expanded at a CAGR of 5% during the forecast period, and growth is relatively stable. The RTD tea occupied a larger share in the RTD tea and coffee market, more than 70% in 2015, and its market share is expected to reach over 81% by 2020. In terms of regional demand, Asia-Pacific is the leader in the RTD tea and coffee market, followed by Europe, the demand for RTD tea and coffee is expected to rise in North America owing to increasing awareness on the hazardous effects of carbonated drinks and growing health awareness.

Global RTD tea Market Share Analysis, by the type, 2020

rtd-tea-and-coffee

The key manufacturers of the RTD tea and coffee market include Starbucks (U.S.), Asahi Group (Japan), Coca-Cola (U.S.), Wahaha group (China), Dr Pepper Snapple Group (U.S.), Taisun Enterprise Co. Ltd. (Taiwan), Japan Tobacco Inc. (Japan) etc..

Read Full Report: http://www.gosreports.com/global-rtd-tea-and-coffee-industry-2016-market-research-report/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com
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