RTD Tea Market is predicted to reach USD 40.54 billion at a CAGR of 7.64% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the "Global RTD Tea Market" that contains information from 2018 to 2032. The RTD Tea market is estimated to register a CAGR of 7.64% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global RTD Tea market- Suntory Holdings Limited, Nestlé, The Coca-Cola Company, Unilever, Asahi Group Holdings, Ltd., PepsiCo, Starbucks Coffee Company, Monster Energy Company, Danone, AriZona Beverages USA, and Snapple Beverage Corp.

Market Highlights

The global RTD Tea market is accounted to register a CAGR of 7.64% during the forecast period and is estimated to reach USD 40.54 billion by 2032.

The RTD (Ready-to-Drink) tea market comprises bottled or canned tea beverages that are pre-prepared and convenient for immediate consumption. These beverages come in various flavors, often with added sweeteners and natural extracts, catering to consumers seeking a refreshing and convenient alternative to traditional brewed tea. The market's expansion is attributed to changing consumer preferences and on-the-go lifestyles.

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Segment Analysis

The global RTD Tea market has been segmented based on Type and Category.

On the basis of Type, the market is segmented into Black Tea, Green tea, White Tea, and Others. Due to its widespread acceptance as a traditional tea around the world and the availability of high quantities of antioxidants and polyphenols, which make it popular among customers who are health-conscious, the black tea sector dominates the RTD tea industry.

Based on Category, the global RTD Tea market has been segmented into organic and conventional. Due to the product's extensive availability worldwide, the conventional tea sector held the biggest market share in the RTD tea industry. However, growing consumer interest in organic RTD tea and increased spending by big companies on the product's introduction are accelerating its rise in the RTD tea industry.

Regional Analysis

The global RTD Tea market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe RTD Tea market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The RTD Tea market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World RTD Tea market comprises of Middle East, Africa, and Latin America.

The North American RTD Tea Market dominated this market in 2022 In addition to the movement in consumer preference towards healthy caffeinated beverage alternatives to tea, the RTD tea industry in this country is mature, homogenous, and has a high penetration rate. The largest contributor to the RTD Tea industry in this region is anticipated to come from the US RTD Tea market.

Due to the existence of extremely populous nations and the growing number of elderly people who enjoy tea in this region, Asia Pacific holds the second-largest market share for RTD tea. Additionally, the biggest market shares in the Asia-Pacific area were held by the RTD tea markets in China and India.

Moreover, from 2023 to 2032, the European RTD tea market is anticipated to experience the fastest CAGR growth. This is brought on by rising per capita disposable income, increased awareness of a healthy lifestyle, and good nutrition. Due to the changing lifestyle in the European region, the UK and Germany's RTD tea markets held the biggest market shares.

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Key Findings of the Study

The global RTD Tea market is expected to reach USD 40.542 billion by 2032, at a CAGR of 7.64% during the forecast period.
The North American RTD Tea Market dominated this market in 2022 In addition to the movement in consumer preference towards healthy caffeinated beverage alternatives to tea, the RTD tea industry in this country is mature, homogenous, and has a high penetration rate. The largest contributor to the RTD Tea industry in this region is anticipated to come from the US RTD Tea market.
Based on Category, Due to the product's extensive availability worldwide, the conventional tea sector held the biggest market share in the RTD tea industry.
Suntory Holdings Limited, Nestlé, The Coca-Cola Company, Unilever, Asahi Group Holdings, Ltd., PepsiCo, Starbucks Coffee Company, Monster Energy Company, Danone, AriZona Beverages USA, and Snapple Beverage Corp.
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