Rising Demand for Ready to Drink Tea Market Key Players, Growth Analysis during 2021-2027

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.

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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-

· By Type

· By Nature

· By Flavor

· By Packaging

Regions Covered-

• North America

• Europe

• Asia-Pacific

• 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.

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Global Ready to Drink Tea Market Report Segment

By Type

• Green Tea

• Black Tea

• Others (Herbal Tea)

By Nature

• Organic

• Conventional

By Flavour

• Fruit Flavour

• Lemon Flavour

• Spice Flavour

• Herbal Flavour

• Other Flavours (Chocolate)

By Packaging

Bottles

Cans

Carton Packaging

Global Ready to Drink Tea market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· AriZona Beverages USA, LLC

· Beam Suntory, Inc.

· Coca-Cola HBC.

· Danone S.A.

· Davidson's Organics

· Ekaterra

· Elev8 Hemp, LLC.

· ITO EN (North America) Inc.

· Jade Monk

· Kirin Holdings Company, Ltd.

· Mighty Drinks Ltd.

· Numi Organic Tea

· PepsiCo, Inc.

· Red Diamond, Inc.

· SAINTJAMESICEDTEA

· Starbucks Corp.

· Steaz

· Talking Rain Beverage Co.

· The Republic of Tea

· Nestlé

· Zevia

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