The Asia Pacific Carbonated Ready to Drink Tea market size is expected to grow from USD 1.33 billion in 2024 to USD 2.12 billion in 2029, with a CAGR of 5.2% between 2024 and 2029.
Tea is one of the most consumed beverages in the world after water. It is consumed for a variety of purposes such as the health benefits offered by it or for its taste and flavor. The tea market has witnessed a boom after the introduction ready to drink tea. Due the health concerns such as diabetes, consumption of carbonated cold drinks is reduced. Hence, traditional tea consumers and carbonated drink consumers are immediately attracted to carbonated RTD tea.The health benefits offered by the anti-oxidants present in tea and the decrease in the demand for sodas and other high-calorie carbonated beverages are the major factors driving the market growth. The introduction of innovative products in RTD teas such as matcha and several flavors, availability of the products in non-traditional retail outlets and changing drinking habits of consumers are propelling the growth of the market. However, high prices of the products are expected to hinder market growth.
China
India
Japan
Australia
Japan
Asia Pacific is the fastest-growing market segment due to the huge consumer base for tea and increasing demand for western beverage products. Asia pacific is the largest tea leaves producing region and hence the demand for tea.
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