Asia Pacific Carbonated Ready to Drink Tea Market was worth USD xx billion in 2021 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2027.
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.
The Carbonated Ready to Drink Tea market is categorized into by-products,
ingredients
packaging
distribution channel
Based on products, the market is categorized into
energy drinks
recreational drinks
Recreational drinks hold the largest market share. Based on ingredients, the market is categorized into Starter cultures, yeast and yeast extract. Based on the packaging, the market is categorized into metal tins and plastic bottles. Plastic bottles hold the largest market share as they can be recycled and also they are easier in case of bulk purchases. Metal cans are expected to be the fastest-growing segment due to they are cheaper to manufacture. Based on the distribution channel, the market is categorized into Retailers, Supermarkets, Convenience Stores and Online Stores. Supermarkets are the largest revenue generators for carbonated ready-to-drink teas.
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.
Nestle
Suja Juice
Unilever
PepsiCo
Coca-Cola
Lactalis
Starbucks
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