Ready-to-Drink Tea and Coffee Market Size Worth USD 216.40 Billion by 2032 | CAGR: 7.4%

The global ready-to-drink tea and coffee market size is expected to reach USD 216.40 Billion by 2032, according to a new study by Polaris Market Research. The report “Global Ready-to-Drink Tea and Coffee Market Share, Size, Trends, Industry Analysis Report: Information By Product (RTD Coffee, RTD Tea), By Packaging, By Price, By Distribution Channel, And By Region (North America, Europe, Asia-Pacific, Latin America, And Middle East & Africa) – Market Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The expansion of the ready-to-drink tea and coffee market is attributed to factors such as increased consumption, particularly by urban residents. In urban locations, individuals have constrained schedules and limited time for conventional meal and beverage preparation. In addition, consumers are displaying a greater awareness of health and are seeking alternatives to beverages, such as high-sugar sodas and artificial drinks.

Moreover, ready-to-drink teas are recognized for their natural ingredients and potential health benefits, particularly due to their high antioxidant content. Accordingly, owing to rising demand for healthier alternative in the beverage market, ready-to-drinks are gaining popularity among the consumers, thereby driving its market growth.

Furthermore, ready-to-drink coffees cater to individuals seeking a rapid energy boost without the additional sugars and calories. Consequently, the perceived health advantages of ready-to-drink tea and coffee drinks have resulted in attractive choices for a diverse consumer base.

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The market for ready-to-drink tea and coffee is being propelled by a surge in new product launches in the industry. In the ready-to-drink tea and coffee market outlook, companies are continuously launching new flavors, formulations, and packaging to captivate consumers and distinguish themselves in a competitive market. Additionally, the market is witnessing robust growth due to its extensive range of flavors, including ginseng and honey, fruit juice cocktails, mint, lemon, peach, strawberry, and fruity cereal-flavored coffee. Major players like Coca-Cola HBC, Snapple Beverage Corp., Arizona Beverages USA, and PepsiCo Inc. are consistently innovating and introducing a wide array of flavors that cater to diverse taste preferences and cultural influences.

Ready-to-Drink Tea and Coffee Market Report Highlights

• The PET bottle segment dominated the market in 2023 owing to recyclable properties of PET bottles. The dominance of PET bottles underscores a crucial shift towards sustainable packaging solutions in response to growing consumer preferences for eco-friendly products.
• The online market segment is poised for substantial growth, driven by the rapid expansion of e-commerce sales. The ongoing trend toward online shopping is being fueled by its convenience, diverse product offerings, and competitive pricing.
• The North American ready-to-drink tea and coffee market dominated the global market in terms of revenue due to the rise in black tea and green tea consumption in the region.
• The ready-to-drink tea and coffee market in China is experiencing growth propelled by the country's rich tea culture. Domestic consumers are notably adopting RTD tea beverages due to their perceived health advantages and diverse flavor profiles.
• The global key market players are AriZona Beverages USA, ASAHI GROUP HOLDINGS, LTD., Coca-Cola HBC, Danone, Monster Energy Company, Nestlé, PepsiCo, Pretty Tasty Tea, Starbucks Corporation, and SUNTORY HOLDINGS LIMITED.

Polaris Market Research has segmented the Ready-to-Drink Tea and Coffee Market report based on product, packaging, price, distribution channel, and region:

Ready-to-Drink Tea and Coffee, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• RTD Coffee

• Flavored coffee
• Cold brew coffee
• Iced coffee
• Others

• RTD Tea

• Kombucha
• Green
• Black
• Fruit
• Others

Ready-to-Drink Tea and Coffee, Packaging Outlook (Revenue - USD Billion, 2019 - 2032)

• PET Bottle
• Canned
• Glass Bottle
• Others

Ready-to-Drink Tea and Coffee, Price Outlook (Revenue - USD Billion, 2019 - 2032)

• Economy
• Premium

Ready-to-Drink Tea and Coffee, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Food Service
• Supermarkets/Hypermarkets
• Convenience Stores
• Online

Ready-to-Drink Tea and Coffee, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

• Rest of Middle East & Africa

Ready to Drink Tea & Coffee Market Report Scope