Ready to Drink Tea & Coffee Market Size Worth $ 216.93 Billion By 2032 | CAGR: 7.4%

The global Ready to Drink Tea & Coffee market size is expected to reach USD 216.93 billion by 2032, according to a new study by Polaris Market Research. The report “Ready to Drink Tea & Coffee Market Share, Size, Trends, Industry Analysis Report, By Packaging (PET Bottle, Canned, Glass Bottle, Others); By Distribution channel; By Product; By Price; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global ready-to-drink (RTD) tea and coffee market study presents a comprehensive overview of current and future market estimates. The analysis includes a detailed assessment of market trends in terms of revenue, current growth factors, expert opinions, factual information, and industry-validated data on market development. The report explores in-depth factors that significantly influence and shape the market and industry. It specifically focuses on the market value of ready-to-drink (RTD) tea and coffee in key regions and countries worldwide, showcasing regional developments, including market size, share, and revenue on a global scale. The insights provided in this analysis are intended to assist market players in understanding their end-users and expanding their geographical presence. Additionally, the report examines the impact of COVID-19 and forecasts the market's recovery post-pandemic.

The global ready-to-drink tea and coffee market is experiencing growth due to changing lifestyles and a growing preference for healthier alternatives to carbonated drinks. Increased consumer demand for ready-to-drink (RTD) beverages, with RTD iced tea being perceived as a healthier option and ready-to-drink coffee seen as an energy-boosting drink, further contributes to this trend. Additionally, the declining consumption of global sodas due to health concerns creates significant opportunities for beverage manufacturers to meet demand and secure a global market share.

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The ready-to-drink tea and coffee market faces intense competition, posing a challenge for the industry. The lack of appropriate infrastructure in emerging economies for storing and selling ready-to-drink beverage products is a significant factor expected to impede the growth of the global market. Additionally, high raw material costs and the growing popularity of freshly ground coffee are other factors projected to limit the future growth of the global ready-to-drink tea and coffee market.

Ready to Drink Tea & Coffee Market Report Highlights

• The PET Bottle segment dominated the revenue share in 2023. The growing preference for this packaging type is due to its convenient handling and cost-effectiveness. Moreover, the flexibility of PET bottles to be molded into different sizes, shapes, and colors has led to their widespread adoption by numerous manufacturers. These manufacturers employ attractive packaging solutions to capture consumer attention and provide an authentic and luxurious experience with their high-quality products. PET bottles offer several advantages, including breakage resistance compared to glass alternatives, high durability, and reduced consumption of resources such as energy, time, and manufacturing costs compared to glass bottles.
• The Supermarkets/Hypermarkets segment held the largest market share throughout the forecast period. The evolving retail landscape, particularly the rise of supermarket chains in smart cities like India, is driving increased sales of RTD tea and coffee through this distribution channel. Furthermore, the ample shelf space available in supermarkets/hypermarkets has been a key factor contributing to robust sales of RTD tea and coffee through this channel.
• Asia Pacific emerged as the dominant market in 2023, fueled by countries with significant tea and coffee plantations, such as India, China, and Japan, driving product demand in the region. Anticipated substantial growth in the Asia Pacific region, particularly in economies like Indonesia and Thailand, is foreseen in the forecast period. Additionally, the increasing prevalence of modern grocery retail chains in ASEAN countries, including Malaysia, Thailand, Indonesia, and the Philippines, is boosting sales of RTD tea and coffee, contributing to expected significant growth in the coming years.
• The global key market players include AriZona Beverages USA, Asahi Group Holdings, Ltd., Danone, Monster Energy Company, Nestlé, PepsiCo, Starbucks Coffee Company, Suntory Holdings Limited, The Coca Cola Company, Unilever.

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

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

• PET Bottle
• Canned
• Glass Bottle
• Others

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

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

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

• Economy
• Premium

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

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Ready to Drink Tea & Coffee Market Report Scope