New York, NY -- (SBWire) -- 12/10/2018 --Fact.MR delivers vital insights on the Bottled Tea market in its published report, titled "Bottled Tea Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2027". In terms of revenue, the global Bottled Tea market is projected to expand at a CAGR of 4.4 % during the forecast period, owing to numerous factors, about which FMR offers thorough insights and forecasts in this report.
The age-old wisdom around tea are applied by manufacturers to deliver those benefits to on-the go consumers, who don't have time to brew their own tea. Pertaining to growth in the illnesses such as heart diseases, cancer, cholesterol, and diabetes's, the industry is witnessing high growth in herbal tea, and green tea. Today, on day to day basis, more of consumers are interested in self nutrition as a part of their preventive health care. Tea being considered as an anti-oxidant and beneficial herbs, most of the consumers as the part of their daily plan change their diet plan.
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China and Japan are the top markets for RTD beverages leading to high sales of bottled tea. Factors such as health conscious consumers looking out for sugar free beverages, with low caffeine, and rich in minerals content are enabled to increase the sales in Japan. Further in China, rising incomes in the market along with the increasing health consciousness and education are leading to the surging sales of bottled tea. Key brands are finding success through innovations in new products and by improving the distribution network.
In the report, FMR suggests that rising health consciousness among people of the middle-class population and changing lifestyle of the consumers across the world is significantly prompting along with innovations in the brand to stay competitive in the industry. Regional Overview
APEJ upholds its steady dominance for the demand for Bottled Tea market by 2027. The rising consumer awareness towards the RTD Tea/ bottled tea products is estimated to contribute for the growth of Bottled Tea in the region.
In APEJ region, countries like India and China are witnessing a rapid rise in millennials leading to increased adaption of bottled drinks. This factor is expected to create immense opportunities for the growth of the global Bottled Tea market in the region.
US is the world's third largest RTD market by value, consumers are looking forward for low sugar, gluten free, and caffeine free beverages. On the go snacking owing to the increased convenience is expected to surge the sales for Bottled Tea.
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The rise in adoption of private labels and branded items at lower prices in Gulf States present a potential opportunity for Bottled Tea Manufacturers. The majority of the sales are happening at supermarkets and hypermarkets. These large scale retailers offer special offers to attract customers. Retailers that are stepping up their social media strategies shall thrive. However, Brick and Mortal stores are also playing a key role in flourishing the sales of bottled tea. Small economic packs available in the market is gaining traction in the developing countries were the per capita spending on RTD beverages are comparatively low. Further, Internet has a flattening effect on the industry, which is eventually creating better opportunities to the smaller retailers to launch and thrive.
The Bottled Tea are distributed through various sales channel such as modern trade channels, specialty stores, departmental store, convenience store, drug stores, online retailers and other sales channel. The increasing consumer preferences and prominent and effective sales channel is expected to drive the global Bottled Tea market during the forecast period.
Key Players
The manufacturers operating in the global Bottled Tea market include Suntory Holdings Ltd, Nestlé S.A, The Coca-Cola Company, Tsing Hsin International Group, PepsiCo Inc, Monster Beverage Company, Uni-President Enterprises, JDP Group, Arizona Beverage Company, OISHI GROUP and some others players.
Report Overview at https://www.factmr.com/report/2371/bottled-tea-market
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Bottled Tea Sales Grow at over 4% in 2018, Asia Pacific Witnessing Growing Adoption