Pune, India -- (SBWIRE) -- 05/23/2018 -- The Global Ready to Drink Tea and Ready to Drink Coffee Market is growing at a CAGR of 18.3% during the forecast period of 2018 to 2026. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global Ready to Drink Tea and Ready to Drink Coffee Market By Product Type (RTD Tea, RTD Coffee), By Type (Flavored, Unflavored), By packaging (Bottles, Canned), By Additives (Flavors, Sweeteners, Acidulants, Nutraceuticals, Preservatives, Others), By Distribution Channel (Store-based Retailers, Non-Store Retailing) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2025
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Top Competitors of Market:
Some of the major players operating in RTD tea and RTD coffee drinks market are
- Ajinomoto General Foods Inc.,
- Asahi Group Holdings Ltd ,
- Lotte Chilsung Beverage Co. Ltd,
- Dr Pepper Snapple Group,
- Coca-Cola,
- JBD Group,
- Ting Hsin,
- Unilever,
- Uni-President,
- Amul,
- Argo Tea,
- Arizona,
- Asahi,
- Britvic Soft Drinks,
- Dr Pepper Snapple,
- F&N Foods,
- Haelssen & Lyon,
- Hangzhou Wahaha,
- HeySong,
- Ito En,
- Kirin Beverage,
- Malaysia Dairy,
- Marley's Mellow Mood,
- Nongfu Spring,
- PepsiCo,
- Pokka Sapporo Food and Beverage,
- Suntory,
- Sweet Leaf Tea,
- Tai Sun,
- Tan Hiep Phat,
- Trade Winds,
- Vitalon, and Xing Tea.
- among others.
Market Drivers and Restraints:
- Increased awareness related to health benefits of herbal and green tea
- Increased campaigns by key players to promote RTD tea and RTD coffee
- Increased disposable income leading to change in lifestyle
- High cost of products
- Preference of consumers towards fresh tea leaves and fresh grounded coffee
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