The Asia Pacific Ready to Drink Tea and Coffee Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 8,832.1 thousand litres, showcasing a growth of 6.2% (2019-2022).
The ready to drink tea and coffee market refers to the industry segment that produces and sells packaged tea and coffee beverages that are pre-brewed and ready for immediate consumption. These beverages are sold in various formats, including bottles, cans, cartons, or other convenient packaging, eliminating the need for consumers to brew or prepare the tea or coffee themselves. Ready to drink (RTD) tea and coffee products are designed and packaged to allow consumers to enjoy them without additional preparation. They are ready to be consumed directly from the packaging.
RTD tea is typically brewed tea that is then chilled and packaged, often with added flavors, sweeteners, or other ingredients. It can range from traditional black or green tea to herbal and fruit-infused varieties. RTD coffee, on the other hand, is made from brewed coffee that is then chilled and often mixed with milk, cream, sugar, or flavorings. Both RTD tea and coffee products may also include functional ingredients such as vitamins, antioxidants, or energy-boosting additives to appeal to specific consumer preferences or health trends.
The market has emerged as a dynamic and rapidly evolving segment within the broader beverage industry, offering consumers a convenient and refreshing alternative to traditional brewed beverages. This market is characterized by a diverse range of pre-packaged tea and coffee products ready for immediate consumption, eliminating the need for brewing or preparation. The convenience and portability of these beverages make them increasingly popular among consumers with busy lifestyles, providing a quick and satisfying solution for on-the-go refreshments.
Likewise, the beverages industry in China is thriving quickly, which converts to high demand for the market. As per the State Council of the People's Republic of China, in 2021, major beverage producers saw their output rise 12 percent year-on-year to over 183 million tons. The beverage output for December was 13.59 million tons, representing an 8.3 percent year-on-year increase. Major producers refer to companies with annual output of more than 20 million yuan (about $3.16 million). Therefore, the expanding processed food industry and beverages sector in the region is propelling the market's growth.
The China market dominated the Asia Pacific Ready to Drink Tea and Coffee Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $16,664.6 Million by 2030. The Japan market is experiencing a CAGR of 6% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 7.3% during (2023 - 2030).
Free Valuable Insights: The Global Ready to Drink Tea and Coffee Market is Predict to reach $ 161.6 Billion by 2030, at a CAGR of 6.3%
Based on Packaging Type, the market is segmented into PET Bottle, Canned, Glass Bottle, and Others. Based on Type, the market is segmented into RTD Tea, and RTD Coffee. Based on Price, the market is segmented into Economy, and Premium. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Food Service, AND Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Packaging Type (Volume, Thousand Litres, USD Billion, 2019-2030)
By Type (Volume, Thousand Litres, USD Billion, 2019-2030)
By Price (Volume, Thousand Litres, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Litres, USD Billion, 2019-2030)
By Country (Volume, Thousand Litres, USD Billion, 2019-2030)
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