According to the latest report by Renub Research, Titled "Ready to Drink Tea & Coffee Market, Volume, Global Forecast by Product Category, Packaging, Distribution Channels, Regions, Company" The market of ready to drink tea and coffee has more share in urban areas, as people here are more health-conscious than rural areas. Ready To Drink And Coffee Market is expected to boom in developing countries as people are spending more on food and beverages than earlier times. The per capita income is also increasing with the rise in disposable income in these countries. Ready to drink tea and coffee market is expected to be US$ 122.88 Billion by the year 2025, according to Renub Research analysis.
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Ready to drink tea and coffee has become a necessity in today’s fast-paced lifestyle. These drinks are sold in prepared form, which can be drunk directly without any process. Ready to drink tea and coffee are becoming popular in almost every part of the world. These drinks are considered as a better alternative for carbonated beverages as it has lower calories and a much lesser chance of obesity. Health-conscious consumers have moved from carbonated beverages to ready to drink and coffee beverages.
The consumer can purchase these drinks in numerous packaging; some of them are PET bottle, canned, glass bottles and aseptic cartons. These drinks contain essential vitamins and minerals which are vital for human health; some of them are ginseng, acai berry, taurine, Vitamin B and guarana. These drinks are available in various forms just like green tea, herbal tea, black tea and various other types.
COVID-19 impact on Ready to Drink Tea and Coffee Market
Ready to drink tea and coffee market is positively affected by the outbreak of COVID-19. The main reason for this growth is shutting down of tea, coffee and restaurants across the world. Most of the consumers are buying food and drink item through food delivery apps and other online methods. During this period most of the food and beverages companies are working with food delivery companies for doorstep delivery to the consumer in lockdown regions.
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Product Category: The market, market share, volume and volume share for ready to drink tea and ready to drink coffee are covered in this research report.
Packaging: This report has covered the market and market share of PET Bottle, Glass Bottle, Canned, Others packaging.
Distribution Channels: Market by Distribution channel by Supermarket / Hypermarket, Convenience Stores Food Service, Others store are given in this research report.
Regions: This research report has covered the market for Asia Pacific, North America, Europe, Middle East & Africa, and South America.
Company: This research report has covered Company overview, recent developments/ initiatives and revenue analysis for Suntory Holdings Ltd, Nestle SA, Asahi Group Holdings, Ltd, Uni-President Enterprises, and PepsiCo Inc.
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