Ready-to-Drink Tea and Coffee Market Showing Impressive Growth

ResearchAndMarkets.com’s report on the ready-to-drink (RTD) tea and coffee market predicts a significant upswing, with projections of a rise from US$107.18 billion in 2023 to US$197.40 billion by 2032, with a compound annual growth rate of 7.02 percent between 2024 and 2032. RTD tea and coffee beverages are prepared in advance and are portable, providing energy boosts through caffeine content. The market growth factors include the introduction of diversified flavors, increasing consumer incomes, and the widespread installation of RTD vending machines.

Convenience is another key factor contributing to the growth of RTD tea and coffee products. With modern lifestyles becoming increasingly hectic, there is a growing demand for quick and effortless refreshments. Health-conscious buyers are turning towards RTD beverages with added health benefits, such as antioxidants, low sugar, vitamins, herbal extracts, and probiotics. Manufacturers are developing formulations that enhance health without compromising convenience, making RTD beverages a hit in the drink market.

Distribution networks for RTD beverages include supermarkets, hypermarkets, convenience stores, online platforms, and vending machines, making these products readily accessible worldwide. This ease of access is expected to continue driving consumption across diverse demographics. The Asia-Pacific RTD tea and coffee market is also expanding, with countries like Japan, China, India, and South Korea adapting their dietary preferences to accommodate beverages suited to an active lifestyle. Growing disposable incomes and an inclination towards western-style beverages are also contributing to the market expansion in this region.

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