Leading
market intelligence firm Transparency Market Research has featured a
new report on its website. The new report deals with the global
ready to drink (RTD) tea and coffee market, elucidating its past
and present performance and making predictions for the market’s
growth based on analysis of the same. The report is titled “Ready
To Drink (RTD) Tea And Coffee Market - Global Industry Size, Market
Share, Trends, Analysis And Forecast, 2012 – 2018.”
Tea
and coffee were among the first beverages to become popular across
the world and have remained popular since ancient times to become two
of the most widely consumed beverages in the modern world. The
increasing awareness of the health benefits of tea and coffee,
particularly when compared with sweetened and aerated beverages, has
driven the global ready to drink tea and coffee market in recent
years.
The
easy incorporation of RTD tea and coffee in the modern consumer’s
busy lifestyle has also helped the global market massively. Even
though tea and coffee have been popular throughout the last few
centuries, their preparation process took more time than that of
prepackaged beverages, which are more readily available to the modern
consumer. Hence, the ready-to-drink versions of tea and coffee have
enjoyed immense success. This is expected to be a major driver for
the global RTD tea and coffee market.
The
health advantages that tea and coffee hold over sweetened and aerated
beverages, such as their high antioxidant content and low calorie
content, have also driven their demand in light of the rising health
awareness of the global population. The high sugar content of
sweetened drinks is a contributing factor to several medical problems
in the modern world, including but not limited to diabetes, obesity,
and dental problems. In contrast, tea and coffee act as natural
pick-me-ups without any of the harmful effects of sweetened
beverages, which will boost the demand from the global RTD tea and
coffee market in the coming years.
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Ironically,
the rising demand for freshly ground coffee is among the major
restraints acting on the global market. The highly valued coffee
culture in many countries around the world has led to a surge in the
demand for fresh-ground coffee, which can hamper sales of RTD coffee.
However, the best opportunity for manufacturers of RTD coffee is to
incorporate fresh-ground coffee in their product catalogs, since the
two products can be aimed at different consumer groups.
The
global market for RTD tea is classified into fruit tea, oolong tea,
black tea, green tea, and herbal tea. Among these, the health
benefits of green tea and oolong tea are expected to keep the
respective segments of the market progressive in the coming years.
The RTD coffee market is segmented into guarana, yerba mate, acai
berry, taurine, and ginseng.
Geographically,
the Asia Pacific market for ready to drink tea and coffee leads the
global market, due to the importance of tea in the cultures of
several countries in the region, such as China, Japan, South Korea,
and India. The high cultural standing of coffee in Europe sees the
region occupy the second rung in the regional hierarchy of the global
market, while the North America market for RTD tea and coffee is
expected to gain from the rising awareness of consumers about the
health benefits of tea and coffee.
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