(MENAFN Editorial) iCrowdNewswire - Dec 16, 2017
MarketResearchNest.com adds 'Global RTD Tea And Coffee Market 2017-2021 new report to its research database. The report spread across 107 pages with table and figures in it.
Research analysts forecast the global RTD tea and coffee market to grow at a CAGR of 8.81% during the period 2017-2021.
About RTD Tea and Coffee
The demand for ready-to-drink (RTD) tea and coffee is increasing owing to the busy and fast-paced lifestyles of consumers. These products are also alternatives to conventional carbonated drinks. Based on product type, the global RTD tea and coffee market has been segmented into: RTD tea (includes still and carbonated RTD tea), and RTD coffee (includes still and carbonated RTD coffee). The market is projected to witness a moderate growth as the demand for RTD products is gradually rising in the major beverage industries across the globe.
Covered in this report
The report covers the present scenario and the growth prospects of the global RTD tea and coffee market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio's report, Global RTD Tea and Coffee Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio recognizes the following companies as the key players in the global RTD tea and coffee market: JDB Group, Nestlé, PepsiCo, THE COCA-COLA COMPANY, Tingyi (Cayman Islands) Holding, and Uni-President.
Other Prominent Vendors in the market are: AJINOMOTO, Argo Tea, AriZona Beverages, Bhakti, Dr Pepper Snapple Group, F & N Foods, Fernwood Coffee, Health-Ade, ITO EN, KeVita, Marley Beverage, Millennium Products, Nongfu Spring, Pfanner, SOTEA, SOUND, Sunny Delight Beverages, Talking Rain, TeaZazz, The J.M. Smucker Company, The Verto Company, and Yeo Hiap Seng.
Commenting on the report, an analyst from Research team said: 'One trend in the market is innovations in packaging. Packaging innovations constitute a significant trend in the market. Good quality packaging increases the shelf life of the packaged product. Players are currently coming up with different packaging for their RTD tea and coffee products to attract consumers and to garner greater visibility for their products.
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According to the report, one driver in the market is expanding organized retailing sector making products easily accessible. Organized retailers have grown globally with the establishment of supermarkets, hypermarkets, convenience stores, and food specialist stores. Supermarkets constitute a major distribution channel that supplies a large variety of food and beverages. Given the rise in population, the need for these supermarkets is also growing. On an average, a consumer spends $30 on a trip to a supermarket. The US is expected to record over 38,000 supermarkets during the forecast period. Other countries that have a high penetration of marts are Brazil, Chile, and Mexico in Latin America.
Further, the report states that one challenge in the market is stringent government regulations. Players often face issues due to the need to comply with stringent rules and regulations imposed by the authorities in the countries they operate in. These rules and regulations pertain to the grant of permits, the entry of new players, the launch of new products, and the expiry of existing products. In some countries, the total number of regulations is minimal, and the regulatory authorities are at times lenient, whereas in other countries, the regulations are stringent. Currently, many government regulations are impacting the global RTD tea and coffee market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain
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Contact Information: Contact
Mr. Jeet Jain
Sales Manager
+1-240-284-8070(U.S)
+44-20-3290-4151(U.K)
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