The analysts forecast global RTD tea and coffee market to grow at a CAGR of 8.81% during the period 2017-2021. One trend in the market is innovations in packaging.
Packaging innovations constitute a significant trend in the market.
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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.
Major 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, 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.
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According to the RTD tea and coffee market 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 $30 on a trip to a supermarket. The US is expected to record over 38,000 supermarkets during the forecast period.
Other countries that have a high penetration of marts are Brazil, Chile, and Mexico in Latin America.
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Further, the RTD tea and coffee market report states that one challenge in the market is stringent government regulations. Players often face issues due to the need to comply with stringent rules and regulations imposed by the authorities in the countries they operate in.
These rules and regulations pertain to the grant of permits, the entry of new players, the launch of new products, and the expiry of existing products. In some countries, the total number of regulations is minimal, and the regulatory authorities are at times lenient, whereas in other countries, the regulations are stringent.
Currently, many government regulations are impacting the global RTD tea and coffee market.
Few Points from List of Exhibits:
Exhibit 1: Global Non-Alcoholic Beverage Market 2016-2021 ($ Trillions)
Exhibit 2: Parent Market
Exhibit 3: Global Non-Alcoholic Beverage Market: Segmentation
Exhibit 4: Market Characteristics
Exhibit 5: Market Segments
Exhibit 6: Market Definition - Inclusions and Exclusions Checklist
Exhibit 7: Market Size 2016
Exhibit 8: Validation Techniques Employed For Market Sizing 2016
Exhibit 9: Global Rtd Tea and Coffee Market - Market Size and Forecast 2016-2021 ($ Billions)
Exhibit 10: Global Rtd Tea and Coffee Market - Year-Over-Year Growth 2017-2021 (%)
Exhibit 11: Different Types of Packaging Majorly Used in Rtd Tea and Coffee
Exhibit 12: Five Forces Analysis 2016
Exhibit 13: Five Forces Analysis 2021
Exhibit 14: Bargaining Power of Buyers
Exhibit 15: Bargaining Power of Suppliers
Exhibit 16: Threat of New Entrants
Exhibit 17: Threat of Substitutes
Exhibit 18: Threat of Rivalry
Exhibit 19: Market Condition - Five Forces
Exhibit 20: Global Rtd Tea and Coffee Market By Product Type - Market Share 2016-2021 (%)