The Latin America ready to drink tea market is anticipated to expand at significant CAGR during the forecast period, 2021 – 2028. Growth of the market is attributed to increasing working population, changing lifestyle, and increasing focus on functional drinks.
Ready-to-drink teas that can be enjoyed cold are popular now days. People consume them as refreshing drinks with a wellness factor that can be prepared easily anywhere without needing to be brewed. They provide refreshment same as standard soft and carbonate drinks, combined with the wellness character of tea and taste. The herbal tea, black tea, and green tea, all varieties contain only natural ingredients and are low in calorie with lots of health benefits.
The Covid-19 pandemic affected the demand and supply of Latin America ready to drink tea market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
The report on the Latin America ready to drink tea market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Latin America Ready to Drink Tea Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018-2019 |
Forecast Period |
2021-2028 |
Segmentation |
Types [Herbal Tea, Black Tea, Green Tea, and Others], Distribution Channels [Mass Merchandiser, Supermarket/Hypermarket, Convenience Store, and Others] |
Regional Scope |
Latin America [Brazil, Argentina, and Rest of Latin America] |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players covered in the Report |
Dr Pepper Snapple Group, The Coca-Cola Company, Arizona, Unilever NV, Starbucks Corporation, Tata Global Beverages, Nestle SA, Harney & Sons Fine Teas, The Republic of Tea, Monster Beverages, Ito En, Ltd., and PepsiCo, Inc. |
Based on types, the Latin America ready to drink tea market is segregated into herbal tea, black tea, green tea, and others. The black tea segment accounts for a key share of the market. Growth of the market is attributed to increasing demand for ready to eat beverages and increase in consumer’s disposable income. However, the herbal tea segment is anticipated to expand at a rapid pace during the forecast period due to increasing awareness regarding catastrophic effect of carbonated drinks, customers changing behaviour, and growing concern over obesity.
On the basis of distribution channels, the Latin America ready to drink tea market is fragmented into mass merchandiser, supermarket/hypermarket, convenience store, online stores, and others. The supermarket/hypermarket segment accounts for a significant share of the market. Growth of the market is attributed to increasing expenditure capacities and rising demand for bottled and canned packing beverages. However, the online stores segment is anticipated to expand at a rapid pace during the forecast period due to convenience and a healthy alternative to other ready to drink beverages and launch of new flavored tea.
On the basis of geography, the North America ready to drink tea market is categorized as Brazil, Argentina, and Rest of Latin America. The market in Brazil is estimated to hold a major market share during the forecast period due to factors such as rising adaption of healthy lifestyles and increasing number of online and offline retail stores. The market in Argentina experience rising need of ready to drink tea due to factors like increasing consumption of ready to drink tea, rising need for health-friendly products, and presence of large-scale local manufactures.
Segments Covered in the Report
The Latin America ready to drink tea market has been segmented on the basis of
Types
Distribution Channels
Regions
Key Players
Key players competing in the South America ready to drink tea market include Dr Pepper Snapple Group, The Coca-Cola Company, Arizona, Unilever NV, Starbucks Corporation, Tata Global Beverages, Nestle SA, Harney & Sons Fine Teas, The Republic of Tea, Monster Beverages, Ito En, Ltd., and PepsiCo, Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
Segments Covered in the Report
The Latin America ready to drink tea market has been segmented on the basis of
Types
Distribution Channels
Regions
Key Players
Key players competing in the South America ready to drink tea market include Dr Pepper Snapple Group, The Coca-Cola Company, Arizona, Unilever NV, Starbucks Corporation, Tata Global Beverages, Nestle SA, Harney & Sons Fine Teas, The Republic of Tea, Monster Beverages, Ito En, Ltd., and PepsiCo, Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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