Asia Pacific Ready to Drink Tea Market Size, Growth | 2031

Segments - Asia Pacific Ready to Drink Tea Market by Product Types (Green Tea, Black Tea, and, Others), Distribution Channels (Convenience Stores, Online Stores, Supermarkets/Hypermarkets, Specialist Stores, and Others), and Geography (India, Japan, China, Australia, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031.

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

Asia Pacific Ready to Drink Tea Market Outlook 2031:

The Asia Pacific ready to drink tea market size was valued at USD 4.78 Billion in 2022 and is projected to reach USD 7.89 Billion by 2031, expanding at a CAGR of 5.73% during the forecast period 2023 - 2031. The growth of the market is attributed to the increasing penetration of ready-to-drink tea products in supermarkets and hypermarkets.

Tea is a herbal drink that is commonly consumed around the world. Several types of tea are present in the world, and are available in varied flavors such as sweet, nutty, spices, and ginger, among others.

Asia Pacific Ready to Drink Tea Market Outlook

Ready-to-drink (RTD) beverages are packaged drinks, which include both alcoholic and non-alcoholic beverages. Alcohol-based RTDs, often known as flavored alcoholic beverages, can be consumed on their own or mixed into cocktails and alcohol. Tea-flavored RTDs are promoted as iced tea and herbal tea. Young population in several nations consume both alcohol-based and tea-flavored RTDs.

Asia Pacific Ready to Drink Tea Market Trends, Drivers, Restraints and Opportunities

Changing lifestyle, rising demand for natural components, and growing healthcare awareness are some of the major trends driving the expansion of the ready-to-drink tea industry.
High cost of RTD tea can create challenges for the market growth.
Growing concerns regarding high sugar intake can restraint the growth of the market.
Rising trend of social media marketing is anticipated to create lucrative opportunities for industry players in the projected timeline.

Scope of the Asia Pacific Ready to Drink Tea Market Report

The report on the Asia Pacific 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	Asia Pacific Ready to Drink Tea Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Product Types (Green Tea, Black Tea, and, Others) and Distribution Channels (Convenience Stores, Online Stores, Supermarkets/Hypermarkets, Specialist Stores, and Others)
Geographical Scope	India, Japan, China, Australia, and Rest of Asia Pacific
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Keuring Dr Pepper Inc.; Lotte Chilsung Beversage Co; Nestle; Asahi Group Holdings Ltd; Unilever plc., and Others

Asia Pacific Ready to Drink Market insights

Green tea segment is projected to expand at a considerable CAGR

On the basis of product type, the market is segregated into green tea, black tea, and others. The green tea segment is projected to expand at a considerable CAGR during the forecast period High demand for green tea due to its anti-oxidant and anti-bacterial properties, which cure hormonal imbalances and help to regulate weight.

On the other hand, the black tea segment is anticipated to account for a major market share during the forecast period. Black tea sales are rising steadily with a growing number of younger and health-conscious customers.

Asia Pacific Ready to Drink Tea Market Products Types

Supermarkets/hypermarkets segment is expected to grow at a rapid pace

Based on Distribution Channels, the market is divided into convenience stores, online stores, supermarkets/hypermarkets, specialist stores, and others. The supermarkets segment is expected to grow at a rapid pace during the forecast period.

The growth in demographic spending and ease and convenience of shopping are projected to provide a strong foundation for RTD tea producers to participate, particularly in emerging nations where these stores are being established in huge numbers.

Asia Pacific Ready to Drink Tea Market Distribution Channel

India is anticipated to constitute a key market share

In terms of regions, the Asia-Pacific ready to drink tea market is categorized as India, Japan, China, Australia, and Rest of Asia Pacific. India is expected to constitute a key share of the market during the projected period.

The Indian RTD tea market is primarily driven by significant demand from millennials, who are surrounded by a vibrant coffee culture. However, Japan is anticipated to expand at a rapid pace during the forecast period. Japan is estimated to dominate the Asia Pacific ready to drink market, followed by Australia, China, and India, due to growing population and rising consumption of RTD products.

Segments

The Asia Pacific ready to drink market has been segmented on the basis of

Product Types

Green Tea
Black Tea
Others

Distribution Channels

Convenience Stores
Online Stores
Supermarkets/Hypermarkets
Specialist Stores
Others

Geography

India
Japan
China
Australia
Rest of Asia-Pacific

Key Players

Keuring Dr Pepper Inc.
Lotte Chilsung Beversage Co
Nestle
Asahi Group Holdings Ltd
Unilever plc.

Competitive Landscape

The market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the Asia-Pacific ready to drink market are Keuring Dr Pepper Inc.; Lotte Chilsung Beversage Co; Nestle; Asahi Group Holdings Ltd; Unilever plc., and others.

Asia Pacific Ready to Drink Tea Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ready to Drink Tea Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Ready to Drink Tea Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Ready to Drink Tea Market - Supply Chain
  4.5. Global Ready to Drink Tea Market Forecast
     4.5.1. Ready to Drink Tea Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Ready to Drink Tea Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Ready to Drink Tea Market Absolute $ Opportunity
5. Global Ready to Drink Tea Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Ready to Drink Tea Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Ready to Drink Tea Demand Share Forecast, 2019-2026
6. North America Ready to Drink Tea Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Ready to Drink Tea Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Ready to Drink Tea Demand Share Forecast, 2019-2026
7. Latin America Ready to Drink Tea Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Ready to Drink Tea Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Ready to Drink Tea Demand Share Forecast, 2019-2026
8. Europe Ready to Drink Tea Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Ready to Drink Tea Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Ready to Drink Tea Demand Share Forecast, 2019-2026
9. Asia Pacific Ready to Drink Tea Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Ready to Drink Tea Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Ready to Drink Tea Demand Share Forecast, 2019-2026
10. Middle East & Africa Ready to Drink Tea Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Ready to Drink Tea Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Ready to Drink Tea Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Ready to Drink Tea Market: Market Share Analysis
  11.2. Ready to Drink Tea Distributors and Customers
  11.3. Ready to Drink Tea Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)