(MENAFN- Ameliorate Digital Consultancy)
The iced tea market refers to the sales and consumption of iced tea drinks. This market has seen significant growth in recent years due to increasing demand for refreshing and healthy beverage options. Iced tea is available in a variety of flavors and forms, including sweetened, unsweetened, flavored, and organic. The market for iced tea is competitive, with several established brands and new entrants vying for market share. Key players in the iced tea market include PepsiCo, The Coca-Cola Company, Nestea, and AriZona Beverages. The market is expected to continue to grow in the coming years, driven by factors such as increasing health consciousness, a growing demand for convenient and ready-to-drink beverages, and a rise in disposable incomes
The unprecedented COVID-19 pandemic has had a significant impact on the world economy. The food industry, one of the most significant economic sectors, has had a significant impact on every step of the process, from the farm to the consumer. The food industry is under too much pressure as a result of labor mobility restrictions, the closure of food production facilities, and changes in consumer demand.
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Key Segments Covered of Ice tea Market
By Product Type : Bottled Tea Powdered Tea Tea Bags
By Tea Type : Fruit-infused Tea Lemon Tea Ginger Tea Cherry Tea Peach Tea Apple Tea Mango Tea Others
Liquor-infused Tea CBD-infused Tea Specialty Tea
B y Nature : By Price Range : Economy Mid-range Premium
By Sales Channel : HORECA Modern Trade Specialty Stores Departmental Stores Convenience Stores Online Retailers Other Sales Channels
By Region : North America Latin America Europe East Asia South Asia & Oceania Middle East & Africa
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Key Takeaways from Ice Tea Market Study
The global ice tea market is anticipated to add 2X value by 2030. Bottled ice tea is predicted to grow at a sturdy rate of more than 6% CAGR over the forecast period. East Asia is the transcendent market with a value of US$ 33.3 Bn in 2019, and is set to balloon at a vigorous CAGR of 7.2% during the forecast period. Organic Ice tea is set observe a brisk growth rate of 8.% CAGR, while conventional ice tea is projected to add 2X its value over the forecast period. Regions such as Latin America and the Middle East & Africa are projected to witness a surge at CAGRs of 8.6% and 8.8%, respectively. By sales channel, online retailers is leading among all, globally, in term of growth rate, expected to progress at a high CAGR of more than 9% over the forecast period, whilst departmental stores are expected to follow next at a handsome CAGR of 7.5%. An important market, China, is projected to expand at a CAGR of 7.6%, while India is set to race ahead at 9.3%. The U.S. ice tea market is expected to expand at a CAGR of more than 7% through 2030.
Key Companies Profiled
Unilever Coca-Cola Starbucks Nestle SA Arizona Beverages Harris Freeman & Co. Mother Packers Hangzhou Wahaha Group Teatulia BOS Brands 4C Food Corp Steaz (Healthy Beverage) Adagios Tea
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More Valuable Insights on Ice Tea Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Ice Tea, Sales and Demand of Ice Tea, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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