Global Bottled Tea Market Overview:
Bottled tea is packaged tea is considered as the ready to drink. In this industry, the major trend is sugar-free tea. Sugar-Free Tea is a tea having zero content of sugar. The reason behind its highly popular is because of its increased occurrence of diabetics and weight-conscious people. This bottled tea is available in various flavors including Plain Tea, Cardamom, Masala, Lemongrass-masala, and others. These teas are manufactured with organic rooibos, natural fruit extracts, and a hint of organic cane sugar. In addition to these sugars, free tea is made up of substitutes of different flavors except sugar, which in turn helps in providing a good amount of digestion speed of a human being as well as helps in reducing fat. Thus, making the industry boom in the forecasted period. Some of the players profiled in the study are Suntory (Japan), ITO EN Inc. (Japan), Coca-Cola Bottlers Japan Holdings Inc. (Japan), Kirin Beverage (Japan), Hōjicha (Japan), NONGFU SPRING (China), Yakult (Japan), Marmara Foods (Turkey), Vitasoy (Hong Kong) and Genki Forest (China).
On the basis of geography, the market of Bottled Tea has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Online Stores will boost the Bottled Tea market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Cartoon will boost the Bottled Tea market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sugar Content, the sub-segment i.e. With Sugar will boost the Bottled Tea market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- The a growing number of health concerns among consumers across the globe from various such as the food and beverage market. The rapid growth in the beverages industry, along with rising health concerns causing the high adoption of sugar-free organic tea. The reason behind its high adoption is gaining popularity among consumers, along with easy to make.
- Acceptance of Tea Instead of Aerated Drinks
- Increase in Tea Consumer Base Across Asia Pacific
- Availability of Substitutes Present in Market
- Adoption of Herbal Tea or Herbs is also Increasing Market
- Growth in the Tea Industry Across the Globe
- High Cost Associated with Sugar-Free Tea
Key Market Developments:
In Aug 2020, Suntory Beverage & Food Limited announced the launch of its Open Innovation Portal to Partner on Innovations. Suntory Beverage & Food Limited is highly investing ideas and innovations for its diverse portfolio of beverages and food via its new open innovation portal. Through this initiative the company to become more competent in the market.
The global bottled tea market is strongly competitive and covers some major players. In terms of market share, some of the market players are highly dominating the global market. These market players are focusing on strategic collaborative initiatives to enhance their market share and improve their profitability.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Atrial Fibrillation Surgery Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Bottled Tea market on the basis of product [Black, Green, Herbal, Rooibos and White] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Bottled Tea market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Bottled Tea industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Twinings (United Kingdom), Nestle (Switzerland) and Harney & Sons (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Bottled Tea market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.