Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR% (2019 - 2024): | 4.3% |
| Largest Market: | United States |
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Market Overview
The North American Ready To Drink Tea market is forecasted to value at 9439.13 million USD in 2024 growing at a CAGR of 4.3%.
- The health benefits of tea over carbonated and soft drinks and the convenience of Ready To Drink tea over traditional tea are the major factors driving the market. The presence of various substitutes such as energy drinks, other RTD drinks, etc. are the major restraints of the market.
- Innovations at ingredient levels like a combination of ingredients, introducing new flavors, etc. are done in order to attract the customers. The increasing health concerns are also a restraint since the product contains sugars, synthetic preservatives, artificial colors etc. The U.S is the leader in North American Ready To Drink Tea Market.
Scope of the Report
North America Ready to drink Market is segmented on the basis of product type and distribution channel. On the basis of product type the market is segmented into Black Tea, Green Tea, Herbal Tea, and Others. By distribution channel the market is segmented into Supermarket/Hypermarket, Convenience store, Mass Merchandiser and the regional analysis is also included in the report.
| By Type | |
| Black Tea | |
| Green Tea | |
| Herbal Tea | |
| Others |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Online Stores | |
| Others |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
Key Market Trends
Black Tea Is The Most Consumed Tea
Black Tea is North America’s favorite tea, black teas usually have a very rich flavor because of their long processing times. Sun tea, sweet tea, iced tea, afternoon tea, etc. these well-known categories of tea are typically made using black tea. Black tea is grown and processed all over the world in varying geographies and climates. Three of the largest producers of black tea today are India, Sri Lanka, and Africa. The tea’s variety, convenience, health benefits, sustainability, availability, continued innovation and the discovery of unique, flavorful and high-end specialty tea are the major factors driving the market. It contains no sodium, fat, carbonation, or sugar. It is virtually calorie-free. It helps maintain proper fluid balance and may contribute to overall good health.
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Canada is the fastest growing market in North America Ready To Drink Tea
Canada Ready To Drink Tea market was valued at 620 million USD in 2018 and is growing at a CAGR of 5.6%. As people become aged they go for more healthy diet options. Canada is having around 48% of its population above the age of 45. Ready To Drink tea is also becoming a growing trend among the youngsters too due to its health benefits and as a substitute for carbonated drinks. Manufacturers are also trying to introduce Tea with clean label ingredients to attract health-conscious consumers. Canada Ready To Drink Tea market has also witnessed the introduction of new types of packaging and new flavors such as Blackcurrant and Blueberry Mint Green Tea. Players are also trying to expand their product base with new combination of ingredients and flavors.
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Competitive Landscape
North American Ready To Drink Tea market is highly consolidated and highly competitive. The market is dominated by few major players. The major players have global reach and have a stronger distribution channel. PepsiCo and Coca-Cola Arizona Beverages, Dr. Pepper Snapple, Starbucks, and New Age Beverages enjoy a significant share in the market.
Major Players
Table of Contents
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1. INTRODUCTION
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1.1 Research Phases
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1.2 Study Deliverables
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Force Analysis
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4.3.1 Bargaining Power of Suppliers
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4.3.2 Bargaining Power of Consumers
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4.3.3 Threat of New Entrants
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4.3.4 Threat of Substitute Products
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4.3.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Black Tea
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5.1.2 Green Tea
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5.1.3 Herbal Tea
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5.1.4 Others
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5.2 By Distribution Channel
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5.2.1 Supermarkets/Hypermarkets
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5.2.2 Convenience Stores
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5.2.3 Online Stores
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5.2.4 Others
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5.3 Geography
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5.3.1 United States
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5.3.2 Canada
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5.3.3 Mexico
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5.3.4 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Strategies adopted by Key players
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6.2 Most Active Companies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 PepsiCo
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6.4.2 Coca-cola
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6.4.3 Dr. Pepper Snapple Group Inc.
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6.4.4 Asahi Group Holdings
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6.4.5 Nestle
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6.4.6 JAB Holding Company
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6.4.7 Kirin Holdings
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6.4.8 Starbucks Corporation
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The North America Ready-to-Drink Tea Market market is studied from 2016 - 2026.
What is North America Ready-to-Drink Tea Market size in 2016?
The North America Ready-to-Drink Tea Market is valued at 4.3% in 2016.
What is North America Ready-to-Drink Tea Market size in 2026?
The North America Ready-to-Drink Tea Market is valued at United States in 2026.
Who are the key players in North America Ready-to-Drink Tea Market?
Arizona, Coca Cola, Pepsico, Dr. Pepper Snapple are the major companies operating in North America Ready-to-Drink Tea Market.
