Europe Carbonated Ready To Drink Tea Market

Europe Carbonated Ready to Drink Tea Market Analysis:

Europe Carbonated Ready to Drink Tea Market was worth USD xx billion in 2021 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2026. Tea is one of the most consumed beverages in the world after water. It is consumed for variety of purposes such as the health benefits offered by it or for the taste and flavor. The tea market has witnessed a boom after the introduction ready to drink tea. Due the health concerns such as diabetes, consumption of carbonated cold drinks is reduced. Hence, traditional tea consumers and carbonated drink consumers are immediately attracted to the carbonated RTD tea.

The health benefits offered by the anti-oxidants present in tea and the decrease in the demand for sodas and other high calorie carbonated beverages are the major factors driving the market growth. Introduction of innovative products in RTD teas such as matcha and several flavors, availability of the products in non-traditional retail outlets and changing drinking habits of consumers are propelling the growth of the market. However, high prices of the products are expected to hinder the market growth. 

Europe Carbonated Ready to Drink Tea Market Segmentation:

The Carbonated Ready to Drink Tea market is categorized by products, ingredients, packaging, distribution channel and region. Based on products, the market is categorized into energy drinks, recreational drinks and others. Recreational drinks hold the largest market share. Based on ingredients, the market is categorized into Starter cultures, yeast and yeast extract. Based on the packaging, the market is categorized into metal tins and plastic bottles. Plastic bottles hold the largest market share as they can be recycled and also they are easier in case of bulk purchases. Metal cans are expected to be the fastest growing segment due to they are cheaper to manufacture. Based on distribution channel, the market is categorized into Retailers, Supermarkets, Convenience Stores and Online Stores. Supermarkets are the largest revenue generators for carbonated ready to drink teas.

On the basis of region, the Europe Carbonated Ready to Drink Tea market is categorized into U.K, Germany, France, Spain and Italy. U.K leads the carbonated RTD tea market due to the high demand for low calorie carbonated beverages. The tea market is considerably small in Europe region due to the large coffee loving population in this region.

Europe Carbonated Ready to Drink Tea Market key Players:

Some of the major players in Carbonated Ready to Drink Tea market are Nestle, Suja Juice, Unilever, PepsiCo, Coca-Cola, Lactalis, Starbucks and Sunny Delight Beverages.