The global bottled tea market is expected to run at an annual growth rate of 6% by 2030, according to Fact.MR
According to the research data, the preference shown by consumers for ready-to-drink drinks is expected to contribute positively to the increase of sales of iced tea in all geographical areas.
In addition, the addition of new flavors, as well as products with reduced sugar content that have beneficial effects on health, are expected to be the growth lever and the core for the growth of this market.
At the same time, there is a growing global demand for green tea as well as herbal tea with the lion’s share occupying the East Asian market, whose value in 2019 amounted to $ 33.3 billion and is estimated to grow with annual rate + 7.2%.
Latin America and the Middle East & Africa are expected to record significant growth of 8.6% and 8.8% respectively, while China is expected to run at 7.6% and India 9.3%. In the US now, the tea market will grow by 7% by 2030.
It is worth noting that 85% of the total tea is consumed in the form of the bottled version, at the same time that in Europe the hot version is preferred.