The food and beverage analysts at Future Market Insights came to a valuation of US$ 1,943.50 million by 2024 to be gained by the market. A surge in tea culture will further propel the instant tea premix market size to a US$ 2,893.4 million valuation by 2034.
Tea, and that too, portable tea, has to be everyone’s favorite. Ginger, cardamom, lemon, masala, or plain, consumers are rapidly gravitating towards instant tea premixes. This trend has aided the demand for these premixes to gain a 4.1% CAGR from 2024 to 2034.
Increasing interest of consumers in health-benefitting, low-calorie RTD (ready-to-drink) beverages is expected to provide an impetus to growth of the instant tea premixes market. In the coming years, the rise in demand for slimming tea and herbal tea is expected to fuel new trends in the instant tea premixes market.
Furthermore, leading players are also focusing on introducing instant tea premixes with no added sugar by discovering natural sweeteners that can satiate consumers’ need for health-benefitting properties of their products.
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Market Competition
As per the Future Market Insights instant tea premix market forecast, market players employ various tactics to boost revenue. They are investing in research and development to create new flavors and formulas that cater to a wide range of consumer preferences for instant tea premix flavors. Companies use conventional retail channels and e commerce platforms to extend their distribution networks and reach a wider range of consumers.
Leading instant tea premix brands are concentrating their branding and marketing efforts to set themselves apart from the competition and foster consumer loyalty. This will help boost sales and profitability in the market.
The key players in this market include:
- Keurig Green Mountain Inc.
- Ito En Ltd.
- Suntory Beverage & Food Ltd.
- The Republic of Tea Inc.
- Starbucks Corp.
- Ajinomoto General Foods Inc.
- The Coca Cola Company
- Vending Updates India Pvt. Ltd.
- Dunkin Brands Group Inc.
- PepsiCo Inc.
- Monster Beverage Company
- C. B. Shah & Co. (Tweak)
- Wagh Bakri Tea Group
- Girnar Food & Beverages Pvt. Ltd.
- Unilever (Lipton)
Key Developments
- In 2023, ‘Honest Tea’ is the first tea beverage Coca Cola India hashas launched into the ready to drink market.
- Honest, a division of the Coca Cola Company, owns the brand.
- The product’s organic green tea will come from the Makaibari Tea Estate of Luxmi Tea Co Private Ltd, a company in West Bengal, India.
- The launch aimed to provide customers with more beverage alternatives, which would be available in mango and lemon tulsi varieties.
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Factors Influencing Growth of the Instant Tea Premixes Market
Evolution in Standardization and Quality Evaluation of Instant Tea Premixes
Consumers are turning to instant tea premixes for the convenience of consumption and the health-benefitting potential of instant herbal tea. Thereby, leading players in the instant tea premixes market as well as researchers and regulatory bodies are introducing efficient ways of standardizing the formulation of such products commercially available in the market.
Increasing consciousness about consumers’ health and wellness is encouraging market players to sync with the standards of formulation and sensory attributes of instant tea premixes. Ongoing advancements in standardization and evaluation methods are expected to influence emerging trends in the instant tea premixes market, in the coming years.
Instant Tea Premixes Becoming an Integral Part of Consumers’ Travel Essentials
Owing to the ease and convenience of consumption offered by instant tea premixes, consumers are resorting to this option when the need for convenient food products such as on-the-go breakfast products is heightened. Growing consumer preference for a homelike cup of tea while travelling is expected to contribute to the increasing demand for instant tea premix.
As instant tea premixes are becoming the modern travel essentials for consumers, especially among young adult consumers, leading market players are introducing interesting formats and packaging with small serving sizes to benefit from this trend. Sachet packaging and the other forms packaging such as sachet-in-a-cup is expected to emerge as one of the newest growth prospects in the instant tea premixes market, the rise of which is mainly attributed to this trend.
The research report presents a comprehensive assessment of the instant tea premixes market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The instant tea premixes market is broadly segmented according to the product type, nature, sugar content, flavor, sales channel and region.
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Key Segments Profiled in the Instant Tea Premix Market
By Type:
- No Sugar
- With Sugar
By Nature:
- Organic
- Conventional
By Flavor:
- Cardamom
- Ginger
- Masala
- Lemon
- Plain
By Sales Channel:
- Hypermarkets/Supermarket
- Convenience Store
- Drug Stores
- Specialty Stores
- Traditional Grocery Store
- Online Stores
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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