Industry Background:
Canned tea is a relatively recent method of marketing tea which has been sold traditionally as leaf tea and also, for the last 100 years, in teabag form. It utilizes the canning process to produce a ready-made drink. Perceived advantages are ease of use and the possibility of additives. China has become the world’s second most popular beverage after water, with 3 billion cups consumed every day across the world In 2017, total tea production accounted for 5.98 million tonnes, of which approximately 35 percent was exported, worth USD 8 billion.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Arizona (United States), Steaz (United States), Heaven and Earth (United States), Trader Joe's (United States), Nomi (United States), POKKA (Japan), Sangaria (Japan), ITO EN (Japan), UCC (Japan), Suntory (Japan) and Tao Ti (Japan) |
This growth is primarily driven by The growth in health awareness and increase in the disposable income and The increasing demand due to Online distribution channel.
Globally, a noticeable market trend is evident The introduction of additional healthy ingredients in tea by different market players
The Beverages sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Arizona (United States), Steaz (United States), Heaven and Earth (United States), Trader Joe's (United States), Nomi (United States), POKKA (Japan), Sangaria (Japan), ITO EN (Japan), UCC (Japan), Suntory (Japan) and Tao Ti (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
The introduction of additional healthy ingredients in tea by different market players and Incresing Popularity of Green tea across the developing as well as developed countries
Market Growth Drivers:
The growth in health awareness and increase in the disposable income and The increasing demand due to Online distribution channel
Challenges:
The stringent government Regulation regarding food and beverages products
Restraints:
The increase in the trend of coffee consumption and The fluctuating prices of raw materials caused by unpredictable climatic conditions
Opportunities:
The growth in demand for herbal tea and Upsurging demand due to the introduction of new flavor & variety of tea
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Canned Tea Market
- Analysis about New Entrants in Canned Tea Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Canned Tea Study Sheds Light on
The Canned Tea Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Canned Tea industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Canned Tea industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.