Iced Tea- Market Scope
Iced tea is a chilled version of sweetened tea that is devoid of milk and flavored with lemon. It is typically served in a glass with ice and can refer to any chilled or cooled tea. Sugar, syrup, and/or apple slices can be used to sweeten it. It is also a popular packaged drink that can be mixed with flavored syrup in a variety of flavors such as lemon, raspberry, lime, passion fruit, peach, orange, strawberry, and cherry. Tea is a beverage native to China and India that consists of dark green leaves and white flowers. Iced tea premixes eventually became a new product containing various healthy components such as vitamins and polyphenols. Today, tea premixes have netted a significant amount of market worldwide due to rising dietary preferences among consumers combined with a busy lifestyle. With the increasing number of health-conscious consumers across the world, major players are adopting various strategies to draw the attention of consumers by introducing flavored and less-sugar iced tea to capture a larger share of the market studied. The health benefits associated with the consumption of iced tea have persuaded a large number of consumers to prefer iced tea over other beverages, such as carbonated drinks. Manufacturers are offering iced tea leaves that detoxify the body on regular consumption. This factor, coupled with the consumer's changing preference for new and innovative food and beverage products, has given an impetus to market expansion. In addition, with manufacturers focusing on introducing new and innovative fruit flavors, iced teas are gaining popularity among consumers.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | The Coffee Bean & Tea Leaf (United States), Unilever (United Kingdom), Gourmesso (United States), Harney & Sons Fine Teas (United States), Dualit (United Kingdom), Nestlé SA (Switzerland), Dilmah Ceylon Tea Company PLC (Sri Lanka), Ippodo Tea Co. Ltd. (China), Tranquini (United States) and Chillbev (United States) |
CAGR | % |
The iced tea market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to iced tea market. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Iced Tea- market throughout the predicted period.
The Coffee Bean & Tea Leaf (United States), Unilever (United Kingdom), Gourmesso (United States), Harney & Sons Fine Teas (United States), Dualit (United Kingdom), Nestlé SA (Switzerland), Dilmah Ceylon Tea Company PLC (Sri Lanka), Ippodo Tea Co. Ltd. (China), Tranquini (United States) and Chillbev (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Som Sleep. (United States), Phi Drinks, Inc. (United States) and BevNet.com (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Iced Tea- market by Type , by Application (Residential and Commercial) and Region with country level break-up.
On the basis of geography, the market of Iced Tea- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
In February 2024, HTeaO, a U.S.-based iced tea franchise, partnered with prebiotic soda brand Poppi to introduce three new beverages: Trop poppi, Peachy poppi, and Dirty Cherry poppi. These drinks blend HTeaO's signature teas with Poppi's modern soda flavors.
In March 2023, Eat the Change, the planet-friendly snack company, expanded its ready-to-drink organic iced tea line Just Iced Tea in three new varieties, including mango white tea, original black tea, and lemon ginger herbal tea.
Influencing Trend:
Availability of Various Flavors of Iced Tea
Market Growth Drivers:
Rising consumption of iced tea due to its nutritional benefits and Growing demand from the personal care industry
Challenges:
High Production Costs
Restraints:
Fluctuating raw material prices
Opportunities:
Growing demand for healthy food and beverages and Innovative Flavors and Functional Ingredients
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others