RTD Tea Market to Reach $38.96 Billion, Globally, by 2027 at 5.5% CAGR: Allied Market Research
Increase in awareness about the health benefits associated with RTD tea drives the growth of the global RTD tea market.
- Increase in awareness about the health benefits associated with RTD tea drives the growth of the global RTD tea market.
- On the other hand, high price of RTD green tea as compared to RTD black tea products and increase in consumption of RTD coffee are anticipated to restrain the growth to some extent.
- Based on type, the black tea segment accounted for more than two-fifths of the global RTD tea market revenue in 2019 and is expected to lead the trail by the end of 2027.
- Based on geography, North America held the major share in 2019, garnering nearly two-fifths of the global RTD tea market.