Global Instant Tea Premix Consumption Market Size study, by Form (Powder, Paste and Granules), Product Type (Cardamom Tea Premix, Ginger Tea Premix, Masala Tea Premix and Others), Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Discount Stores and Others) and Regional Forecasts 2020-2027
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Product Code:
RP-ID-10347487 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
200 -
Category:
FMCG & Food -
Publisher:
Pub-ID-14
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Global Instant Tea Premix Consumption Market is valued approximately at USD 1.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2020-2027. Instant Tea Premix Consumption is a type of regular tea alternative which is used to prepare tea within a short duration. It is majorly preferred in offices as it is feasible to handle and prepare. They are mixed with milk or water to boost the overall metabolism, refreshment and provide long-lasting hydration. Their longer shelf life and cheaper costs make them attractive in the market. Further, increase in health-conscious awareness among people, urbanization, busy lifestyles and new varieties of products have led the adoption of Instant Tea Premix Consumption across the forecast period. For Instance: In June 2019, Sariwangi – an Indonesian tea brand of Unilever –launched its new 3-in-1 instant tea premix products. In November 2019, Ajinomoto General Foods Inc. partnered with Accenture plc, a global tech leader in Japan. Their joint venture will improve their operational efficiency through process automation and instrumentation technologies. However, increase in coffee consumption, non-consumption of caffeine and volatility in prices of raw materials due to unpredictable climatic conditions impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing in demand for herbal tea and introduction of new flavors & varieties of instant tea premix, the adoption & demand for Instant Tea Premix Consumption is likely to increase.
The regional analysis of global Instant Tea Premix Consumption market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing geriatric population, positive economic trends and preference over health-conscious products. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, increasing awareness among people about health and improving living standars would create lucrative growth prospects for the Instant Tea Premix Consumption market across Asia-Pacific region.
Major market player included in this report are:
ITO EN Ltd.
The Republic of Tea Inc.
The Coca Cola Company
Tata Global beverages
Keurig Green Mountain Inc.
Dunkin Brands Group Inc.
Pepsico inc.
Unilever
Wagh bakri Tea group
Nestle S.A.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Form:
Powder
Paste
Granules
By Product Type:
Cardamom Tea Premix
Ginger Tea Premix
Masala Tea Premix
Others
By Distribution Channel:
Supermarket/Hypermarket
Specialty Stores
Discount Stores
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Instant Tea Premix Consumption Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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The Republic of Tea Inc.
The Coca Cola Company
Tata Global beverages
Keurig Green Mountain Inc.
Dunkin Brands Group Inc.
Pepsico inc.
Unilever
Wagh bakri Tea group
Nestle S.A.