Ready-to-Drink (RTD) Tea - United States

  • United States
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Ready-to-Drink (RTD) Tea market amounts to €13.76bn in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to €21.61bn in 2024.
  • Revenue, combined amounts to €35.37bn in 2024.
  • The revenue, at home is expected to grow annually by 2.24% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated in China (€22,300m in 2024).
  • In relation to total population figures, the average revenue per capita, at home of €40.27 are generated in 2024.
  • In the Ready-to-Drink (RTD) Tea market, volume, at home is expected to amount to 4.77bn L by 2024.
  • Volume, out-of-home is expected to amount to 1.64bn L in 2024.
  • Volume, combined is expected to amount to 6.41bn L in 2024.
  • The Ready-to-Drink (RTD) Tea market is expected to show a volume growth, at home of 1.8% in 2025.
  • The average volume per person, at home in the Ready-to-Drink (RTD) Tea market is expected to amount to 13.94L in 2024.

Key regions: Philippines, India, United Kingdom, Europe, Worldwide

 
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Analyst Opinion

The Ready-to-Drink (RTD) Tea market in United States has been experiencing significant growth in recent years.

Customer preferences:
One of the main reasons for the growth of the RTD Tea market in United States is the increasing demand for healthier beverage options. Consumers are becoming more health-conscious and are actively seeking out beverages that are low in sugar and calories. Ready-to-drink teas are seen as a healthier alternative to carbonated soft drinks and other sugary beverages. Additionally, the convenience factor of RTD teas is also appealing to consumers who are looking for on-the-go options.

Trends in the market:
One of the key trends in the RTD Tea market in United States is the rise of functional teas. Functional teas are those that are infused with additional ingredients such as herbs, botanicals, and vitamins, which are believed to provide specific health benefits. These functional teas cater to consumers who are looking for more than just a refreshing beverage, but also a way to support their overall well-being. Another trend in the market is the increasing popularity of premium and artisanal RTD teas. These teas are often made from high-quality tea leaves and are carefully crafted to provide a unique and flavorful experience. Consumers are willing to pay a premium price for these teas as they are seen as a higher quality product compared to mass-produced options.

Local special circumstances:
One of the unique aspects of the RTD Tea market in United States is the regional preferences for different types of tea. For example, in the southern states, sweet tea is a popular choice, while in the western states, iced tea with a hint of fruit flavors is more common. This regional variation in preferences allows for a wide variety of RTD tea options to cater to different consumer tastes.

Underlying macroeconomic factors:
The growing health and wellness trend in United States is a major macroeconomic factor driving the growth of the RTD Tea market. As consumers become more health-conscious, they are actively seeking out healthier beverage options, which includes RTD teas. Additionally, the increasing disposable income and changing lifestyles of consumers also contribute to the growth of the market. The convenience factor of RTD teas makes them a popular choice for busy individuals who are looking for quick and easy refreshments.

Methodology

Data coverage:

The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Vue d’ensemble

  • Revenue
  • Volume
  • Price
  • Key Players
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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