Skip to main content
  1. Market Insights
  2. Consumer
  3. Non-Alcoholic Drinks
  4. Ready-to-Drink (RTD) Coffee & Tea

Ready-to-Drink (RTD) Tea - Suriname

Suriname
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Ready-to-Drink (RTD) Tea market amounts to US$484.20k in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$236.00k in 2024.
  • Revenue, combined amounts to US$720.10k in 2024.
  • The revenue, at home is expected to grow annually by 12.07% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated China (US$24bn in 2024).
  • In relation to total population figures, the average revenue per capita, at home of US$0.77 are generated in 2024.
  • In the Ready-to-Drink (RTD) Tea market, volume, at home is expected to amount to 196.40k L by 2024.
  • Volume, out-of-home is expected to amount to 33.84k L in 2024.
  • Volume, combined is expected to amount to 230.20k L in 2024.
  • The Ready-to-Drink (RTD) Tea market is expected to show a volume growth, at home of 6.7% in 2025.0.
  • The average volume per person, at home in the Ready-to-Drink (RTD) Tea market is expected to amount to 0.31L in 2024.

Definition:

The Ready-to-Drink (RTD) Tea market includes packaged tea beverages in liquid form, ready for consumption. Common variants of RTD tea include iced tea, black tea, green tea, fruit tea and mate tea. The market does not include dry products such as tea leaves or tea bags, which are included in the Hot Drinks market.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

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.

Key players include Unilever and Pepsico (Lipton), The Coca-Cola Company (Fuze Tea), Asahi, and Suntory.

In-Scope

  • Tea Drinks in PET bottles, glass bottles, cans, carton
  • Non-carbonated and carbonated Tea

Out-Of-Scope

  • Tea products in dry form (tea bags, tea leaves)
  • Syrups
  • Ready-to-Drink Meal replacements
Ready-to-Drink (RTD) Coffee & Tea: market data & analysis - Cover

Market Insights report

Ready-to-Drink (RTD) Coffee & Tea: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Apr 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Ready-to-Drink (RTD) Tea market in Suriname is experiencing significant growth and development.

    Customer preferences:
    Suriname has a strong tea-drinking culture, with tea being a popular beverage choice among the population. The convenience and portability of RTD tea products have made them increasingly popular among consumers in Suriname. Additionally, there is a growing health consciousness among consumers, leading to a preference for healthier beverage options such as RTD teas that are often marketed as natural and low in sugar.

    Trends in the market:
    One of the key trends in the RTD Tea market in Suriname is the increasing demand for functional and flavored RTD teas. Consumers are seeking out RTD teas that offer additional health benefits, such as those infused with herbs or antioxidants. Flavored RTD teas, such as fruit-infused or floral-infused varieties, are also gaining popularity among consumers who are looking for unique and refreshing beverage options. Another trend in the market is the rise of premium and organic RTD teas. Surinamese consumers are willing to pay a premium for high-quality RTD teas that are made with natural ingredients and have a superior taste. This trend is driven by the growing awareness of the health benefits of organic products and a desire for more sustainable and environmentally friendly options.

    Local special circumstances:
    Suriname's tropical climate and diverse flora offer unique opportunities for the RTD Tea market. The country is home to a wide range of indigenous herbs and plants that can be used to create unique and flavorful RTD tea blends. Local tea producers are taking advantage of these resources to develop innovative and locally-inspired RTD tea products that cater to the preferences of Surinamese consumers.

    Underlying macroeconomic factors:
    Suriname's growing economy and increasing disposable income levels are contributing to the growth of the RTD Tea market. As consumers have more purchasing power, they are able to afford premium and higher-priced RTD tea products. Additionally, the expanding middle class in Suriname is driving the demand for convenient and on-the-go beverage options, further fueling the growth of the RTD Tea market. In conclusion, the Ready-to-Drink (RTD) Tea market in Suriname is experiencing growth and development driven by customer preferences for convenient and healthier beverage options. The market is characterized by a demand for functional and flavored RTD teas, as well as a preference for premium and organic products. The local special circumstances, such as Suriname's tropical climate and diverse flora, provide opportunities for innovation and the development of unique RTD tea blends. The underlying macroeconomic factors, including Suriname's growing economy and increasing disposable income levels, are further contributing to the growth of the market.

    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.

    Consumer

    Access more Market Insights on Consumer topics with our featured report

    Ready-to-Drink (RTD) Coffee & Tea: market data & analysis - BackgroundReady-to-Drink (RTD) Coffee & Tea: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Contact

    Get in touch with us. We are happy to help.