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.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
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Apr 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Ready-to-Drink (RTD) Tea market in Tunisia is experiencing significant growth and development.
Customer preferences: Tunisian consumers have shown a growing interest in healthier beverage options, which has contributed to the rise in popularity of RTD tea. As people become more health-conscious, they are seeking out alternatives to sugary carbonated drinks. RTD tea offers a refreshing and natural option that appeals to this growing consumer trend. Additionally, the convenience of ready-to-drink beverages aligns with the busy lifestyles of Tunisian consumers who are looking for on-the-go options.
Trends in the market: One of the key trends in the RTD tea market in Tunisia is the increasing demand for natural and organic products. Consumers are seeking out teas that are made with high-quality ingredients and do not contain artificial additives or preservatives. This trend is driven by a desire for healthier and more sustainable options. As a result, companies in the RTD tea market are focusing on developing products that meet these demands, such as organic and herbal teas. Another trend in the market is the growing popularity of flavored RTD teas. Tunisian consumers are looking for unique and interesting flavor combinations that go beyond traditional tea flavors. This trend has led to the introduction of a wide variety of flavors in the market, including fruit-infused teas and exotic blends. The availability of these different flavor options has contributed to the overall growth of the RTD tea market in Tunisia.
Local special circumstances: Tunisia has a rich tea-drinking culture, with tea being an integral part of social gatherings and hospitality. This cultural preference for tea has created a strong foundation for the growth of the RTD tea market. Tunisian consumers are already familiar with tea as a beverage and are open to trying new and innovative tea products. This cultural context has provided a favorable environment for the development and expansion of the RTD tea market in Tunisia.
Underlying macroeconomic factors: The growing middle class in Tunisia has led to increased purchasing power and disposable income. This has allowed consumers to spend more on premium and healthier beverage options, including RTD tea. Additionally, the expanding tourism industry in Tunisia has also contributed to the growth of the RTD tea market. Tourists from around the world visit Tunisia and bring with them their preferences for RTD tea, further driving the demand for these products. In conclusion, the Ready-to-Drink (RTD) Tea market in Tunisia is experiencing growth and development due to the changing consumer preferences for healthier and more convenient beverage options. The demand for natural and organic products, as well as unique flavors, has driven the expansion of the market. The cultural preference for tea in Tunisia and the growing middle class and tourism industry have also played a significant role in the growth of the RTD tea market in the country.
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.
Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights