Ready-to-Drink (RTD) Coffee & Tea - Uzbekistan

The Ready-to-Drink (RTD) Coffee & Tea market in Uzbekistan has been experiencing significant growth in recent years. Customer preferences for convenient and on-the-go beverages, combined with the increasing popularity of coffee and tea consumption, have contributed to the development of this market.

Customer preferences: Uzbekistan, like many other countries, has seen a shift in customer preferences towards convenience and ready-to-drink beverages. Busy lifestyles and the need for quick and easy refreshments have driven the demand for RTD coffee and tea products. Consumers are increasingly opting for these beverages as a convenient alternative to traditional hot beverages.

Trends in the market: One of the key trends in the RTD Coffee & Tea market in Uzbekistan is the growing popularity of flavored and specialty beverages. Consumers are seeking unique and innovative flavors, such as caramel, vanilla, and matcha, to enhance their drinking experience. This trend has led to the introduction of a wide range of flavored RTD coffee and tea products in the market. Another trend in the market is the increasing demand for healthier options. Consumers are becoming more health-conscious and are looking for beverages that are low in sugar and calories. As a result, companies are introducing healthier variants of RTD coffee and tea, such as those sweetened with natural sweeteners or containing no added sugars.

Local special circumstances: Uzbekistan has a strong tea-drinking culture, with tea being a popular beverage among the population. However, the younger generation is increasingly embracing coffee as a trendy and fashionable beverage. This shift in preferences has led to the growth of the RTD coffee market in the country. Additionally, the tourism industry in Uzbekistan has been growing rapidly in recent years. The country's rich history and cultural heritage attract a large number of tourists, who often seek familiar and convenient beverages. This has created a demand for RTD coffee and tea products, which cater to the needs of both locals and tourists.

Underlying macroeconomic factors: The growing economy of Uzbekistan has played a significant role in the development of the RTD Coffee & Tea market. As the country's GDP continues to rise, consumers have more disposable income to spend on non-essential items, including beverages. This has led to an increase in the demand for RTD coffee and tea products. Furthermore, the government of Uzbekistan has been actively promoting foreign investment and business development in the country. This has attracted international coffee and tea companies to enter the market and introduce their RTD products. The presence of global brands has not only expanded the product offerings but has also contributed to the overall growth of the market. In conclusion, the Ready-to-Drink (RTD) Coffee & Tea market in Uzbekistan is experiencing growth due to changing customer preferences, including a demand for convenience and healthier options. The market is also influenced by local special circumstances, such as the shift in preferences from tea to coffee among the younger generation and the growing tourism industry. The underlying macroeconomic factors, including the country's growing economy and government support for foreign investment, have further contributed to the development of this market.

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.