Iced Tea Market Size in India to Grow by USD 6.00 Billion From 2021

Aug 20, 2023

NEW YORK, Aug. 28, 2023 /PRNewswire/ -- According to Technavio, the Iced Tea Market size in India is forecasted to grow by USD 6.00 billion from 2021 to 2026, accelerating at a CAGR of 17.43%. The rapid urbanization in India has led to increased disposable incomes and changing consumer lifestyles. This shift has driven the demand for healthier options, including iced tea. Iced tea comes with a refreshing taste and a variety of flavors make it a preferred choice for on-the-go consumers. This rise in demand is a major driver behind the significant growth of India's iced tea market.

For a closer look at the market drivers, trends, and challenges of the Iced Tea market in India, download the sample report now

Product Segmentation:

The market is divided into three main product segments:

Black iced tea

Green iced tea

Others

The black iced tea segment will contribute the largest share of the market during the forecast period.

The market is segmented by distribution channels:

Offline

Online

By understanding these segments, companies can tailor their strategies to meet specific consumer preferences and effectively cater to different buying behaviors.

Iced Tea's growing popularity across various regions in India

As urbanization transforms various regions across the country, the market's dynamics adapt accordingly. From metropolitan areas to smaller towns, the rise in disposable incomes and changing consumer lifestyles is a common factor that raises the demand for healthier and convenient beverage options such as iced tea. This growth isn't limited by physical boundaries; instead, it reflects a nationwide trend where people from diverse regions are embracing the refreshing allure of iced tea. This geographic diversity results in a variety of preferences, which helps the iced tea market growth across various regions of India.

Download the sample report now to learn how COVID-19 pandemic impacted the iced tea market in India.

The Major Iced Tea Market companies in India:

The report analyzes the market's competitive landscape and offers information on several companies, including

Goodwyn Tea

Gujarat Tea Processors and Packers Ltd.

Karma Kettle Teas

Nestle SA

ORGANIC INDIA Pvt. Ltd.

Tata Consumer Products Ltd.

TE-A-ME

TGL Co.

The Coca-Cola Co.

Unilever Group

The rising urbanization, shifting consumer preferences, and increasing disposable incomes have driven the iced tea market in India to new heights. As diverse regions embrace this refreshing trend, it's evident that iced tea has seamlessly integrated into the daily lives of modern Indian consumers, catering to their dynamic preferences and on-the-go lifestyles. To gain deeper insights into the factors driving this remarkable growth and to explore the full spectrum of opportunities, consider purchasing the comprehensive market report. Unlock the valuable information within and stay ahead in understanding India's evolving iced tea landscape.

Buy The Report Here!

Related Reports:

Organic Tea Market: The Organic Tea Market size is projected to increase by USD 552.51 million and the market size is estimated to grow at a CAGR of 8.62% between 2022 and 2027. This organic tea market report extensively covers market segmentation by distribution channel (offline and online), type (leaf and powder, tea bag, and liquid), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

White Tea Market: The white tea market size is projected to increase by USD 200.81 million, and the market is estimated to grow at a CAGR of 6.46% between 2022 and 2027. In 2017 the size of the market was valued at USD 505.78 million. The market report extensively covers market segmentation by type (conventional and organic) and distribution channel by offline and online).

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Distribution channel

Customer landscape

Vendor Landscape

Vendor Analysis

Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/iced-tea-market-size-in-india-to-grow-by-usd-6-00-billion-from-2021--2026--driven-growth-by-rising-urbanization-and-changing-consumer-lifestyles---technavio-301910571.html

SOURCE Technavio