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Iced Tea Market Size, Share, Outlook, and Opportunity Analysis, 2018 - 2025

Author: Neha Sinha
by Neha Sinha
Posted: Dec 31, 2021

Iced tea is a popular packaged drink in the form of cold tea that is chilled or cooled. It is sweetened usually using sugar or syrup. Furthermore, it is sweetened with flavored syrup, with an infusion of multiple common flavors that include lemon, peach and cherry. Iced tea is sometimes made by a particularly long steeping of tea leaves at lower temperature also known as sun tea.

Market Dynamics

Iced tea is considered as a healthy alternative due to its antioxidant and natural content along with its lower sugar content as compared to other carbonated soft drinks, which is expected to be a major factor driving growth of the iced tea market. According to the report published by Tea Association USA in 2015, tea compounds such as epigallocatechin gallate (EGCG), play an important role in the protection against cancer. Furthermore, popularity of tea as a beverage globally with increasing preference for iced tea is expected to drive growth of the global iced tea market. According to Tea Association of USA tea is the second most consumed drink after water with around 80% of tea consumed in iced form.

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Market Outlook

According to the Tea Association of the USA. Inc. report published in the December 2017, on an average, more than 158 million Americans drink tea every day. In 2016, ready-to-drink (RTD) tea accounted for around 80% of the tea category, a 4% increase since 2015. The iced tea market in Asia Pacific is expected to grow at the fastest rate during the forecast period. This is due to the rising popularity of RTD beverages in China and India. According to the IBEF, the ready to drink (RTD) tea and coffee market in India was valued at US$ 404.95 million in 2017. The growth of the iced tea market is expected to be driven by the popularity of different varieties such as herbal and ice tea coupled with increasing awareness regarding health benefits.

Key Players

Some of the key players operating in the global iced tea market include Arizona Beverages USA, BOS Brands, 4C Foods Corp., The Coca-Cola Company, Harris Freeman & Co, Unilever, Mother Parkers Tea & Coffee Inc., and Templar Food Products.

Market Taxonomy

Global iced tea market is segmented on the basis of product type, form, distribution channel, and region.

By Product Type -

  • Black Iced Tea

  • Green Iced Tea

By Form -

  • Liquid

  • Powder

  • Premix

By Distribution Channel -

  • Online

  • Supermarkets

  • Hypermarkets

  • Specialty stores

  • Convenience store

  • Restaurants

  • Global Dried Food Market Taxonomy:

On the basis of drying technology, global dried food market is segmented as,

  • Sun drying

  • Hot air drying

  • Spray drying

  • Freezing

  • Vacuum drying

  • Osmotic dehydration

  • Superheated steam drying

  • Others

On the basis of product type, global dried food market is segmented as,

  • Dehydrated Meat

  • Dry Fruit

  • Dry Vegetable

  • Dehydrated Dairy products

  • Others

Key players in Global Dried Food Market:

Major industry participants in global dried food market include Sunsweet Growers, General Mills Inc., Nissin Food Holdings Co. Ltd., Unilever Group, Ajinomoto Co. Inc., Ting Hsin International Group, House Foods Corp and Kraft Foods Inc., among others.

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Author: Neha Sinha

Neha Sinha

Member since: Dec 23, 2021
Published articles: 50

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