Ice Tea Market is Predicted to Reach US$ 12.02 billion by 2033

According to Fact.MR, the global iced tea market is valued at $6.47 billion in 2023. The worldwide demand for iced tea is expected to grow at a CAGR of 6.4%, reaching $12.02 billion by 2033.

Iced tea, also referred to as cold tea, is a refreshing and popular beverage enjoyed globally. Available in various flavors as well as its original form, packaged iced tea is widely accessible. The notion that regular consumption of iced tea may potentially reduce the risk of cancer has garnered significant interest among health-conscious individuals.

Bottled tea, known in the food and beverages industry as ready-to-drink (RTD) tea, includes a variety of teas available as bottled beverages. To attract a broader customer base and diversify their product lines, key market players are introducing a wide range of bottled teas with distinct flavors and tastes. These teas come in various packaging options such as plastic bottles, cans, glass bottles, and more.

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The busy lifestyles and changing habits of modern consumers are influencing their dietary choices, with people becoming more conscious of the impact of their food and drink decisions on their health. Particularly, millennials are choosing bottled tea over freshly brewed tea made at home. The increasing popularity of flavored bottled tea among younger consumers, especially Generation Z, is driving the growth of the iced tea market.

Health Benefits and Consumer Awareness
The health benefits associated with iced tea have also played a crucial role in its rising popularity. Iced tea, especially when consumed regularly, is believed to offer several health benefits, including improved hydration, antioxidant properties, and a potential reduction in the risk of certain cancers. This has spurred interest among health-conscious individuals and has been a significant driver of market growth.

Top Key Players are Adagios Tea, Arizona Beverages, BOS Brands, Coca-Cola, Hangzhou Wahaha Group, Harris Freeman & Co., Starbucks, Nestle SA, Mother Packers, Teatulia, 4C Food Corp., Steaz (Healthy Beverage), Turners Premium, Sweet Leaf, Peace Tea, Trader Joes, Zevia, Snapple, Teavana, Fuze Tea, Lipton

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