Ready-to-drink (RTD) coffee market to witness a healthy CAGR of 7.2% during the forecast period, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Ready-To-Drink (RTD) Coffee Market
Ready-to-drink (RTD) coffee market to witness a healthy CAGR of 7.2% during the forecast period. The growing demand for ready-to-drink (RTD) coffee is mainly due to the increasing obese population on account of busy lifestyle. Ready-to-drink is used as an instant source of energy.
Asia-Pacific is estimated to be the largest and North America to be the fastest-growing ready-to-drink (RTD) coffee market during the forecast period, with China, Japan, India, and Australia being the major countries offering promising growth opportunities. The growth of the region’s market is triggered by the increasing calorie-conscious consumers, which is increasing the rate of usage for antioxidant-enriched drinks and highly populated countries in the south east Asia consuming a large chunk of these products. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.
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Report Scope & Market Segmentation
Ready-To-Drink (RTD) Coffee Market Share: By Packaging Type
Based on the packaging type, the market is segmented as bottles, cans and other packaging. The bottles segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The growth of the segment is on account of it offering attractive/premium looks to the product and increasing the shelf life of coffee and also providing more benefits than just holding the product.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers, and challenges?
How competitive is the market? Who are the market leaders?
What are the key strategies adopted by the market players?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the key success factors for the market players?
How does the business environment impact the market?
Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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