Expert Market Research’s new report titled ‘Global Alcoholic Tea Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global alcoholic tea market, assessing the market based on its segments such as flavors , technologies, end uses, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Note 1: For an overview of primary and secondary market data (2015-2025), along with business strategies and detailed market segmentation, please click on the sample demand report. The sample report will be delivered to you within 24 hours.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): – USD 1.14 Trillion (Global Retail Alcoholic Beverage Market)
- Forecast CAGR (2021-2026): – 7% (global RTD alcoholic beverages market)
Tea is the second most consumed beverage in the world, behind water. Canada, where the average tea drinker has 11 different types in their kitchen cupboards, has a particularly progressive tea-drinking population that largely affects the demand for alcoholic tea. Thanks to a growing trend in the market for tea cocktails and beers, alcoholic iced tea is among the alcoholic teas to have reached the market in the historical period. Following the trend, this year Eteaket, the Scottish tea company, has launched three tea beers and plans to unveil a fourth. Harry Brompton’s brand of alcoholic iced tea became the first to enter a UK supermarket after securing a listing for its 4% ABV tea in February 2014 at 56 Waitrose stores, and the company successfully secured listings at Sainsbury’s and Ocado. Japanese restaurant chain Wagamama became the first UK restaurant to serve iKi beer in November 2013, a ‘fusion’ of wheat beer and green tea. These developments have had a positive impact on the growth of the market over the historical period.
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Industry definition and major segments
Alcoholic tea is a kind of drink that is prepared in particular quantities by combining tea and alcohol. These drinks are ideal for mixing tea and cocktail and can be customized easily by selecting one form of tea or another. These come in different variations, from alcoholic sweet teas to fancy tea martinis.
Based on flavor, the market is categorized into:
- irish cream
By technology, the industry is divided into:
- The Peach
- Sweet apricot
On the basis of end use, the industry is divided into:
Based on region, the industry is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The catering tea market is expected to gain an edge in future growth momentum as revenue is expected to increase and further drive the alcoholic tea market sales. When it comes to new tea offerings, millennials crave novelty and variety. Interest in the alcoholic tea market continues to be driven by growing interest in health and wellness as well as demand for whole food offerings. Innovation, backed by great taste and a balanced product, ensures that demand for alcoholic tea in the United States will continue to grow. The completely modern young alcoholic tea market has opened up new versions of specialty tea-infused alcoholic beverages. With the crisp and transparent taste of high-end tea in which the alcoholic tea market is booming, tea-infused cocktails are becoming the most trending island flavors and are expected to continue supporting market growth in the coming years.
Main market players
Major market players are Red Diamond, Inc., Tea Venture Limited, MB-Holding GmbH & Co. KG, Noveltea, and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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