Iced tea is a refreshing beverage prepared by soaking tea leaves in cold or room temperature water and is often enhanced with flavorings like lemon, peach or herbs. With rising health consciousness, people are increasingly opting for iced tea as it contains antioxidants that may offer numerous health benefits. The global iced tea market is largely driven by factors like changing consumer preferences towards healthier drinks, increasing consumption of ready-to-drink beverages and rising disposable incomes in developing regions.

The global iced tea market is estimated to be valued at US$ 14.2 billion in 2024 and is expected to exhibit a CAGR of 2.1% over the forecast period 2024-2028.

Key Takeaways

Key players operating in the iced tea market are Unilever, Ting Hsin International Group, Arizona Beverage Company, Sunny Delight Beverages Co.

The Global Iced Tea Market Demand is expected to witness lucrative growth opportunities in emerging economies owing to increasing health awareness and rising spend on beverages. Chinese and Indian markets are estimated to be among the fastest growing regional markets.

Major players in the iced tea market are focusing on expanding their global footprints through strategic partnerships and acquisitions. For instance, Arizona Beverage Company has a strong presence across nearly 30 countries worldwide through a robust distribution network.

Market drivers

Rising health consciousness among consumers worldwide has been a major driver for the growth of the Iced Tea Companies Positioned as a healthy alternative to carbonated drinks, iced tea contains antioxidants that may help reduce risks of chronic diseases.

 In addition, hectic lifestyles have propelled the demand for ready-to-drink beverages like iced tea which can be easily consumed on-the-go. The market is further expected to witness significant growth owing to rising disposable incomes in developing regions that enable consumers to spend more on beverages.

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