Iced Tea Market Size in India to Grow by USD 6.00 Bn, Rising Urbanization and Changing Consumer Lifestyles to Drive Growth - Technavio

NEW YORK, Oct. 3, 2022 /PRNewswire/ -- The iced tea market in India will be driven by factors such as rising urbanization and changing consumer lifestyles. Urbanization had led to a rise in per capita and annual household disposable incomes. As a result, there has been a shift in the lifestyles of consumers. The consumption of healthy products such as iced tea has increased. Consumers are looking for healthy products that can be consumed on the go. Iced tea is available in various tastes and flavors. Such factors are driving the growth of the iced tea market in India.

The iced tea market size in India is estimated to grow by USD 6.00 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 17.43% during the forecast period, according to Technavio.

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format

The iced tea market in India report includes information on the product launches, sustainability, and prospects of leading vendors including Goodwyn Tea, Gujarat Tea Processors and Packers Ltd., Karma Kettle Teas, Nestle SA, ORGANIC INDIA Pvt. Ltd., Tata Consumer Products Ltd., TE-A-ME, TGL Co., The Coca-Cola Co., and Unilever Group. The key offerings of some of these vendors are listed below:

• Goodwyn Tea - The company offers peppermint tea, which helps with stomach problems and sinus and improves concentration.
• Gujarat Tea Processors and Packers Ltd. - The company offers a wide range of iced teas, such as lemon ice tea, orange ice tea, peach ice tea, litchi ice tea, and many more.
• Karma Kettle Teas - The company offers a wide range of iced teas such as green tea with mango and cumin, rooibos tea with spiced apple, jasmine green tea with peach, and many more.
• Nestle SA - The company offers Nestea Iced Tea, which has a refreshing, balanced taste and is available in sweetened and unsweetened varieties.
• ORGANIC INDIA Pvt. Ltd. - The company offers a wide range of iced teas such as Tulsi sweet lemon ice tea, Tulsi sweet rose ice tea, Tulsi green ice tea classic, and many more.

Technavio's reports provide key strategic initiatives used by vendors, along with key news and the latest developments. View our FREE PDF Sample Report Now

The competitive scenario provided in the iced tea market in India report evaluates, analyzes, and positions companies based on various performance indicators. Some of the factors considered for this analysis include growth strategies, the financial performance of companies over the past few years, new product launches, product innovations, growth in market share, and investments.

• By product, the market has been classified into black iced tea, green iced tea, and others. The black iced tea segment will contribute the largest share of the market during the forecast period.
• By distribution channel, the market has been classified into offline and online.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

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Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Black iced tea - Market size and forecast 2021-2026
• Green iced tea - Market size and forecast 2021-2026
• Others - Market size and forecast 2021-2026
• Market opportunity by Product

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Offline - Market size and forecast 2021-2026
• Online - Market size and forecast 2021-2026
• Market opportunity by Distribution channel

Customer landscape

• Customer landscape
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Goodwyn Tea
• Gujarat Tea Processors and Packers Ltd.
• Karma Kettle Teas
• Nestle SA
• ORGANIC INDIA Pvt. Ltd.
• Tata Consumer Products Ltd.
• TE-A-ME
• TGL Co.
• The Coca-Cola Co.
• Unilever Group

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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SOURCE Technavio