Forecasted to grow at a moderate pace, the Philippines RTD tea market size is expected to reach USD 1,300.5 million by 2029, up from USD 815.0 million in 2023, resulting in a CAGR of 8.1%. In the Philippines, the RTD tea market is expanding due to the growing demand for healthier beverage options. As consumers become more health-conscious, there is a noticeable shift away from sugary sodas in favor of tea-based drinks, particularly those with functional benefits such as antioxidants and detoxification properties. The increasing urbanization and fast-paced lifestyle are also driving the demand for convenient, on-the-go beverages, such as RTD tea. Additionally, flavored varieties, including green tea and fruit-infused blends, are gaining traction among Filipino consumers.
The report offers a comprehensive evaluation of the Philippines RTD tea market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the RTD tea industry.
Market Segmentation
The Philippines RTD tea market is classified into the following segments:
Product type: regular RTD tea, no/low-sugar RTD tea
Distribution channel: convenience stores, supermarkets and hypermarkets, grocery stores, e-commerce, bars & HoReCa, others
The segmentation of the Philippines RTD tea market product type and distribution channel. Product type segments encompass regular RTD tea, and no/low-sugar RTD tea. Distribution channel segments comprise convenience stores, supermarkets and hypermarkets, grocery stores, e-commerce, bars & HoReCa, and others.
Competitive Landscape
The competitive landscape of the RTD tea industry has been thoroughly analyzed, highlighting key players such as Unilever PLC, The Coca-Cola Company, Sapporo Holdings Limited, Nestle S.A. and JG Summit Holdings Inc. This analysis offers a comprehensive overview of the main players in the RTD tea market, evaluating their performance trends from 2019 to 2023. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Philippines RTD tea market.
Gain in-depth analysis and forecasts for the key segments of the Philippines RTD tea market: product type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Philippines RTD tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines RTD tea market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Philippines RTD Tea Market – Product Type Analysis
Philippines RTD Tea Market – Distribution Channel Analysis
Key Players and Market Share
– Unilever PLC
– The Coca-Cola Company
– Sapporo Holdings Limited
– Nestle S.A.
– JG Summit Holdings, Inc.
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Philippines RTD Tea Market 2019-2029
Chart Philippines RTD Tea Market, Net Growth, 2019-2029
Chart Philippines RTD Tea Market, Growth Rates, 2019-2029
Table Philippines RTD Tea Market by Product Type, 2019-2029
Chart Philippines RTD Tea Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Philippines RTD Tea Market by Product Type, 2019-2029
Table Philippines RTD Tea Market by Distribution Channel, 2019-2029
Chart Philippines RTD Tea Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Philippines RTD Tea Market by Distribution Channel, 2019-2029
Table Philippines RTD Tea Market Share (%), by Companies, 2019-2023
Chart Philippines RTD Tea Market, by Companies, 2023
Table Philippines RTD Tea Market Share (%), by Brands, 2019-2023
Chart Philippines RTD Tea Market, by Brands, 2023
Table Philippines – Population (Millions) and Forecast
Table Philippines – Consumer Price Index (CPI) and Forecast
Table Philippines – Gross Domestic Product and Forecast
Table Philippines RTD Tea Market: Spend as a Proportion of GDP (%)
Table Philippines RTD Tea Market: Consumption per Capita (Population)
Companies Mentioned
Unilever PLC
The Coca-Cola Company
Sapporo Holdings Limited
Nestle S.A.
JG Summit Holdings, Inc.