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The global RTD Coffee Market has showcased growth in recent years due to the massive demand for the product across the world. According to a report published by Fortune Business Insights, titled “Ready-to-drink (RTD) Coffee Market Size, Share and Global Trend By Packaging Material (Glass and PET Bottles, Cans), Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Online Retail) and Geography Forecast till 2026”, the market was valued at US$ 19.05 Bn in 2017. Fortune Business Insights has predicted that the market will reach a valuation of US$ 36.60 Bn by the end of 2025, thereby exhibiting a CAGR of 8.5%.
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The growing adoption of a fast-paced lifestyle has opened up several opportunities for ready-to-drink (RTD) coffee. The demand for RTD coffee has increased significantly in recent years, with more people opting for RTD coffee on a regular basis. The demand for flavored RTD coffee has created a massive potential for growth of RTD coffee around the world. Furthermore, high demand for this products in regions such as the Asia Pacific, that cater to a huge end user coverage, will lead to an increase in the overall RTD coffee market value in the coming years.
Longer Product Shelf Life Will Fuel Demand
The growing adoption of RTD coffee has diminished the fragmented market nature. With more companies involved in producing RTD coffee in several variants and flavors, the market is set to increase at a considerable rate. The properties of RTD coffee such as longer shelf life will contribute to the increasing demand for these products in the coming years. The longer shelf life will enable mass production as well as sales across the world. Furthermore, the advent of environment friendly packaging and storage methods will aid the growth of the global RTD coffee market in the forthcoming years. Packaging methods such as recyclable canned bottles and degradable-cardboard based material has contributed to the demand for RTD coffee across the world. Fortune Business Insights has identified prolonged shelf life as a key factor that will enable growth of the global RTD coffee market in the coming years.
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RTD Coffee Market in Asia Pacific Will Witness Considerable Growth
The report provides segmentation of the global RTD coffee market based on several factors such as packaging material, distribution channel, and regional demographics. Among all regions, Fortune Business Insights has predicted that he Asia Pacific will witness substantial growth in the coming years. This is mainly due to the presence of a wide end user coverage in this region that prefer RTD coffee over regular coffee.
Moreover, factors such as a fast paced lifestyle and cold brewing concepts in these regions will have a positive impact on the growth of the RTD coffee market in the Asia Pacific. Fortune Business Insights has predicted that Asia Pacific will emerge as the leading region in the forecast period, deriving growth from the aforementioned factors.
Fortune Business Insights has profiled a few of the leading companies that have accounted for growth of the global RTD coffee market in recent years. In addition to this, Fortune Business Insights predicts companies that will lead the global market in the coming years. Some of the leading companies that are currently operating in the market are PepsiCo, The Coca-Cola Company, Nestle S.A., Starbucks Corporation, JAB Holding Company, Asahi Group Holdings, Ltd., McCafe – McDonald’s, International Delight, Dunkin’ Brands Group, Inc., and Bulletproof 360, Inc.
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit RTD Coffee Market likely to Reach US$ 30.60 Bn by 2025, Recent Mergers and Acquisitions to Enable Growth