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Tea and coffee consumption growing, making it the biggest retail market

Press release August 25, 2014 Coffee producers, tea producers, coffee producing companies

This company database offers valuable information on top 1000 coffee and tea producers in the world which makes the database an invaluable resource.

For the tea and coffee market, market experts have found that consumers who primarily drink coffee are less likely to consume tea. According to the tea producers, this generalization holds true for Western Europe, Middle East and Africa though the distinction is blurrier in Eastern Europe. At USD 130 billion, the US is the biggest coffee market in terms of retail value as of 2013 and is closely followed by Brazil, Japan, France and Germany. Furthermore, tea is USD 90 billion in China, making it the biggest retail market. The top five tea markets are Russia, US, Germany and Japan. Market experts have also found that fruit, green and herbal teas are growing in popularity outside the key tea markets. Instant coffee, on the other hand, is gaining popularity in Asia.

This report, Global Database of the Top 1000 Coffee and Tea Producers - Company Names, Financial Performance, Key Executives, and Contact Details, provides valuable information on top 1,000 coffee and tea producers in the world. Tracking and identifying this competitive landscape, the report helps in finding and contacting potential customers and partners easily.

Ready to drink tea and coffee widely gaining popularity

Ready-to-drink (RTD) tea and coffee are getting increasingly popular as healthy substitutes to carbonated drinks as lifestyles become increasingly fast and busy. RTD tea is looked at as a preferred health drink, while RTD coffee is mostly perceived as a source of instant energy. Furthermore, increased awareness about the health benefits of tea for its antioxidant properties, rising population and increase in disposable income have ensured the growth of the segment.

Currently, the global market for RTD tea and coffee is worth USD 69 billion in 2011 and is expected to reach USD 125 billion by 2017, growing at a CAGR of 10.9% over 2012 to 2017. Asia Pacific remains the largest market while the demand is expected to rise in North America.

Tea consumption on the cusp of major shift

Despite tea being the most consumed beverage in terms of volume, it still falls short of coffee and carbonated drinks. More than 290 billion liters of tea were consumed in 2012. This translated into only USD 40.7 billion in retail sales, compared to USD 75.7 billion for coffee and USD 183 billion for sodas. However, market experts are hoping that in spite of tea being on the cusp of major consumption shift, opportunistically capitalization could see a real boom similar to coffee.

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Coffee producers, tea producers, coffee producing companies