Bottled Tea Market
Bottled Tea Market Forecasts to 2030 - Global Analysis By Flavor (Black Tea, Fruit Tea, Green Tea Herbal Tea and Other Flavors), Nature (Organic and Conventional), Bottle Type (Sparkling Bottled Tea and Still Bottled Tea), Distribution Channel, Application and By Geography
According to Stratistics MRC, the Global Bottled Tea Market is growing at a CAGR of 6.5% during the forecast period. The term "bottled tea" refers to a variety of teas that are offered for sale as bottled beverages. In the food and beverage industry, tea in bottles is referred to as ready-to-drink (RTD) tea. Businesses have launched a variety of bottled teas with distinct tastes and flavors in an effort to diversify their product offerings and attract more customers. There are numerous packaging options for bottled tea, including cans, glass bottles, plastic bottles, and others.
According to the Tea Association of USA, consumption of bottled tea in the United States accounts for around 70% of overall tea consumption within North America.
Market Dynamics:
Driver:
Changing lifestyle and hectic schedule
The hectic schedule and changes in way of life had an impact on consumers' eating habits. More people than ever are choosing convenience foods, which has led to an increase in the demand for processed bottled tea. The demand for processed and bottled tea is also growing as a result of the rising popularity of shareable snacks and drinks as well as RTD. Additionally, as working class women have become more prevalent, they have increased the demand for quick, simple, and labor-saving food and drink products, which has led to the expansion of bottled tea.
Restraint:
Few consumers prefer fresh tea over bottled tea
Consumer perception of the quality of tea in bottles versus freshly brewed tea is among the main issues. Many customers might be reluctant to buy bottled tea because they prefer the flavor of freshly brewed tea. The expansion of the market is also being hampered by growing concern about the environmental effects of plastic bottles.
Opportunity:
Rising adoption of flavored bottled tea by millennials
Millennials favor tea in bottles over tea that has been freshly brewed at home. Young consumers' increasing consumption of flavored bottled tea is accelerating market growth. Generation Z has aided the global demand for bottled iced tea beverages. A few benefits of drinking bottled iced tea include antioxidants, reduced stress, and hydration. People are embracing this beverage as a result, fostering the market's expansion.
Threat:
Fluctuating raw material prices
The growth of the bottled tea market is being hampered by fluctuating raw material prices brought on by erratic climatic conditions. The higher cost of RTD tea and coffee compared to regular hot tea and ground coffee are major barriers to market expansion.
Covid-19 Impact
The COVID-19 pandemic has had a conflicting effect on the market for bottled tea. Although the market was initially impacted by the closure of foodservice establishments and on-the-go consumption channels, opportunities for growth were later created by the rise in at-home consumption and e-commerce sales. However, the pandemic increased consumer demand for tea products by highlighting the value of immune-boosting beverages.
The bottled tea segment is expected to be the largest during the forecast period
Due to the alleged health advantages and antioxidant qualities, green tea will enjoy a sizable market share over the forecast period. It is favored by consumers who are looking for natural beverages that are energizing. Furthermore, green tea is regarded as one of the world's healthiest drinks and has a wide range of potential health advantages. These benefits are accelerating the segment's growth.
The home segment is expected to have the highest CAGR during the forecast period
In the anticipated timeframe, the home segment is expected to witness highest CAGR. The demand for ready-to-drink beverages in homes is anticipated to increase due to their rising popularity among working professionals. Furthermore, bottled iced tea is frequently consumed at home across many different regions of the world because it is a convenient and healthy beverage option. Such factors are propelling market growth.
Region with largest share:
The largest regional market was in the Asia Pacific, and it is anticipated that it will remain dominant during the forecast period. This is due to the rise in iced tea consumption in nations like China, Japan, South Korea, Taiwan, and India. Additionally, rising disposable income levels and an increase in the number of branded retail outlets are predicted to fuel industry growth.
Region with highest CAGR:
Due to shifting consumer preferences toward healthy beverages and increased demand from the female population, particularly during the summer, North America is predicted to experience significant growth. The market in the United States is expected to grow significantly as a result of rising consumer spending power and rising individual black tea consumption. Additionally, the presence of significant corporations will encourage industry growth in the upcoming years.
Key players in the market
Some of the key players profiled in the Bottled Tea Market include Adagio Teas, Arcadia Beverage, Argo Tea, Arizona Beverage Company, Honest Tea, Inko's Tea, Lipton, Monster Beverage Corporation, Nestle, Oishi Group, PepsiCo, Inc., Starbucks Corporation, Steaz, Suntory Products Ltd., Tejava, Tiesta Tea and TingHsin Group.
Key Developments:
In July 2023, Monster Beverage Corporation and Vital Pharmaceuticals, Inc. (together with certain of its debtor affiliates, “Bang Energy”) today announced they have entered into an Asset Purchase Agreement (“APA” or “Agreement”) under which a subsidiary of Monster would acquire substantially all of Bang Energy’s assets, including a beverage production facility located in Phoenix, AZ (the “Transaction”). The Transaction is subject to certain terms and closing conditions, which include obtaining Bankruptcy Court approval.
In June 2023, Vahdam India, the leading global wellness brand known for its organic and premium teas and spices from India, has unveiled an exciting new product line: ICED TEAS! Crafted using 100 percent real tea, this new range of iced teas is available in two convenient forms - instant premix and pitcher tea bags.
In January 2022, Monster Beverage Corporation announced that it has entered into a definitive agreement to acquire CANarchy Craft Brewery Collective LLC, a craft beer and hard seltzer company for $330 million in cash.
Flavors Covered:
• Black Tea
• Fruit Tea
• Green Tea
• Herbal Tea
• Jasmine Tea
• Oolong Tea
• Red Tea
• Other Flavors
Natures Covered:
• Organic
• Conventional
Bottle Types Covered:
• Sparkling Bottled Tea
• Still Bottled Tea
Distribution Channels Covered:
• Convenience Stores
• Online Retail
• Supermarkets & Hypermarkets
• Other Distribution Channels
Applications Covered:
• Home
• Hotel
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Bottled Tea Market, By Flavor
5.1 Introduction
5.2 Black Tea
5.3 Fruit Tea
5.4 Green Tea
5.5 Herbal Tea
5.6 Jasmine Tea
5.7 Oolong Tea
5.8 Red Tea
5.9 Other Flavors
6 Global Bottled Tea Market, By Nature
6.1 Introduction
6.2 Organic
6.3 Conventional
7 Global Bottled Tea Market, By Bottle Type
7.1 Introduction
7.2 Sparkling Bottled Tea
7.3 Still Bottled Tea
8 Global Bottled Tea Market, By Distribution Channel
8.1 Introduction
8.2 Convenience Stores
8.3 Online Retail
8.4 Supermarkets & Hypermarkets
8.5 Other Distribution Channels
9 Global Bottled Tea Market, By Application
9.1 Introduction
9.2 Home
9.3 Hotel
9.4 Other Applications
10 Global Bottled Tea Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Adagio Teas
12.2 Arcadia Beverage
12.3 Argo Tea
12.4 Arizona Beverage Company
12.5 Honest Tea
12.6 Inko's Tea
12.7 Lipton
12.8 Monster Beverage Corporation
12.9 Nestle
12.10 Oishi Group
12.11 PepsiCo, Inc.
12.12 Starbucks Corporation
12.13 Steaz
12.14 Suntory Products Ltd.
12.15 Tejava
12.16 Tiesta Tea
12.17 TingHsin Group
List of Tables
1 Global Bottled Tea Market Outlook, By Region (2021-2030) ($MN)
2 Global Bottled Tea Market Outlook, By Flavor (2021-2030) ($MN)
3 Global Bottled Tea Market Outlook, By Black Tea (2021-2030) ($MN)
4 Global Bottled Tea Market Outlook, By Fruit Tea (2021-2030) ($MN)
5 Global Bottled Tea Market Outlook, By Green Tea (2021-2030) ($MN)
6 Global Bottled Tea Market Outlook, By Herbal Tea (2021-2030) ($MN)
7 Global Bottled Tea Market Outlook, By Jasmine Tea (2021-2030) ($MN)
8 Global Bottled Tea Market Outlook, By Oolong Tea (2021-2030) ($MN)
9 Global Bottled Tea Market Outlook, By Red Tea (2021-2030) ($MN)
10 Global Bottled Tea Market Outlook, By Other Flavors (2021-2030) ($MN)
10 Global Bottled Tea Market Outlook, By Nature (2021-2030) ($MN)
10 Global Bottled Tea Market Outlook, By Organic (2021-2030) ($MN)
13 Global Bottled Tea Market Outlook, By Conventional (2021-2030) ($MN)
14 Global Bottled Tea Market Outlook, By Bottle Type (2021-2030) ($MN)
15 Global Bottled Tea Market Outlook, By Sparkling Bottled Tea (2021-2030) ($MN)
16 Global Bottled Tea Market Outlook, By Still Bottled Tea (2021-2030) ($MN)
17 Global Bottled Tea Market Outlook, By Distribution Channel (2021-2030) ($MN)
18 Global Bottled Tea Market Outlook, By Convenience Stores (2021-2030) ($MN)
19 Global Bottled Tea Market Outlook, By Online Retail (2021-2030) ($MN)
20 Global Bottled Tea Market Outlook, By Supermarkets & Hypermarkets (2021-2030) ($MN)
21 Global Bottled Tea Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
22 Global Bottled Tea Market Outlook, By Application (2021-2030) ($MN)
23 Global Bottled Tea Market Outlook, By Home (2021-2030) ($MN)
24 Global Bottled Tea Market Outlook, By Hotel (2021-2030) ($MN)
25 Global Bottled Tea Market Outlook, By Other Applications (2021-2030) ($MN)
26 North America Bottled Tea Market Outlook, By Country (2021-2030) ($MN)
27 North America Bottled Tea Market Outlook, By Flavor (2021-2030) ($MN)
28 North America Bottled Tea Market Outlook, By Black Tea (2021-2030) ($MN)
29 North America Bottled Tea Market Outlook, By Fruit Tea (2021-2030) ($MN)
30 North America Bottled Tea Market Outlook, By Green Tea (2021-2030) ($MN)
31 North America Bottled Tea Market Outlook, By Herbal Tea (2021-2030) ($MN)
32 North America Bottled Tea Market Outlook, By Jasmine Tea (2021-2030) ($MN)
33 North America Bottled Tea Market Outlook, By Oolong Tea (2021-2030) ($MN)
34 North America Bottled Tea Market Outlook, By Red Tea (2021-2030) ($MN)
35 North America Bottled Tea Market Outlook, By Other Flavors (2021-2030) ($MN)
36 North America Bottled Tea Market Outlook, By Nature (2021-2030) ($MN)
37 North America Bottled Tea Market Outlook, By Organic (2021-2030) ($MN)
38 North America Bottled Tea Market Outlook, By Conventional (2021-2030) ($MN)
39 North America Bottled Tea Market Outlook, By Bottle Type (2021-2030) ($MN)
40 North America Bottled Tea Market Outlook, By Sparkling Bottled Tea (2021-2030) ($MN)
41 North America Bottled Tea Market Outlook, By Still Bottled Tea (2021-2030) ($MN)
42 North America Bottled Tea Market Outlook, By Distribution Channel (2021-2030) ($MN)
43 North America Bottled Tea Market Outlook, By Convenience Stores (2021-2030) ($MN)
44 North America Bottled Tea Market Outlook, By Online Retail (2021-2030) ($MN)
45 North America Bottled Tea Market Outlook, By Supermarkets & Hypermarkets (2021-2030) ($MN)
46 North America Bottled Tea Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
47 North America Bottled Tea Market Outlook, By Application (2021-2030) ($MN)
48 North America Bottled Tea Market Outlook, By Home (2021-2030) ($MN)
49 North America Bottled Tea Market Outlook, By Hotel (2021-2030) ($MN)
50 North America Bottled Tea Market Outlook, By Other Applications (2021-2030) ($MN)
51 Europe Bottled Tea Market Outlook, By Country (2021-2030) ($MN)
52 Europe Bottled Tea Market Outlook, By Flavor (2021-2030) ($MN)
53 Europe Bottled Tea Market Outlook, By Black Tea (2021-2030) ($MN)
54 Europe Bottled Tea Market Outlook, By Fruit Tea (2021-2030) ($MN)
55 Europe Bottled Tea Market Outlook, By Green Tea (2021-2030) ($MN)
56 Europe Bottled Tea Market Outlook, By Herbal Tea (2021-2030) ($MN)
57 Europe Bottled Tea Market Outlook, By Jasmine Tea (2021-2030) ($MN)
58 Europe Bottled Tea Market Outlook, By Oolong Tea (2021-2030) ($MN)
59 Europe Bottled Tea Market Outlook, By Red Tea (2021-2030) ($MN)
60 Europe Bottled Tea Market Outlook, By Other Flavors (2021-2030) ($MN)
61 Europe Bottled Tea Market Outlook, By Nature (2021-2030) ($MN)
62 Europe Bottled Tea Market Outlook, By Organic (2021-2030) ($MN)
63 Europe Bottled Tea Market Outlook, By Conventional (2021-2030) ($MN)
64 Europe Bottled Tea Market Outlook, By Bottle Type (2021-2030) ($MN)
65 Europe Bottled Tea Market Outlook, By Sparkling Bottled Tea (2021-2030) ($MN)
66 Europe Bottled Tea Market Outlook, By Still Bottled Tea (2021-2030) ($MN)
67 Europe Bottled Tea Market Outlook, By Distribution Channel (2021-2030) ($MN)
68 Europe Bottled Tea Market Outlook, By Convenience Stores (2021-2030) ($MN)
69 Europe Bottled Tea Market Outlook, By Online Retail (2021-2030) ($MN)
70 Europe Bottled Tea Market Outlook, By Supermarkets & Hypermarkets (2021-2030) ($MN)
71 Europe Bottled Tea Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
72 Europe Bottled Tea Market Outlook, By Application (2021-2030) ($MN)
73 Europe Bottled Tea Market Outlook, By Home (2021-2030) ($MN)
74 Europe Bottled Tea Market Outlook, By Hotel (2021-2030) ($MN)
75 Europe Bottled Tea Market Outlook, By Other Applications (2021-2030) ($MN)
76 Asia Pacific Bottled Tea Market Outlook, By Country (2021-2030) ($MN)
77 Asia Pacific Bottled Tea Market Outlook, By Flavor (2021-2030) ($MN)
78 Asia Pacific Bottled Tea Market Outlook, By Black Tea (2021-2030) ($MN)
79 Asia Pacific Bottled Tea Market Outlook, By Fruit Tea (2021-2030) ($MN)
80 Asia Pacific Bottled Tea Market Outlook, By Green Tea (2021-2030) ($MN)
81 Asia Pacific Bottled Tea Market Outlook, By Herbal Tea (2021-2030) ($MN)
82 Asia Pacific Bottled Tea Market Outlook, By Jasmine Tea (2021-2030) ($MN)
83 Asia Pacific Bottled Tea Market Outlook, By Oolong Tea (2021-2030) ($MN)
84 Asia Pacific Bottled Tea Market Outlook, By Red Tea (2021-2030) ($MN)
85 Asia Pacific Bottled Tea Market Outlook, By Other Flavors (2021-2030) ($MN)
86 Asia Pacific Bottled Tea Market Outlook, By Nature (2021-2030) ($MN)
87 Asia Pacific Bottled Tea Market Outlook, By Organic (2021-2030) ($MN)
88 Asia Pacific Bottled Tea Market Outlook, By Conventional (2021-2030) ($MN)
89 Asia Pacific Bottled Tea Market Outlook, By Bottle Type (2021-2030) ($MN)
90 Asia Pacific Bottled Tea Market Outlook, By Sparkling Bottled Tea (2021-2030) ($MN)
91 Asia Pacific Bottled Tea Market Outlook, By Still Bottled Tea (2021-2030) ($MN)
92 Asia Pacific Bottled Tea Market Outlook, By Distribution Channel (2021-2030) ($MN)
93 Asia Pacific Bottled Tea Market Outlook, By Convenience Stores (2021-2030) ($MN)
94 Asia Pacific Bottled Tea Market Outlook, By Online Retail (2021-2030) ($MN)
95 Asia Pacific Bottled Tea Market Outlook, By Supermarkets & Hypermarkets (2021-2030) ($MN)
96 Asia Pacific Bottled Tea Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
97 Asia Pacific Bottled Tea Market Outlook, By Application (2021-2030) ($MN)
98 Asia Pacific Bottled Tea Market Outlook, By Home (2021-2030) ($MN)
99 Asia Pacific Bottled Tea Market Outlook, By Hotel (2021-2030) ($MN)
100 Asia Pacific Bottled Tea Market Outlook, By Other Applications (2021-2030) ($MN)
101 South America Bottled Tea Market Outlook, By Country (2021-2030) ($MN)
102 South America Bottled Tea Market Outlook, By Flavor (2021-2030) ($MN)
103 South America Bottled Tea Market Outlook, By Black Tea (2021-2030) ($MN)
104 South America Bottled Tea Market Outlook, By Fruit Tea (2021-2030) ($MN)
105 South America Bottled Tea Market Outlook, By Green Tea (2021-2030) ($MN)
106 South America Bottled Tea Market Outlook, By Herbal Tea (2021-2030) ($MN)
107 South America Bottled Tea Market Outlook, By Jasmine Tea (2021-2030) ($MN)
108 South America Bottled Tea Market Outlook, By Oolong Tea (2021-2030) ($MN)
109 South America Bottled Tea Market Outlook, By Red Tea (2021-2030) ($MN)
110 South America Bottled Tea Market Outlook, By Other Flavors (2021-2030) ($MN)
111 South America Bottled Tea Market Outlook, By Nature (2021-2030) ($MN)
112 South America Bottled Tea Market Outlook, By Organic (2021-2030) ($MN)
113 South America Bottled Tea Market Outlook, By Conventional (2021-2030) ($MN)
114 South America Bottled Tea Market Outlook, By Bottle Type (2021-2030) ($MN)
115 South America Bottled Tea Market Outlook, By Sparkling Bottled Tea (2021-2030) ($MN)
116 South America Bottled Tea Market Outlook, By Still Bottled Tea (2021-2030) ($MN)
117 South America Bottled Tea Market Outlook, By Distribution Channel (2021-2030) ($MN)
118 South America Bottled Tea Market Outlook, By Convenience Stores (2021-2030) ($MN)
119 South America Bottled Tea Market Outlook, By Online Retail (2021-2030) ($MN)
120 South America Bottled Tea Market Outlook, By Supermarkets & Hypermarkets (2021-2030) ($MN)
121 South America Bottled Tea Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
122 South America Bottled Tea Market Outlook, By Application (2021-2030) ($MN)
123 South America Bottled Tea Market Outlook, By Home (2021-2030) ($MN)
124 South America Bottled Tea Market Outlook, By Hotel (2021-2030) ($MN)
125 South America Bottled Tea Market Outlook, By Other Applications (2021-2030) ($MN)
126 Middle East & Africa Bottled Tea Market Outlook, By Country (2021-2030) ($MN)
127 Middle East & Africa Bottled Tea Market Outlook, By Flavor (2021-2030) ($MN)
128 Middle East & Africa Bottled Tea Market Outlook, By Black Tea (2021-2030) ($MN)
129 Middle East & Africa Bottled Tea Market Outlook, By Fruit Tea (2021-2030) ($MN)
130 Middle East & Africa Bottled Tea Market Outlook, By Green Tea (2021-2030) ($MN)
131 Middle East & Africa Bottled Tea Market Outlook, By Herbal Tea (2021-2030) ($MN)
132 Middle East & Africa Bottled Tea Market Outlook, By Jasmine Tea (2021-2030) ($MN)
133 Middle East & Africa Bottled Tea Market Outlook, By Oolong Tea (2021-2030) ($MN)
134 Middle East & Africa Bottled Tea Market Outlook, By Red Tea (2021-2030) ($MN)
135 Middle East & Africa Bottled Tea Market Outlook, By Other Flavors (2021-2030) ($MN)
136 Middle East & Africa Bottled Tea Market Outlook, By Nature (2021-2030) ($MN)
137 Middle East & Africa Bottled Tea Market Outlook, By Organic (2021-2030) ($MN)
138 Middle East & Africa Bottled Tea Market Outlook, By Conventional (2021-2030) ($MN)
139 Middle East & Africa Bottled Tea Market Outlook, By Bottle Type (2021-2030) ($MN)
140 Middle East & Africa Bottled Tea Market Outlook, By Sparkling Bottled Tea (2021-2030) ($MN)
141 Middle East & Africa Bottled Tea Market Outlook, By Still Bottled Tea (2021-2030) ($MN)
142 Middle East & Africa Bottled Tea Market Outlook, By Distribution Channel (2021-2030) ($MN)
143 Middle East & Africa Bottled Tea Market Outlook, By Convenience Stores (2021-2030) ($MN)
144 Middle East & Africa Bottled Tea Market Outlook, By Online Retail (2021-2030) ($MN)
145 Middle East & Africa Bottled Tea Market Outlook, By Supermarkets & Hypermarkets (2021-2030) ($MN)
146 Middle East & Africa Bottled Tea Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
147 Middle East & Africa Bottled Tea Market Outlook, By Application (2021-2030) ($MN)
148 Middle East & Africa Bottled Tea Market Outlook, By Home (2021-2030) ($MN)
149 Middle East & Africa Bottled Tea Market Outlook, By Hotel (2021-2030) ($MN)
150 Middle East & Africa Bottled Tea Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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