South Korea Iced/RTD Tea Drinks (Soft Drinks) Market Size, Growth and Forecast Analytics to 2026

South Korea Iced/RTD Tea Drinks (Soft Drinks) Market Size, Growth and Forecast Analytics to 2026

Summary

South Korea Iced/RTD Tea Drinks (Soft drinks) Market Size, Growth and Forecast Analytics to 2026 is a broad level market review of Iced/RTD Tea Drinks market in South Korea.

Carbonated and Non-Carbonated ready to drink (rtd) packaged tea-based drinks and non-ready to drink (non-rtd) powders and liquid concentrates which dilute with water to make a product similar/identical to the ready to drink product. Includes products based on black, green, oolong, barley, rooibos, white and mate tea, as well as fruit, flower and herbal teas. Products can be cold or hot-filled and based on brewed tea or tea extract. They may contain additional flavorings, typically fruit, floral or herbal, fruit juice, sweeteners and other ingredients.

The category includes all products that have tea as their base flavor regardless of the percentage of milk or soymilk content (ie this may be more than 50%).

The category also includes all products that have tea as their base flavor regardless of the percentage of juice content. Typically this is in the range of 5-30%, but premium products with higher juice content are also available in some markets such as the USA.

Includes tea and energy blends where tea is the base ingredient. Excludes tea and energy blends, where the base formulation of the product is an energy drink and tea is the flavor, products are categorized under energy drinks. Includes liquid water tea-based enhancers.

All powders and concentrates are expressed in ready to drink (rtd) volumes.Where product is made to order in chain coffee shops from packaged ingredient, volume is recorded as packaged (eg carton, sachet, bag in box) but where product is not derived from a packaged input eg in independent restaurants and coffee shops, volume is recorded as ‘unpackaged’.

Iced/RTD Tea Drinks market in South Korea registered a positive compound annual growth rate (CAGR) of 0.54% during the period 2016 to 2021 with a sales value of KRW 577,748.21 Million in 2021, a decrease of -4.88% over 2020. The market achieved its strongest performance in 2017, when it grew by 6.74% over its previous year and its weakest performance in 2020, when it fell by -7.04% over 2019.

The research handbook provides up-to-date market size data for period 2016-2021 and illustrative forecast to 2026 premised on Covid-19 hit, covering key market aspects like Sales Value and Volume for Iced/RTD Tea Drinks and its variants .

Furthermore, the research handbook details out Sales Value and Volume for top brands for the year 2018 to 2021 and overall market sales by Distribution Channel (Dollar Stores, Variety Store & General Merchandise Retailers, Cash & Carries and Warehouse Clubs, Convenience Stores & Gas Stations, Department Stores, Drug Stores & Pharmacies, Chemists/Pharmacies, Parapharmacies/Drugstores, eRetailers, Food & Drinks Specialists, Health & Beauty Stores, Hypermarkets & Supermarkets, Direct Sellers, Others, On Trade, Vending Machines, Other Specialist Retailers, Tobacco Specialists) where ever applicable.

Due to on going large scale uncertainties in the market due to COVID-19 pandemic, the research handbook acts as an essential tool for companies active or planning to venture in to South Korea's Iced/RTD Tea Drinks (Soft drinks) market. The comprehensive statistics within the research handbook provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting.

Sales Values in the handbook are depicted in USD ($) and local currency of country and Volumes are represented in M Liters.

*Note: Certain content / sections in the research handbook may be removed or altered based on the availability and relevance of data.

Scope

• Overall Iced/RTD Tea Drinks (Soft drinks) market value and volume analytics with growth analysis from 2016 to 2026.
• Value and Volume terms for the top brands.
• Distribution channel sales analytics from 2018-2021.

Reasons to Buy

• Get access to authoritative and granular data on the Iced/RTD Tea Drinks (Soft drinks) market and fill in the gaps in understanding of trends and the components of change behind them.
• Enhance your understanding of the market to update your strategic and tactical plans based on volume and value changes, brand dynamics and distribution trends.
• Analyze the components of change in the market by looking at historic and future growth patterns.
• Use the data to understand future patterns of the market trends from winners and losers to category dynamics and thereby quickly and easily identify the key areas in which you want to compete in the future.