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The coffee and tea market is expected to grow from $101.04 billion in 2021 to $110.6 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The market is expected to reach to $143.48 billion in 2026 at a CAGR of 6.7%.

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Coffee And Tea Market Driver
Increasing demand for ready-to-drink (RTD) beverages is expected to drive the coffee and tea markets in the forecast period. An RTD is a single-use packaged beverage that is ready for immediate consumption at the time of purchase. RTD drinks are gaining popularity among working adults due to their clean labels and functionality. The introduction of new flavours in the range of RTD tea and coffee, ease of carrying, and convenience are expected to boost the demand for RTD tea and coffee.

Coffee And Tea Market Trends
Coffee companies are increasingly offering coffee subscription services to consumers. Coffee subscription services provide home delivery of coffee products to consumers for a subscription fee charged on a weekly or monthly basis.

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Coffee And Tea Market Segmentation By The Business Research Company

1) By Type: Coffee, Tea

2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

3) By Form: Liquid, Powder, Capsules

4) By Packaging: Containers, Bags, Packets or Pouches

Major Players And Regions Of The Coffee And Tea Market
Major players in the coffee and tea market are Nestle S.A., Unilever plc, Suntory Holdings Limited, Ito En Ltd., Louis Dreyfus, Olam International, J.M. Smucker Company, Kerry Group plc, The Kraft Heinz Company, and Marubeni.

Asia Pacific was the largest region in the coffee and tea market in 2021.

The Coffee And Tea Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the coffee and tea market.

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