2014-04-24 15:51:01 - RTD Tea in India - a new market research report on companiesandmarkets.com
Hindustan Unilever was the clear leader in the India RTD tea market in 2012, with an 80% off-trade value share. Lipton and Nestea were the only notable brands in the Indian RTD tea. Hindustan Unilever commenced distribution of Lipton Ice Tea by extending its international alliance with PepsiCo into India in 2004. In 2010, Coca-Cola, in collaboration with NestlÃ©, made a foray into RTD tea with the Nestea brand.
The 20% off-trade current value growth in 2012 was in line with the review period CAGR of 23%. However, off-trade volume growth in 2012 was slower at 14% when compared to review period CAGR of 16%.This reflects a lack of marketing activity by manufacturers to create awareness about the product in India
during the review period. RTD tea has a small presence in urban areas and is mainly restricted to modern retail outlets. However, its presence in rural or semi-urban cities is close to nil.
Total volume sales are expected to grow by a CAGR of 6% over the forecast period, with the on-trade channel expected to register slightly stronger growth than the off-trade. However, off-trade volume sales will continue to dominate, with a share of 90% in 2012. The popularity of branded RTD tea through off-trade sales may see a slight improvement due to the rising modern retail formats where manufacturers will display new launches.
- Retail value sales of RTD tea rise by 20% reaching Rs720 million in 2012
- The success of coffee chains has spurred many tea manufacturers, such as Wagh Bakri, to launch similar cafÃ©s selling a variety of teas
- Still RTD tea, excluding Asian, remains the only category in RTD tea in 2012
- Average unit prices increase by 5% in 2012
- Hindustan Unilever continues to dominate RTD tea with 80% retail value sales
- Off-trade volume sales are expected to increase by a CAGR of 6% over the forecast period
Click for report details: www.companiesandmarkets.com/Market/Food-and-Drink/Market-Researc ..
Browse all Food and Drink Market Research Reports www.companiesandmarkets.com/Market/Food-and-Drink/Market-Researc ..
Browse all Food and Drink Company Profile Reports www.companiesandmarkets.com/Market/Food-and-Drink/Company-Profil ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.