Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 20.1 Billion | USD 30.1 Billion | 11.9% | 2022 |
FrequentlyAsked Questions
Alcoholic tea is a drink that is prepared by mixing tea and alcohol. Furthermore, it is cooled with ice and is consumed. In addition to this, there is a humungous demand for cocktails infused with tea due to surging demand for island-based flavors including long island tea. Reportedly, the product is available in myriad flavors including fruity flavor, sweet tea, and fancy tea martini. In addition to this, alcoholic tea is in much demand from the millennial population.
The global alcoholic tea market is projected to expand over 2023-2030 with alcoholic tea helping in reducing weight loss and enhancing mental alertness. In addition to this, the product is a rich source of antioxidants and offers huge health benefits. This, in turn, will prop up the growth of the global market. Increasing trend of consuming cocktails will contribute majorly to the global market revenue.
According to study, the global alcoholic tea market size was $20.1 billion in 2022 and is projected to reach $30.1 billion by the end of 2030.
The global alcoholic tea market is anticipated to record a CAGR of nearly 11.9% from 2023 to 2030.
The European alcoholic tea industry is set to register the fastest CAGR over the forecasting period subject to large-scale export of alcoholic beverages from countries such as Russia, Italy, France, Spain, and the UK to North American and Latin American countries including the U.S., Canada, Brazil, Mexico, and Argentina.
The global alcoholic tea market is led by industry players such as Red Diamond, Wagamama, Tea Venture, Harry Brompton's London Ice Tea, Eteaket, and Synergy Flavors.
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