According to Fact.MR’s latest report – Nitrogen-infused Tea Market Outlook (2023-2033) – the global nitrogen-infused tea market is expected to reach US$161.2 million by 2033, expanding at a high-value compound annual growth rate (CAGR) of 20.5 percent.
Fact.MR is a provider of market research and competitive intelligence.
Nitrogen-infused tea is a relatively new trend in the beverages industry that has gained popularity in recent years. Nitrogen infusion involves adding nitrogen gas to a beverage, already popular with coffee, which creates a creamy and smooth texture with a frothy top layer.
Consumers’ preference for nitro beverages is expanding, and more cafes are serving them, which is driving the industry. The main force behind the growth of the North American market for these beverages is their rising popularity in the United States and Canada.
Nitrogen-infused tea is often served on tap, which provides a convenient and quick way for consumers to enjoy their tea. This trend is especially popular in food service establishments, where customers can quickly grab a refreshing and unique beverage on the go.
One factor that has contributed to the growth of the nitrogen-infused tea market is the increasing popularity and consumption of tea in general. Consumers are becoming more aware of the health benefits of tea and they’re looking for new and innovative ways to enjoy it.
In addition, the growth of the specialty coffee industry has helped familiarize consumers with nitrogen-infused beverages, making it easier to introduce nitrogen-infused tea to the market.
Key Takeaways from the New Report on Nitro Tea:
- The global nitrogen-infused tea market is currently valued at US$24.97 million for 2023.
- Worldwide demand for nitrogen-infused tea is projected to surge at a significant CAGR through 2033.
- The market in the United Kingdom is projected to rise at 21.8 percent CAGR through 2033.
- Japan’s nitrogen-infused market is anticipated to expand at a CAGR of 14.9 percent during the forecast period.
- Market expansion is driven by growing demand for innovative ready-to-drink beverages around the world.
- In addition, consumption of healthy beverages is rising, as a result of growing health concerns among consumers worldwide.
- The market for nitrogen-infused tea is still relatively small, but it’s growing rapidly as more consumers are becoming interested in trying new and unique beverage experiences.
- The popularity of nitrogen-infused coffee, also known as nitro coffee, has paved the way for nitrogen-infused tea to gain traction in the market.
- The tea industry should consider nitrogen-infused tea a potentially appealing option for health-conscious consumers, who may be looking for a refreshing and flavorful alternative to traditional tea.
Fact.MR, headquartered in Dubai, UAE, with offices in the United States and India, is a research and consulting firm.
To learn more, visit FactMR.com.
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