Ideal for summertime merchandising, packaged coffee, lattes and teas are an opportunity that retailers don’t want to squander. Ready-to-drink (RTD) coffees and iced lattes are the fastest-growing category in coffee and will represent 29% of the consumer coffee market by 2025, according to the Mintel U.S. Coffee Report 2020.
Additionally, the global nonalcohol beverage market size is expected to reach $363.1 billion by 2030, expanding at a compound annualized growth rate of 5.6% during the forecast period, according to a new report by Grand View Research Inc. The top three nonalcohol drinks includes tea/coffee—following behind carbonated soft drinks and bottled water.
Recognizing the potential, some Chicago-area Amazon Fresh stores recently handed out free 12-ounce cans of Coca-Cola With Coffee to help recruit new loyalists.
Click through for a snapshot of four recently released RTD coffee and tea options.