Published on : Mar 27, 2018
Albany, New York, March 27, 2018: In the present time, there is plenty of research showing that drinking tea can actually improve the health of a person. In fact, growing preference for tea pervaded with flavors, and herbal ingredients are becoming one of the prime growth drivers for the out of home tea market. In a recently published report on Market Research Hub (MRH), it has been clearly mentioned that the demand in the global out of home team market will expand at a remarkable CAGR of 10.4% during the forecast period of 2017 to 2025. To elaborate further, the study which is titled “Out of Home Tea Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” offers useful insights for new entrants and existing players operating in the out of the home market.
In the initial section of the report, readers can gain knowledge about the research highlights and key research objectives. This report comprises an executive summary that gives a market snapshot conveying information about various segments. This report has been analyzed on the basis of product type, packaging type and end-use. In addition, the report also includes key developments in the out of the home market. Porter Five Force analysis and financials are also included in the report.
Further, the study reveals market dynamics that are expected to impact the current challenges and future standing of the global out of the home market over the forecast period. As the report proceeds, geographical segregation has been offered which includes analysis of some prime regions and are analyzed in terms of market revenue. Regions highlighted in the study include Middle East & Africa (MEA), North America, Europe, Asia Pacific, and South America.
Key Findings from the Report
It has been analyzed that the consumption of out of home tea is increasing significantly across various end-user segments such as restaurants, quick service restaurants, and cafes. Revenue-wise, the analysts of this report have estimated that there will be opportunities worth US$39,329.8 mn by 2025 in the global OOH tea market.
On the basis of geography, Asia Pacific is showing tremendous growth in the overall market and expected to do well during the course of the forecast period as well, followed by North America and Europe.
Some of the major factors such as health hazards caused due to excessive coffee consumption, growing popularity of tea, and changing scenario of retail stores are anticipated to augment the demand in the global out of home tea market in coming years.
In the end, this report also highlights an important section which covers detailed competitive landscape by profiling major market leaders. The players include Unilever Group, Pepsico, Inc., Tata Global Beverages Ltd, Dilmah Ceylon Tea Company PLC, Kusmi Tea, Celestial Seasonings, Inc., Bettys and Taylors Group Limited, Peet’s Coffee & Tea., Tenfu Corporation, The Republic of Tea, Associated British Foods, Starbucks Corporation, The Coca-Cola Company, Nestle S.A., and Costa Ltd.
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