Out of Home Tea Market : Which factor will accelerate market growth?

Coherent Market Insights has added a new research report on Out of Home Tea Market. The study aims to provide a roadmap of the Out of Home Tea industry which makes up for the scope of product, market revenue cycle, new opportunities, CAGR, sales volumes, and figures. The market analysts who authored this report have provided detailed information about key growth drivers, restraints, challenges, trends, and opportunities to offer a comprehensive analysis of the Out of Home Tea Market. Market players can use this analysis of market dynamics to plan effective growth strategies and prepare in advance for future challenges.

Out of home tea refers to consumption of tea in outdoor places such as restaurants, workplace canteens etc. Tea is positioned as a refreshing drink which is affordable by majority of the population. Tea contains less caffeine than coffee which makes it a preferred drink in outdoor places. Higher out of home tea consumption occurs in urban regions that have witnessed increasing industrialization and commercialization. Moreover, there is increasing preference for black tea owing to its antioxidant properties which can help in lowering cholesterol and blood sugar levels.

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Key players operating in the global Keyword market include Tata Global Beverages Ltd., Nestle S.A, Celestial Seasonings Inc., Unilever Plc., Ito En, Ltd, Barry’s Tea, Associated British Foods, Dilmah Ceylon Tea Company, The Republic of Tea, and Bettys and Taylors Group Limited.

MARKET OUTLOOK

Asia Pacific is expected to witness the highest growth rate in the market during the forecast period owing to growing number of cafes and quick service restaurants in the region. According to India Brand Equity Foundation, India’s cafe chain market was valued at US$ 359 million in 2018, and is projected to grow at an annual rate of 6.9% to reach US$ 634 million by 2023.

Among product type, black tea segment is expected to account for the highest market share during the forecast period due to various health benefits associated with it. According to Food and Agriculture Organization of United Nations’ Current Market Situation and Medium Outlook’s 2018 report, the global black tea production was pegged at 3.33 million tons in 2017, and is expected to grow at a rate of 2.2% to reach 4.42 million tons by 2027. According to the same source, global tea consumption was pegged at 3.29 million tons in 2017, and is expected to grow at a rate of 2.5% to reach 4.16 million tons by 2027.

The report provides:

• Insights into the intact market structure, scope, profitability, and potential.
• Precise assessment of market size, share, demand, and sales volume.
• Authentic estimations for revenue generation and Out of Home Tea Market development.
• A thorough study of Out of Home Tea Market companies including organizational and financial status.
• Perception of crucial market segments including, forecast study.
• The acumen of upcoming opportunities and potential threats and risks in the market.

MARKET TAXONOMY

On the basis of product type, the global out of home tea market is segmented into:
• Black Tea
• Green Tea
• Herbal Tea
• Fruit Tea
• Matcha Tea
• Oolong Tea

On the basis of packaging type, the global out of home tea market is segmented into:
• Loose Tea
• Tea Bags
• Bottled Tea
• Canned Tea

On the basis of distribution channel, the global out of home tea market is segmented into:
• Quick Service Restaurants
• Full Service Restaurants
• Bars & Pubs
• Cafes
• Workplace
• Others

Table of Contents

1. Research Objectives and Assumptions
o Research Objectives
o Assumptions
o Abbreviations

2. Market Purview
o Report Description
 Market Definition and Scope
o Executive Summary
 Market Snippet By Foundation
 Market Snippet By Component
 Market Snippet By Location
o Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
 Drivers
 Supply Side Drivers
 Demand Side Drivers
 Economic Drivers
 Restraints
 Market Opportunities
 Regulatory Scenario
 Industry Trend
 Mergers and Acquisitions
 New Product Approvals/Launch
 Promotion and Marketing Initiatives
o Cost Tier Down Analysis
Cont...

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This release was published on openPR.