Out-of-home Tea Market worth $63.95 billion by 2030, growing at a CAGR of 5.73% - Exclusive Report by 360iResearch

The "Out-of-home Tea Market by Product Type (Black Tea, Green Tea, Herbal Tea), Packaging (Bottled Tea, Canned Tea, Pouches), Utility, Certification, End-user - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Out-of-home Tea Market to grow from USD 43.29 billion in 2023 to USD 63.95 billion by 2030, at a CAGR of 5.73%.

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The out-of-home tea includes tea-based beverages served in locations and establishments beyond individual households. This includes tea served at cafes, restaurants, hotels, offices, events, serve-yourself stations in supermarkets or gas stations, and various other venues where tea is consumed by individuals away from their homes. Increasing health consciousness among consumers preferring healthier beverage choices and rising disposable incomes allowing for indulgence in premium experiences at specialty cafés is driving the demand for out-of-home tea. Growing appreciation for diverse cultural cuisines, with tea becoming a popular choice for social gatherings and relaxation, is expanding the demand for out-of-home tea. Rising variability in raw material prices due to unpredictable weather patterns affecting crop yields is hampering market growth. The rising introduction of rare and exotic teas with diverse flavors by market vendors is expected to create opportunities for market growth. The ongoing collaboration activities by market vendors with popular local or international brands to offer exclusive products or promotions and the rising adoption of environmentally-conscious practices such as sustainable packaging solutions and ethically sourced ingredients are anticipated to expand the scope of the market.

Consumer preferences are shifting toward healthier choices, and the high adoption of tea in various nations, such as the U.S., UK, Germany, China, Japan, and India, is significantly contributing to the growth of the out-of-home tea market. Furthermore, the U.S. is a technologically advanced country with advanced production facilities, including high-speed tea bagging machines, automation, and robotics to drive the production efficiency of out-of-home tea, subsequently expanding the market scope. Furthermore, worldwide, China produces 40% of the tea, approximately 2.4 million tonnes, and most tea is cultivated in Yunnan, Guangdong, and Zhejiang areas. Additionally, in Asian countries, including India, Sri Lanka, and Vietnam, the tea market is huge, with a significant number of tea gardens distributed across the country, further creating opportunities for the market to grow across this region. In the European Union (EU) countries, the out-of-home tea sector is fueled by growing interest in unique flavors and wellness attributes. Countries, including the United Kingdom, are witnessing an increase in specialty tea lounges and cafes that cater to these preferences.

Market Segmentation & Coverage:

This research report categorizes the Out-of-home Tea Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product Type, market is studied across Black Tea, Green Tea, and Herbal Tea. The Black Tea commanded largest market share of 55.61% in 2023, followed by Green Tea.

Based on Packaging, market is studied across Bottled Tea, Canned Tea, Pouches, and Tea Bags. The Pouches commanded largest market share of 48.18% in 2023, followed by Tea Bags.

Based on Utility, market is studied across Loose Leaf Tea and Ready-to-Drink. The Loose Leaf Tea commanded largest market share of 85.92% in 2023, followed by Ready-to-Drink.

Based on Certification, market is studied across Conventional and Organic. The Conventional commanded largest market share of 86.82% in 2023, followed by Organic.

Based on End-user, market is studied across Hotels & Restaurants, Offices & Institutions, and Tea Stalls & Café's. The Hotels & Restaurants commanded largest market share of 56.95% in 2023, followed by Tea Stalls & Café's.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.25% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Out-of-home Tea Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Out-of-home Tea Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Out-of-home Tea Market, highlighting leading vendors and their innovative profiles. These include Apeejay Surrendra Group, Asahi Group Holdings, Ltd., Associated British Foods PLC, Barry's Tea, Betjeman and Barton, Bettys & Taylors Group Limited, Bigelow Tea, Ceylon Tea, Dabur India Limited, DavidsTea Inc., Dilmah Ceylon Tea Company PLC by MJF Exports (Pvt) Limited, Fauchon SAS, Godrej & Boyce Manufacturing Company Limited, Guangzhou Runming Food Technology Co., Ltd, Harney & Sons Fine Tea, ITO EN LTD., Jacobs Douwe Egberts B.V., Julius Meinl Industrieholding GmbH, Kirin Holdings Company, Limited, Kusmi Tea by Orientis Gourmet SAS, Lipton Teas and Infusions, Marvel Tea, Nerada Tea Pty Ltd., Nestle S.A., Numi, Inc., Organic India Pvt. Ltd., Palais des Thés, PepsiCo, Inc., Sancha Tea, Sapat International Pvt. Ltd., Sapporo Holdings Limited, Sugimoto Seicha Usa, Inc., Suntory Holdings Limited, Tata Consumer Products Limited, Tea of Life, Teaxpress, TenFu's Tea, The Coca-Cola Company, The Daintree Tea Company, The Hain Celestial Group, Inc., The Republic of Tea, Inc., Unilever PLC, Vahdam Teas Private Limited, and Williamson Magor & Co. Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Out-of-home Tea Market, by Product Type
7. Out-of-home Tea Market, by Packaging
8. Out-of-home Tea Market, by Utility
9. Out-of-home Tea Market, by Certification
10. Out-of-home Tea Market, by End-user
11. Americas Out-of-home Tea Market
12. Asia-Pacific Out-of-home Tea Market
13. Europe, Middle East & Africa Out-of-home Tea Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Out-of-home Tea Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Out-of-home Tea Market?
3. What is the competitive strategic window for opportunities in the Out-of-home Tea Market?
4. What are the technology trends and regulatory frameworks in the Out-of-home Tea Market?
5. What is the market share of the leading vendors in the Out-of-home Tea Market?
6. What modes and strategic moves are considered suitable for entering the Out-of-home Tea Market?

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