Pune, Maharashtra -- (SBWire) -- 09/15/2023 --According to HTF Market Intelligence, the Global Out of Home Tea market to witness a CAGR of 9.3% during forecast period of 2023-2028. The market is segmented by Global Out of Home Tea Market Breakdown by Application (Quick Service Restaurants, Hotels, Cafe/Tea Shop Chains, Others) by Type (Black Tea, Green Tea, Herbal Tea, Matcha Tea, Oolong Tea, Others) by Packaging (Bottled Packed, Canned Packed, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Out of Home Tea market size is estimated to increase by USD 51.32 Billion at a CAGR of 9.3% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 5.5 Billion.
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HTF Market Intelligence published a new research publication on Out of Home Tea Market Insights, to 2028" with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Out of Home Tea market was mainly driven by the increasing R&D spending across the world, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are Unilever Group (United Kingdom), Tata Global Beverages Ltd (India), Associated British Foods (United Kingdom), Celestial Seasonings, Inc. (United States), The Republic of Tea (United States), Tenfu Corporation (China), Peet’s Coffee & Tea (United States), Nestle S.A. (Switzerland), The Coca Cola Company (United States), Pepsico, Inc. (United States).
Definition:
The out-of-home tea market refers to the consumption of tea and related products outside of the home, typically in cafes, restaurants, tea houses, and other foodservice establishments.
Market Trends:
Health and Wellness: Increasing consumer awareness of the health benefits of tea, such as antioxidants and stress reduction.
Market Drivers:
Changing Lifestyles: Busier lifestyles, urbanization, and a preference for convenience drive people to consume tea on the go.
Market Opportunities:
Product Diversification: Offering a wide range of tea varieties and flavors.
Market Restraints:
Product Diversification: Offering a wide range of tea varieties and flavors.
Market Challenges:
Product Diversification: Offering a wide range of tea varieties and flavors.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Out of Home Tea Market: Black Tea, Green Tea, Herbal Tea, Matcha Tea, Oolong Tea, Others
Key Applications/end-users of Out of Home Tea Market: Quick Service Restaurants, Hotels, Cafe/Tea Shop Chains, Others
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With this report you will learn:
- Who the leading players are in Out of Home Tea Market?
- What you should look for in a Out of Home Tea
- What trends are driving the Market
- About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Out of Home Tea vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.
Who should get most benefit of this report?
- Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Out of Home Tea
- Marketers and agencies doing their due diligence in selecting a Out of Home Tea for large and enterprise level organizations
- Analysts and vendors looking for current intelligence about this dynamic marketplace.
- Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.
List of players profiled in this report: Unilever Group (United Kingdom), Tata Global Beverages Ltd (India), Associated British Foods (United Kingdom), Celestial Seasonings, Inc. (United States), The Republic of Tea (United States), Tenfu Corporation (China), Peet’s Coffee & Tea (United States), Nestle S.A. (Switzerland), The Coca Cola Company (United States), Pepsico, Inc. (United States).
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Quick Snapshot and Extracts from TOC of Latest Edition
Overview of Out of Home Tea Market
Out of Home Tea Size (Sales Volume) Comparison by Type (Black Tea, Green Tea, Herbal Tea, Matcha Tea, Oolong Tea, Others)
Out of Home Tea Size (Consumption) and Market Share Comparison by Application (Quick Service Restaurants, Hotels, Cafe/Tea Shop Chains, Others) (2022-2028)
Out of Home Tea Size (Value) Comparison by Region (2023-2028)
Out of Home Tea Sales, Revenue and Growth Rate (2023-2028)
Out of Home Tea Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type (Black Tea, Green Tea, Herbal Tea, Matcha Tea, Oolong Tea, Others)
Analyse competitors, including all important parameters of Out of Home Tea
Out of Home Tea Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players
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Actual Numbers & In-Depth Analysis of Global Out of Home Tea Market Size Estimation and Trends Available in Full Version of the Report.
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