Global Out of Home Tea Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

"Global Out of Home Tea Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global hospital disinfectant products market report has been segmented on the basis of type, packaging type, end use and region.

Global Out of Home Tea Market: Overview

Tea is a type of aromatic beverage that is prepared by pouring boiling or hot water in a cured leaves powder of the plant named Camellia Sinensis. More than 70% of the people, consume tea and is among one of the reasons for the higher demand for in-home consumption of tea

Global Out of Home Tea Market: Dynamics

The rising popularity of tea as a healthy and convenient beverage is a major factor expected to drive growth revenue in the global market over the next 10 years. In addition, increasing food and beverages expenditure, rising disposable income level, an increasing number of quick-service restaurants, are among some of the other factors expected to drive the demand for out of home tea market. Furthermore, drastically changing taste and preferences of consumers, higher adoption of tea-machines at workplaces are some of the other factors expected to support the growth of the market to a certain extent. However, the high cost is a significant factor that is expected to restrain the growth in term of revenue in the target market.

Global Out of Home Tea Market: Segment Analysis

Among the type segments, the green tea segment is expected to hold a majority revenue share in terms of revenue in the global market over the forecast period. This is due to, growing awareness regarding the medical benefits of consumption of green tea.  Among the packaging types segments, the tea bags segment is expected to register the highest revenue share. This is due to ease and convenience of use even for consuming it out of the home. Among the end use segments, the quick service restaurants segment is expected to register the highest revenue share. This is can be primarily increasing number of quick-service restaurants globally coupled with increasing demand for multi cousin’s food and beverages.

Global Out of Home Tea Market: Trends

Prominent manufacturers are adopting extensive growth strategies such as new product developments and acquisition of local players, for expanding its global as well as a regional foothold in the market. In October 2017, Tata Global Beverages Limited, which is an India-based non-alcoholic beverages company launched its first tea café Tata Cha in Bangalore for evaluating the out of home beverage space.

Global Out of Home Tea Market: Region Analysis

The market in Europe is projected to register for the highest revenue share in the global market, followed by the market in Europe. This is due to, increasing demand for a premium or specialty teas for consumption in homes and an increasing number of specialist retailers and specialty shops in countries such as Germany, UK, France, and many others. Revenue from the Asia Pacific out of home tea market is anticipated to grow at a higher CAGR in the upcoming years. This is primarily due to, changing scenario of retail stores and higher food & beverages expenditure of consumers in countries in the region.

Global Out of Home Tea Market Segmentation

Segmentation by type:

• Black tea
• Green tea
• Herbal tea
• Matcha tea
• Oolong tea
• Others

Segmentation by packaging type:

• Loose tea
• Tea bags
• Bottled
• Canned tea

Segmentation by end use:

• Quick Service Restaurants
• Restaurants
• Bars & Pubs
• Hotels
• Others (Café/Coffee Shop Chains, Work Places, etc.)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa