Sarasota, FL -- (SBWIRE) -- 07/13/2018 -- Global Out of Home Tea Market: Overview
Tea is one of the most widely consumed beverages across the world next to water, as it is one of the beverage that can be served hot as well as cold, anywhere, anytime, for any occasion. The social and economic interest of the tea is clear and consumption of tea is a part of many people's daily routine. It serves as a therapeutic aid in many illnesses. Thus, adoption of tea as a beverage expanded from developed economies to emerging economies too. Tea has become the main source of refreshment for the employees at the workplaces.
Global Out of Home Tea Market: Growth Factors
The global out of home tea market is driven by the growing popularity of tea as a health drink, convenient packaging and availability of tea products in different fragrances, flavors and herbal ingredients. Moreover, the change in the shift from coffee consumption to tea consumption considering the risks associated are some of the factors that are expected to increase the demand of the out of home tea market in the years to come.
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Global Out of Home Tea Market: Segmentation
The global out of home tea market is segmented in terms of packaging type, by end-user type by type and by region. On the basis of packaging type, the global out of home tea market is segmented into loose tea, Tea bags, Bottled and Canned tea. The tea bags segment is projected to hold a dominant share in packaging due to their convenience in usage outdoors, restaurants, workplaces, pubs, etc. On the basis of end-user type, the global out of home tea market is classified into Quick Service Restaurants, Restaurants, Bars & Pubs, Hotels, Café/Coffee Shop Chains, Work Places, Outdoor and Others. On the basis of type, the global out of home tea market is divided into Black tea, Green tea, Herbal tea, Matcha tea, Oolong tea and others. The green tea segment is expected to grow at the highest CAGR on an account of the health benefits due to its anti-bacterial and anti-oxidant properties. Green tea is a powerful detox for removing toxins from the body.
Global Out of Home Tea Market: Regional Analysis
In terms of region, the global out of home tea market is divided into North America, Asia Pacific, Europe, Latin America and the Middle East and Africa. Asia Pacific is anticipated to grow at the highest CAGR and projected to hold a dominant share in the coming future owing to the Health benefits of the products. Benefits of the Tea products include high metabolism, inducing weight loss and are rich in antioxidants.
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Global Out of Home Tea Market: Competitive Players
Some of the important key players in the market are Unilever Group, Dilmah Ceylon Tea Company PLC, Bettys and Taylors Group Limited, Tata Global Beverages Ltd, Kusmi Tea, Starbucks Corporation, Peet's Coffee & Tea., Tenfu Corporation, Pepsico, Inc.,The Republic of Tea, Nestle S.A., Celestial Seasonings, Inc., Associated British Foods, The Coca-Cola Company, and Costa Ltd among others.
Global Out of Home Tea Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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