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Out of Home Tea Market

Out of Home Tea Market<br>

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Out of Home Tea Market

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com COVID-19 Impact Tracker

  2. OUT OF HOME TEA MARKET ANALYSIS Out of Home Tea Market, by Product Type (Black Tea, Green Tea, Herbal Tea, Fruit Tea, Matcha Tea, and Oolong Tea), by Packaging Type (Loose Tea, Tea Bags, Bottled Tea, and Canned Tea), by Distribution Channel (Quick Service Restaurants, Full Service Restaurants, Bars & Pubs, Cafes, Workplace, and Others), and by Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Market Insights 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.

  4. MARKET DYNAMICS The growth of the out of home tea market is attributed to increasing consumption of tea at workplaces owing to increasing working population across the globe. For instance, according to European Commission’s Labour Market & Labour Force Statistics, Europe’s employment rate for person aged 20-64 was 64 % in 2017, and which increased to 73.1% in 2018.

  5. 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.

  6. KEY MARKET PLAYERS Major players operating in the global out of home tea market include Tata Global Beverages Ltd., Nestle S.A, Celestial Seasonings Inc., Unilever Plc., Ito End, Ltd, Barry’s Tea, Associated British Foods, Dilmah Ceylon Tea Company, The Republic of Tea, and Bettys and Taylors Group Limited. Companies operating in the market are focusing on mergers & acquisitions in order to expand their market share. For instance, in 2017, Unilever Plc acquired Pukka Herbs Ltd., producer of organic herbal tea. This will help Unilever to expand its product portfolio and expand its tea business.

  7. MARKET TAXONOMY On the basis of product type, the global out of home tea market is segmented into: On the basis of packaging type, the global out of home tea market is segmented into: On the basis of distribution channel, the global out of home tea market is segmented into:

  8. Request Sample Report • Download PDF Brochure • Request Customization • Talk to Analyst BUY NOW For Your Reference: https://www.coherentmarketinsights.com/ongoing-insight/out-of-home-tea-market-3003

  9. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  10. Contact Us Mr. Shah Coherent Market Insights Private Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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