Since the past, tea has been one of the most standard casual drinks, which is consumed in huge volumes all over the world. With technology picking up pace and modernization dwelling its roots, the availability of tea has indeed enhanced. The presence of Quick Service Restaurants (QSR) and tea cafes are common examples of out of home tea bases which are picking pace. To learn about the market for out of home (OOH) tea, a new research study has been added to the broad database of Market Research Reports Search Engine (MRRSE). This research study is titled “Out of Home Tea Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, which discusses all the prominent trends and technologies acting as a vital element in the growth of OOH market during the forecast period.
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The market overview section of the report demonstrates the market dynamics and trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. An attractiveness analysis is also part of the report which focuses on every geographic region, in order to give a thorough analysis of the overall competitive scenario of the out of home tea market, globally. As per active business intelligence study, the demand in the global out of home team market is likely to swell at a significant CAGR of 10.4% during the period 2017 to 2025. Based on revenue, the analysts have estimated that the market is anticipated to grab opportunities worth US$39,329.8 mn by the end of the forecast period.
The following section talks about the market segmentation in terms of product type which includes black tea, herbal tea, green tea, oolong tea, matcha tea and others. Further, the primary end-use sectors examined in the report are quick service restaurants, bars & pubs, restaurants, hotels, work places, outdoor, café/coffee shop chains and others.
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Geographically, Asia Pacific is spotted as the most lucrative market region and would continue to prove its dominance until 2025. As per research specifics, Asia Pacific out of home tea market is projected to acquire market revenue worth US$29,741.2 mn during the forecast period, which is quite impressive. Some of the major players from the concerned market include names like Unilever Group, Dilmah Ceylon Tea Company PLC, Tata Global Beverages Ltd, Bettys and Taylors Group Limited, Kusmi Tea, Tenfu Corporation, Peet’s Coffee & Tea., The Republic of Tea, Associated British Foods, Celestial Seasonings, Inc., Starbucks Corporation, The Coca Cola Company, Nestle S.A., Pepsico, Inc., and Costa Ltd.
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