Out of Home Tea Market is expected to Witness US$ 47.7 Billion by End of 2031 - Transparency Market Research, Inc.

Wilmington, Delaware, United States, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global out of home tea market is likely to expand at a CAGR of 9.3% from 2022 to 2031. Out of home tea is consumed outdoors. It can be consumed in a variety of settings, which include fast-food restaurants, cafes, pubs and bars, lodging establishments, and workplaces. Out of home tea is available in a variety of flavors and variations, namely oolong tea, matcha tea, herbal tea, black tea, and green tea. Rise in popularity and adoption of multiple tea types is anticipated to aid in market expansion during the forecast period.

Tea helps to improve the immune system and reduce inflammation. Consumers choose to purchase ready-to-drink tea due to these health benefits. As a result, increased awareness of the benefits of tea is expected to drive market growth during the forecast period. Rise in popularity of tea infused with herbal ingredients, flavors, and fragrances is expected to promote the global out-of-home tea industry growth in the near future.

According to TMR report, the global out of home tea market was valued at US$ 19.8 Bn in 2021 and is anticipated to reach US$ 47.7 Bn by the end of 2031. Tea helps in soothing inflammation, and the rise in awareness about this factor is likely to help create new business opportunities during the forecast period.

Request to Sample PDF of this Strategic Report (Use Corporate Mail ID for Top Priority) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40361

Key Findings of Study

• Rise in Consumer Shift from Coffee to Tea: High consumption of coffee in major economies of the world has resulted in a number of negative health effects. Consumption of coffee in large doses has been proven to have negative side effects such as stress hormones that result in rise in tension levels, increased heart rate, and high blood pressure. Therefore, most consumers are now favoring tea in the quest for better health benefits. The rise in tea import rates is also anticipated to augur well for the out of home tea market during the forecast period.
• High Consumption Rate of Green Tea: Green tea has gained worldwide popularity on account of its health benefits. The epigallocatechin gallate or EGCG content present in green tea is high, which helps in preventing multiple diseases. Besides this, black tea is also gaining significant traction across the globe on account of its high antioxidant content, which helps prevent cancer. Rise in awareness about the health benefits offered by green and black tea, among others, is estimated to positively change the out of home tea market outlook in the near future.

Key Drivers

• Rise in need for healthy and convenient products is expected to boost the global out of home tea market

• Increase in demand for energy boosting and nutritional benefits in consumer goods is likely to promote the growth of this market
  

Buy this Premium Research Report | Immediate Delivery Available - https://www.transparencymarketresearch.com/checkout.php?rep_id=40361&ltype=S

Regional Growth Dynamics

• Asia Pacific is estimated to dominate during the forecast period owing to the rise in demand for healthy and convenient products

• Availability of major tea cultivating land and high yielding rate of tea in major economies such as India, Japan, and China, is further anticipated to help this region continue dominating the market in the near future
  

Key Players

Prominent vendors of the global out of home tea market include Unilever, Teekanne GmbH & Co. KG, Tata Consumer Products Limited, Taetea Group, Starbucks Coffee Company, Ito En Ltd., Bettys and Taylors Group Ltd., Barry's Tea, Associated British Foods plc, and Apeejay Surrendra Group.

Out of Home Tea Market Segmentation

Type

• Black Tea
• Green Tea
• Herbal Tea
• Matcha Tea
• Oolong Tea
• Others

Ask for References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=40361

Packaging Type

End-use

• Quick Service Restaurants
• Restaurants
• Bars & Pubs
• Hotels
• Café/Coffee Shop Chains
• Workplaces
• Outdoors
• Others

Distribution Channel

• Online
  • Company-owned Websites
    
  • E-commerce Websites

• Offline
  • Hypermarkets/Supermarkets
    
  • Specialty Stores
  • Others
    

Region

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

Latest Consumer Goods Industry Reports : -

Hospital Disinfectant Products Market Growth Share from 2022 - 2031

Smart Crib Industry Growth from 2022 - 2031

Water Flosser Market Growth Report 2022 - 2031

Water Purifier Market Size & Share Report, 2022-2031

Mattress Market Size, Share | Industry Report, 2022-2031

About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: 1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com

Email: sales@transparencymarketresearch.com