Global Out of Home Tea Market to be Worth US$39,329.8 Million by 2025; Innovative Products Luring New Customers - Transparency Market Research

ALBANY, New York, March 5, 2018 /PRNewswire/ --

A freshly compiled business intelligence study by Transparency Market Research notifies of intense competition in the global out of home (OOH) tea market. This tussle for shares is not only a reflection of the presence of a large pool of well-established players but also of the mushrooming of local vendors, which can be attributed to low entry barriers in the OOH tea market. For a foreseeable future, the lead analyst of the report expects the competitive landscape of the global out of home tea market to remain fierce. However, as the popularity of tea continues to penetrate deeper into urban populations in several emerging economies, there would be vast new opportunities for all players to make profits from. The report identifies and profiles a number of leading companies in the global out of home tea market, including Nestle S.A., Starbucks Corporation, Coca Cola Company, Star Manufacturing, Costa Ltd, Tata Global Beverages Ltd, Tenfu Corporation, Dilmah Ceylon Tea Company PLC, Bettys and Taylors Group Limited, Kusmi Tea, Peet's Coffee & Tea., The Republic of Tea, Celestial Seasonings, Inc., Associated British Foods, and Unilever Group.

Global OOH Tea Market to be worth US$39,329.8 mn by 2025 

If the projections of the TMR report are to be believed, the demand in the global OOH tea market will multiply at a formidable CAGR of 10.4% during the forecast period of 2017 to 2025. In terms of revenue, the demand for out of home tea is estimated to produce opportunities that will be worth US$39,329.8 by the end of 2025, considerably more than the evaluated valuation of the market of US$17,835.9 mn in 2017. To gain greater shares and stay ahead of the curve, the players of this market are expected to rely on product innovation as well as geographical expansion. On the other hand, regional players will continue to eat out significant chunk of shares via their ability to cater to localized demands at a rapid rate and low-cost products.

Request to view PDF Brochure at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40361  

This TMR report segments the out of home tea market on the basis of product type into black tea, green tea, herbal tea, matcha tea, and oolong team, on the basis of packaging type into loose tea, tea bags, bottled, and canned tea, and on the basis of end-use into quick service restaurants (QSRs), bars and pubs, restaurants, café or coffee shop chains, workplaces, and outdoor. Geographically, the analysts of the report have highlighted Asia Pacific as the most lucrative region by a long margin, although coffee dominated regions of North America and Europe are also projected for substantial growth rates during the forecast period.