Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) — The “Out of Home Tea Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” report has been added to ResearchAndMarkets.com’s offering.
The latest comprehensive research report illuminates the vibrant trajectory of the Global Out of Home Tea Market, a dynamic segment of the beverage industry expected to witness a Compound Annual Growth Rate (CAGR) of 9.1% through 2028. The report showcases the market’s resilience, driven by burgeoning consumer health consciousness and innovative product offerings.
Trends Influencing the Global Out of Home Tea Market
The robust valuation of the market at USD 18.6 billion in 2022 highlights the impact of multiple market drivers. The increasing demand for healthier beverage alternatives and the rise of specialty tea shops are significantly contributing to the industry’s growth.
As per the analysis, the health and wellness trend is paramount—with consumers opting for tea due to its antioxidant properties and various health benefits. Innovation remains at the forefront of the market’s expansion, with ready-to-drink tea products catering to a fast-paced world. Tea varieties ranging from classic black and green teas to more exotic infusions are capturing the diverse palates of an ever-discerning global consumer base.
Key market drivers such as changes in lifestyle and globalization have brought about heightened consumer expectations in tea convenience and cultural experiences. As such, ready-to-drink, on-the-go tea options are increasingly becoming a staple across various consumer demographics and regions.
Consumer Preferences And Regional Market Dynamics
Consumer preferences continue to steer market trends with the Online Sales Channel experiencing substantial growth. Digital transformation in consumer buying habits, vast online selections, and accessible information and reviews contribute notably to the segment’s rise.
The Asia-Pacific region showcases an exponential market segment growth, deeply rooted in rich tea traditions and cultural heritage. China’s long-standing tea culture, Japan’s matcha rituals, and India’s iconic black teas create an authentic, varied, and robust tea market footprint.
Specialized Market Segments and Competitive Landscape
Focused insights on product type reveal the green tea segment’s rapid growth due to increasing health awareness and favorable consumer perceptions. The report highlights significant demand in the online sales channel and details consumer choices across supermarkets/hypermarkets, specialty stores, and more.
The Global Out of Home Tea Market research assures a detailed competitive landscape analysis, emphasizing the major companies steering market innovations and dynamics.
Market Analysis And Opportunities
- Health consciousness and product innovation drive market growth.
- Online sales channel experiences a surge due to consumer convenience and engagement.
- The Asia-Pacific region’s deep-rooted tea culture significantly influences global tea trends.
- Sustainable and ethical practices become a competitive edge in market positioning.
|No. of Pages
|2022 – 2028
|Estimated Market Value (USD) in 2022
|Forecasted Market Value (USD) by 2028
|Compound Annual Growth Rate
In this report, the Global Out of Home Tea Market has been segmented into the following categories:
Out of Home Tea Market, By Product Type:
- Black Tea
- Green Tea
- Herbal Tea
Out of Home Tea Market, By End User:
- Bars & Pubs
Out of Home Tea Market, By Sales Channel:
- Specialty Stores
- Tata Global Beverages Ltd.
- Celestial Seasonings
- Ito En Ltd
- Barry’s Tea
- Associated British Foods
- Dilmah Ceylon Tea Company
- The Republic of Tea
- Bettys and Taylors Group Limited
For more information about this report visit https://www.researchandmarkets.com/r/rfwjqk
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- Global Out of Home Tea Market