Out of Home Tea Market: Top Scenario, SWOT Analysis, Business Overview & Forecast 2018 - 2026
According to a new market report published by Transparency Market Research titled “Out of Home Tea Market [Type (Black Tea, Green Tea, Herbal Tea, MatchaTea, Oolong Tea, and Others); Packaging Type (Loose Tea, Tea Bags, Bottled Tea, Canned Tea); End-use (Quick Service Restaurants, Restaurants, Bars & Pubs, Hotels, Café/Coffee Shop Chains, Work Places, Outdoor, and Others)] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026,” the global out of home tea market is expected to reach a value of US$ 42.23 Bn by 2026. The market is estimated to expand at a CAGR of 10.4% during the forecast period from 2018 to 2026. Consumption of out of home tea is significantly increasing across various end-use segments such as restaurants, bars & pubs, quick service restaurants, hotels, cafes, and workplaces. Increasing preference for tea mixed with fragrances, flavors, and herbal ingredients is one of the primary drivers for the growth...