Global Out of Home Tea market is slated to accrue revenue worth more than 49.95 (USD Billion) by 2026 and record the CAGR of over 11% over the period from 2020 to 2026.
Out of Home Tea Market
The global Out of Home Tea market is slated to accrue revenue worth more than 49.95 (USD Billion) by 2026 and record the CAGR of over 11% over the period from 2020 to 2026. The report offers assessment and analysis of the Out of Home Tea market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Out of home tea is the tea that is consumed in quick service hotels, pubs, cafes, bars, restaurants, and myriad other outdoor locations. This tea is available in various flavors including matcha tea, black tea, oolong tea, green tea, and herbal tea. Among these out of home teas, black tea is one of the most consumed beverages globally as a result of its antioxidant feature assisting in minimization of body inflammation. Black tea has anti-hyperglycemic effect and its long-term intake helps in reducing the high blood pressure & stoke risk in human beings.
Reportedly, black tea arrests the growth of breast tumors due to the anti-proliferative activities of its polyphenol. Furthermore, out of home tea helps in avoiding debilitating human ailments encompassing remaining of metabolic as well as cardiovascular health of the human beings.
Furthermore, green tea is consumed on a large-scale in the countries like China and is made up of camellia sinensis and offers lucrative health benefits. It comprises of polyphenols including flavanols, flavonoids, phenolic acids, and flavandiols. These compounds contribute nearly 30% of the dry leaf weight. Green tea also strengthens the immunity of the body system and protects it against free radicals or oxidants. Apart from this, herbal tea is prepared from mixture of herbs, spices, and fruits in heated water. Matcha tea is manufactured after crushing the green leaves into powdered form, while oolong tea is produced through plant crushing under sun & oxidation before twisting & curling the plant.
Apparently, the important chemical ingredients that influence the taste and flavor in out of home tea brew include polyphenols, volatile flavor compounds, sugars, caffeine, organic acids, and amino acids. Phenolic compounds of out of home tea such as theaflavins and thearubigins have proved to be significant due to their high intrinsic qualities. They are responsible for the imparting flavor, color, and brightness to tea. In addition to this, out of home tea also helps in reducing the obesity in the individuals.
Market Growth Drivers
With antioxidating feature of black tea and use of green tea as medicine in countries like China and India for controlling bleeding, providing relief to patients with heart disorders, and healing wounds. This, in turn, will steer the market size over the forecast timeline. Apparently, green tea is also consumed as it offers myriad benefits such as helping in weight reduction, Alzheimer disease, and type 2 diabetes.
As per NIH researchers, green tea offer numerous health benefits such as cancer chemopreventive effects as well as chemotherapeutic benefits for the patient. Furthermore, green tea catechin help in inhibition of helicobacter pylori infection. The health-promoting activity of the green tea is credited to the high presence of EGCG in it.
Additionally, empirical studies have exhibited that consuming black tea regularly helps in reducing the probability of heart ailments. Reportedly, inclusion of black tea in the diet helped in reduction of low-density lipoprotein cholesterol in hypercholesterolemic humans. Besides these benefits, intake of black tea also plays a vital part in minimizing body weight while the polyphenols of black tea obstruct obesity through lipid & complex sugar absorption. Apparently, black tea polyphenols also enhance the process of lipolysis and thus plummet the lipid accumulation by reducing the multiplication of fats. This, in turn, will embellish the market growth over the years ahead.
Polyphenols in the out of home tea possess antioxidant, antiviral, and anti-inflammatory features. They control detoxification enzymes, strengthen immune functionalities, and reduce platelet accumulation. A plethora of studies suggest that polyphenolic compounds present in green & black tea are related to prevention of heart diseases, particularly atherosclerosis and coronary heart disease.
Studies have revealed that green tea offers numerous health advantages owing to the presence of high proportion of epigallocatechin gallate (EGCG) contents. Some experiments carried out on animals have demonstrated that green tea aids in avoiding degenerative ailments. Clinical trials on animals & humans have also displayed that green tea can help in reducing chronic ailments as well as avoiding neurological disorders and oxidative stress.
Apparently, green tea also benefits gastrointestinal system along with helping in preventing cancer of lungs, pancreas, stomach, colon, kidney, mammary glands, and small intestine. For the record, the beneficial impact of the green tea on typhoid and diarrhea has been known in the Asian continent long back. It has also been unleashed that the green tea consumption offers benefits to an individual suffering from influenza and herpes simplex virus in its initial phase.
Asia Pacific To Maintain Its Dominant Market Position Over 2020-2026
The regional market growth over the forecast time line is attributed for large-scale presence of tea manufacturers in the countries like India. Apart from this, India and China contribute a major share in the export of the tea as well as there is high tea consumption witnessed in these countries. These factors will steer the growth of the regional market over the years ahead.
Key players profiled in the report include The Coca-Cola Company, Associated British Foods, Tata Global Beverages Ltd., Unilever Group, PepsiCo, Inc., Celestial Seasonings, Inc., Starbucks Corporation, Costa Ltd., The Republic of Tea, Nestle S.A., Bettys and Taylors Group Limited, Tenfu Corporation, Peet’s Coffee & Tea, Kusmi Tea, and Dilmah Ceylon Tea Company Plc.
The global out of home tea market is segmented as follows:
By Packaging Type
Huge presence of polyphenol compounds having antioxidant, antiviral, and anti-inflammatory features will drive the market trends. Apart from this, these polyphenols also consist of health-benefitting epigallocatechin gallate (EGCG) which will further drive industry growth.
The CAGR of the industry is expected to be nearly 11% during the forecast timespan.
Asia Pacific region will contribute remarkably towards the global market share over the estimated timeline.
The key market participants include Associated British Foods, Tata Global Beverages Ltd., Celestial Seasonings, Inc., Costa Ltd., The Republic of Tea, Nestle S.A., Bettys and Taylors Group Limited, Tenfu Corporation, Peet’s Coffee & Tea, Kusmi Tea, Starbucks Corporation, Unilever Group, PepsiCo, Inc., The Coca-Cola Company, and Dilmah Ceylon Tea Company Plc.