TECHGuru

  Increasing Popularity of Tea among the Millennial Population Favors the Expansion of Out of Home Tea Market A traditional drink in Asian countries, tea is gaining popularity as one of the most popular casual drinks in the world. Tea and related products are consumed in massive volumes on a daily basis in various countries around the world. Increasing popularity of tea in the millennial population as well as rising number of cafes and restaurants offering a wide range of tea flavors is anticipated to fuel the demand in the global out of home tea market in coming years. Furthermore, rapid rise in the number of quick service restaurants or QSRs, which specialize in quick delivery of food and beverage products, including tea, is also expected to favor the expansion of the global out of home (OOH) tea market in coming years. Players and manufacturers in the global out of home (OOH) tea market are engaged in various growth and development activities to amass a leading share in the ind...