Out of Home Tea is Gaining Significant Traction with Living Water Tea House Opening a new Restaurant in Chicago

Out of Home Tea


Home-grown tea drinkers have been patronizing the beverage for centuries. Today, the global marketplace for ginseng, Camellia Sinensis, catechins, and other herbal extracts continue to expand as consumers become more health-conscious. However, the aging population and the "baby boomer" generation are now also demanding more products with more health benefits associated with daily consumption. The aging process affects the liver, heart, kidneys, digestive system, and more, so more consumers are looking for healthier alternatives than traditional products. As aging individuals look to re-hydrate and reverse the aging process, the out of home tea market will continue to grow.

As more people spend money on fast food and snacks, the desire to create a cup of home-made tea has become more pronounced. The increasing popularity of gourmet teas and convenience teas is likely to drive increased sales of gourmet and convenience teas in the coming years. OTC Tea companies are responding to customer demand by introducing new blends that combine several of the health benefits associated with tea with the convenience of quick-service restaurants.

 The aging and baby boomer demographics are creating an increase in the number of consumers who spend money on a daily basis on tea. This trend will continue to grow as the global out of home tea market continues to expand. As a result of this, the opportunity exists for the global market to expand into new segments of the market. The fastest-growing segment is likely to be the healthy segment. As a result, the opportunity for companies to earn significant profits will continue as more people are able to afford a daily cup of tea. Out of home tea has witnessed massive adoption globally, including Italy, Singapore, and the U.S. Recently, in September 2020, Living Water Tea House opens its restaurant in Little Italy in Chicago, U.S.  

 

Location: India

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