LONDON--(BUSINESS WIRE)--The foodservice tea market in US to register an incremental growth of USD 2.66 billion, witnessing a CAGR of almost 4% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the foodservice tea market in US in optimistic, probable, and pessimistic forecast scenarios.
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The foodservice tea market in US will witness a Neutral and At par impact during the forecast period owing to the extensive rise of COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.
Foodservice Tea Market in US 2020-2024: Vendor Analysis
The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.
Major Foodservice Tea Market Participants in US are
- Aroma Espresso Bar
- Davids Tea Inc.
- Dunkin Brands Group Inc.
- Gong cha
- McDonald Corp.
- Nairobi Java House Ltd.
- Peets Coffee Inc.
- Restaurant Brands International Inc.
- Starbucks Corp.
- The Coca Cola Co.
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Foodservice Tea Market in US 2020-2024: Segmentation
Foodservice Tea Market in US is segmented as below:
-
Type
- Iced tea
- Hot tea
-
Distribution Channel
- Full-service restaurants
- Limited-service restaurants
- Others
Full-service restaurants will account for the largest share due to the growth of the food delivery and takeaway market.
The foodservice tea market in US is driven by the rising demand for mobile foodservice and the growth of the food delivery and takeaway market, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in Consumer Staples industry.
For gaining more insights about the impact of the COVID-19 pandemic on related reports, check out Technavio’s Consumer Staples section
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Full-service restaurants - Market size and forecast 2019-2024
- Limited-service restaurants - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Market Segmentation by Type
- Market segments
- Comparison by Type
- Iced Tea - Market size and forecast 2019-2024
- Hot tea - Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
- Overview
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Overview
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aroma Espresso Bar
- Davids Tea Inc.
- Dunkin Brands Group Inc.
- Gong cha
- McDonald Corp.
- Nairobi Java House Ltd.
- Peets Coffee Inc.
- Restaurant Brands International Inc.
- Starbucks Corp.
- The Coca Cola Co.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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