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A new brand for Starbucks in Asia, its Teavana handcrafted beverages and full leaf tea sachets are now available in more than 6,200 stores across its 16 markets in the China and Asia Pacific region. But China's tea industry, which stands nearly ten times bigger than the country's coffee market at about 63.2 billion yuan ($9.5 billion), could pay off big-time for Starbucks, according to Bloomberg.
Now, Bloomberg have reported that Starbucks is planning to energise its performance in the China, which is its fastest growing market, with some new tea-based drinks. "There is a strong tea identity in Asia and it also chimes well with the particularly Asian view of healthcare as being centered around prevention, rather than cure". Starbucks' new tea products may also align with Chinese consumer's growing demand for products aimed at promoting healthy lifestyles.
The company added that in 2015, Starbucks tea business in the US grew by 12 percent with all tea categories posting strong growth, led by iced tea at 29 percent. "Because of this, tea-based products are likely to see strong growth".
Matthew Crabbe, director of research at Mintel Asia Pacific, likened the target market to that of bubble or "boba" tea, "which grew very rapidly out of Taiwan, hit China, and expanded enormously".
While tea is the most consumed beverage after water in Asia, skepticism has grown over Starbucks' capacity to penetrate a region where tea-drinking is entrenched and part of local culture.
For Asia, its offerings include black tea with ruby grapefruit and honey and green tea with aloe and prickly pear, relatively more complex recipes compared to U.S bestsellers like mango black tea and peach green tea.
Ask anyone where tea comes from, and they'll probably say China.
Starbucks is opening about 500 stores a year in China, amounting to about 3,400 locations in the country by 2019.
Customers in the region, "especially younger consumers in urban areas, are really keen to try new flavors, more premium products, more sophisticated products", said Midotto, adding that Southeast Asia in particular shows promise with "a very, very young population ... a lot of whom don't drink alcohol".
It also said that two Ankara-backed Syrian fighters were killed and two others wounded in clashes with ISIL in the same region. However, suspicions about Ankara's lingering support for Islamic State (IS) have been raised over this development.
To add to that, it will not be possible to re-engage the Autopilot feature unless the driver stops and puts the vehicle in park. Tesla's Autopilot feature relies on ultrasonic sensors, radar sensors, and cameras to control the steering of the vehicles.
It will be on Brooks Ellis and Dre Greenlaw to be field generals and have the defense running like a well oiled machine. TCU will stack the box when the running game starts picking up and Sprinkle will find himself open on plenty of snaps.
Again on cue, one Daily Beast reporter culled through the clippings file to find whatever muck could be thrown at Trump's signees. That's the lesson that bubbled up from a recent discussion with swing voters in Wisconsin conducted by pollster Peter D.
The pub group and brewer in Westgate, Bury St Edmunds, says the referendum result in June has hit consumer confidence. Philip Yea, chairman of Greene King , said: 'I am delighted that Gordon has agreed to join our board.
General Assembly vote, set for October 26, will be the 25th time Cuba has marshaled worldwide support against the embargo. Image taken on April 14, 2016 shows tourists visiting Old Havana, in Havana city, capital of Cuba.
The Supreme Court gave no reason for its decision for turning down Michigan's request that it be allowed to enforce the ban. On Tuesday, state Senate Majority Leader Arlan Meekhof, R-West Olive, House Speaker Kevin Cotter, R-Mt.
The bilateral summit followed a series of provocations, including the launch of three mid-range ballistic missiles Monday. The Security Council, meanwhile, scheduled a closed emergency meeting this morning on the latest launches.
Syria is part of the area where the U.S.is targeting Islamic State fighters including through the use of drone strikes. Turnbull said he discussed the South China Sea with Xi, and the importance of complying with global law.
With so many notable names near the top, the Deutsche Bank Championship's Labor Day finish should certainly be fun to watch. Brian Harman had a 68 and was two shots behind, followed by PGA champion Jimmy Walker, Kevin Chappell and Smylie Kaufman.
It's a lot of post-match stuff, stuff I'm not really excited about, but at the end of the day I think it's good for me". This US Open win is also Yaroslava Shvedova's first ever against Shuai Peng in their five career meetings.
Protesters opposing oil pipeline march in Indianapolis
District Judge James Boasberg denied the tribe's request for injunction Friday, Sept. 9, in the tribe's lawsuit against the U.S. He says the probe should also find out whether the private security personnel at the site are properly registered and licensed.
3-wheeled electric vehicle set to go on sale next year
The battery pack has two years limited warranty and the manufacturer offers five-year support in case any service is to be done. Fully-refundable deposits for the SOLO can be placed online at electrameccanica.com for delivery in 2017.
Wawrinka beats Del Potro to reach US Open semis
I tried to go back a little bit to make him play more balls, keep him on the backhand side and tried to dictate". Wawrinka, as the third seed, was not even considered a favorite Wednesday because of del Potro's past pedigree.
US warns Russia against interfering with Western politics
He mentioned Russian aggression in Ukraine and Georgia; its "unprofessional behavior" in the air, space and cyberspace; and its nuclear saber-rattling. "Let me be clear, the United States does not seek a Cold, let alone a Hot war, with Russia", Carter said.
Rory McIlroy wins Deutsche Bank Championship for second time
Franco birdied the par-5 18th to finish at 18-under 192. "So 69 holes later I played some great golf and holed some great putts". Winds knocked a light fixture in the media tent off the ceiling during Monday's round, narrowly missing a couple of reporters.
Kylie Jenner dyes hair platinum
She commissioned a new color that sticks quite well to the recent change in her sister Kim Kardashian . Kylie , who has over 73 million followers on Instagram called it the "pain" that she had to go through.
New Turkish tank incursion into Syria
The operation, called Euphrates Shield, is Ankara's first full-scale Syrian incursion since the start of the five-year-old war. The goal is to remove ISIS from its border and to halt the westward advance of the Kurdish People's Protection Militia (YPG).
N'Golo Kante Talks Jose Mourinho Snub, Chelsea
Chelsea now sit between the two Manchester clubs on the Premier League table in second, with goal difference separating the trio. Kante told The Sun: "It was fantastic to have Mourinho call me, even though I'd been warned before how he would appeal to me".
England beat Pakistan in 4th ODI, lead series 4-0
The visitors have had no answers to a supreme all-round display from England , who have shattered batting records in the series. England's strength is that they can rely on everyone. "Jonny Bairstow stood out like a sore thumb replacing Jos Buttler".