According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
OFFTAKE
Etymology
Verb
offtake (third-person singular simple present offtakes, present participle offtaking, simple past offtook, past participle offtaken)
(obsolete) To take off; take away.
Noun
offtake (countable and uncountable, plural offtakes)
A point or channel of drainage or off-flow; offlet.
(mining) The removal of oil (or an industrial chemical) from a storage facility.
An act of taking off; specifically, the taking away or purchase of goods.
Something taken off; a deduction.
Anagrams
• take off, take-off, takeoff
Source: Wiktionary
Off"take`, n. [Off + take.]
1. Act of taking off; specif., the taking off or purchase of goods.
2. Something taken off; a deduction.
3. A channel for taking away air or water; also, the point of beginning of such a channel; a take-off.
Source: Webster’s Unabridged Dictionary 1913 Edition
Recent Word Finds
Word of the Day
25 December 2024
UNAMBIGUOUS
(adjective) having or exhibiting a single clearly defined meaning; “As a horror, apartheid...is absolutely unambiguous”- Mario Vargas Llosa
Coffee Trivia
