Global Hot Drinks By Type (Coffee and Tea), End Users (Coffee Shops, Drink Stores and Food Services), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Department Stores, Dollar Stores, Variety Store, Cash and Carries and Warehouse Clubs, Food and Drinks Specialists, Drug Stores and Pharmacies and Health and Beauty Stores), – Industry Trends and Forecast to 2029
Market Analysis and Size
Beverage consumption is rapidly increasing. Due to the changing weather, the demand for hot beverages is seen to be seasonal in many countries. Many organic hot beverages have flooded the market over the last year, and sales are bound to skyrocket with the benefits of organic products. The three most influential factors that determine the demand for hot beverages in a specific area are taste, convenience, and price.
Data Bridge Market Research analyses that the hot drinks market which was valued at USD 180.81 billion in 2021 is expected to reach the value of USD 290.37 billion by 2029, at a CAGR of 6.1% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Coffee and Tea), End Users (Coffee Shops, Drink Stores and Food Services), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Department Stores, Dollar Stores, Variety Store, Cash and Carries and Warehouse Clubs, Food and Drinks Specialists, Drug Stores and Pharmacies and Health and Beauty Stores)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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The Coffee Bean & Tea Leaf (U.S), Unilever (U.K), Gourmesso (U.S), Harney & Sons Fine Teas (U.S), Dualit (U.K), Nestlé SA (Switzerland), Dilmah Ceylon Tea Company PLC (Sri Lanka), Ippodo Tea Co. Ltd. (China), Tranquini (U.S), Chillbev (U.S), Som Sleep.(U.S), Phi Drinks, Inc.(U.S), BevNet.com (U.S)
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Opportunities
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Market Definition
Hot drinks, as opposed to cold drinks, are beverages that are served hot. Tea, coffee, hot chocolate, apple cider, mulled wine, coffee, and other beverages are commonly included. There are numerous advantages to drinking hot beverages, such as relaxing brain muscles, eliminating unwanted laziness, increasing energy levels, providing relief to the chest during congestion, and keeping the body warm, among others.
Hot Drinks Market Dynamics
Drivers
- Rising consumption of tea and coffee among the population
Growing global demand and adoption of tea and coffee due to their natural content and medicinal properties is expected to drive the global hot drinks market growth over the forecast period. Furthermore, rising tea and coffee consumption in offices, cafes, and homes is expected to drive target market growth.
- Shift in the lifestyle as well as growing demand from the cosmetic industry
Some of the factors expected to fuel global market growth during the forecast period include an increasing working population, rising demand for ready-to-use products, and expanding retail markets. The increasing use of hot drink ingredients such as tea and coffee extracts as a natural ingredient in the cosmetics industry is expected to drive growth in the global hot drinks market.
On a global scale, efficient packaging machines will be another driving factor. It aids in the preservation of the quality and flavour of hot beverages. Furthermore, easy-to-use packaging materials have reduced production costs and energy consumption. As a result, manufacturers are increasing their spending on flexible packaging research and development.
Opportunity
It has been observed in recent years that consumers are becoming more aware of the manufacturing of the products they purchase and the origins of their purchases. Many countries have banned single-use plastics, which has stifled market growth. As a result, manufacturers will benefit from increased concern about waste disposal and sustainable practises. Long-term growth will be seen in the development of recyclable packaging materials.
Restraints
However, fluctuating raw material prices would slow the rate of growth in the hot drinks market. Hot beverages are popular during the winter months. This will also have a negative impact on summer sales in many countries. Excessive consumption of hot beverages is harmful. Someone who becomes addicted may experience constant anxiety. As a result, growth will be constrained.
This hot drinks market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hot drinks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hot Drinks Market
The hot drink industry requires a variety of raw materials, which are obtained from suppliers all over the world. There is a huge gap between the demand and supply of raw materials as a result of the imposition of national lockdowns. Furthermore, strict social distancing norms force manufacturers and production units to operate on a limited capacity. In addition, demand for hot beverages fluctuates dramatically. People are stockpiling products as a result of a series of lockdowns, which has increased demand for coffee in developed regions. Furthermore, as a result of high unemployment and rising prices in some emerging economies, demand for non-essential items has fallen significantly.
Recent Development
- J.M. Smucker Co. and JDE Peet's announced a strategic partnership in March 2021, allowing JDE Peet's to support the Smucker Away From Home liquid coffee business with product development, production, and food service equipment innovation.
- To promote equity and differentiation, FNC launched a line of coffees produced by women in December 2021.
- Starbucks, in collaboration with PepsiCo Inc., launched ready-to-drink Starbucks Nitro Cold Brew cans in February 2020. The Nitrogen-infused drinks are available in three flavours: black, vanilla sweet cream, and dark caramel.
Global Hot Drinks Market Scope
The hot drinks market is segmented on the basis of type, end users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Coffee
- Tea
- Others
- Hot chocolate
- Apple cider
End user
- Coffee Shops
- Drink Stores
- Food Services
Distribution channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Department Stores
- Dollar Stores
- Variety Store
- Cash and Carries and Warehouse Clubs
- Food and Drinks Specialists
- Drug Stores and Pharmacies
- Health and Beauty Stores
Hot Drinks Market Regional Analysis/Insights
The Hot Drinks market is analysed and market size insights and trends are provided by country, type, end users and distribution channel as referenced above.
The countries covered in the hot drinks market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Asia-Pacific hot drinks market is expected to account for a significant revenue share of the target market. Growing production and sales of hot drinks in the region's countries China, Japan, and India, owing to the products' anti-aging and detoxifying properties, as well as rising tea consumption among people of all ages and genders is expected to drive market growth in Asia Pacific. Another factor expected to drive target market growth is an increase in the number of tea retail outlets. The North America market is expected to grow at a faster rate due to increased demand and consumption of green tea, as well as higher per capita tea consumption in the region, which is expected to be a major factor driving North America hot drinks market growth.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hot Drinks Market Share Analysis
The hot drinks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hot drinks market.
Some of the major players operating in the hot drinks market are:
- The Coffee Bean & Tea Leaf (U.S)
- Unilever (U.K)
- Gourmesso (U.S)
- Harney & Sons Fine Teas (U.S)
- Dualit (U.K)
- Nestlé SA (Switzerland)
- Dilmah Ceylon Tea Company PLC (Sri Lanka)
- Ippodo Tea Co. Ltd. (China)
- Tranquini (U.S)
- Chillbev (U.S)
- Som Sleep (U.S)
- Phi Drinks, Inc.(U.S)
- BevNet.com (U.S)
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