Global Hot Drinks Market, 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), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Rising awareness about the health benefits of consuming hot organic beverages is resulting in the rise in demand for hot drinks all across the globe. Data Bridge Market Research analyses that the global hot drinks market will project a CAGR of 5.6% for the forecast period of 2021-2028.
The demand for beverages is rapidly on the rise. In many countries, the demand for hot beverages is seen to be seasonal due to the changing weather. Coffee and tea are the most common hot beverages. There are many benefits of consuming these hot beverages such as brain muscles are relaxed, unwanted laziness is killed, stimulate the energy level, provide relief to the chest during congestion, and keep the body warm, and so on. Over the year, many organic hot beverages have pounced up into the market and with the benefits derived from organic products, the sales are bound to convert into great numbers. Taste, convenience, and price are the three most influential factors that determine the demand for hot beverages in a particular area.
Rapid globalization and urbanization especially in developing countries is a major market growth driver. In this fast pacing world, consumers are shifting to de-stress and detox drinks which in turn is creating more growth opportunities for the hot drinks market. The products now available can be prepared and be ready for consumption in no time. For example- just some hot water is to be added to the product and it is ready for consumption. This has caught the eyeballs of many companies wherein the employees can help themselves with the hot drinks to improve their performance.
However, fluctuating prices of the raw materials would slowdown the hot drinks market growth rate. Hot drinks are seasonally demanded. This will also result in throwing down the sales during summers in many countries. Excess consumption of hot drinks is bad. One who gets addicted may result in feeling anxiety all the time. This in turn will act as a growth restraint.
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 localised 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 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.
Global Hot Drinks Market Scope and Market Size
The hot drinks market is segmented on the basis of type, end users and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the hot drinks market is segmented into coffee and tea.
- On the basis of end users, the hot drinks market is segmented into coffee shops, drink stores and food services.
- The hot drinks market can also be segmented on the basis of distribution channel into 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.
Hot Drinks Market Country Level Analysis
The hot drinks market is analyses and market size, volume information is 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, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA)
Europe is the largest consumer of hot beverages as it exports in high numbers to the Americans. Asia-Pacific on the other hand will witness the highest CAGR during the forecast period. This is because of the rising population, rising income levels, rising awareness about the benefits of hot beverages and rising westernization of the countries across this region.
The country section of the hot drinks market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 bottled hot drinks market.
The major players covered in the hot drinks market report are Associated British Foods plc, JDEdwards, Nestlé, Strauss Group Ltd.., Tata Consumer Products, Unilever, Ajinomoto AGF, Inc., Apeejay Surrendra Group, BARRY'S TEA, Bettys & Taylors of Harrogate Ltd, Eight O’Clock Coffee Company., Fukujuen CO.,LTD., GlaxoSmithKline plc., ITO EN, LTD., The J.M. Smucker Company., Keurig Green Mountain, Inc., Mondelēz International., Tenfu's TEA, Hain Celestial and Vittoria Food & Beverage among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Hot Drinks Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.