Market Definition / Research Scope
Hot Beverages Market Growth and Trends
The ever growing interest in natural health products by people all over the world has positively impacted the hot beverage market. Increased focus on health and wellness has made people prefer beverages with detox and de-stress benefits such as green tea which helps in burning of body fats hence leading to improved metabolic reaction of the body. Hot beverages such as coffee and tea are known to improve certain aspects of brain function which include; improved memory and mood, rise in energy levels and also helps in improving general cognitive functions. Growing consumers interests in exotic flavors has led to the steady evolution of hot drinks customization and emergence of crossover and tea options which have helped fuel the hot beverage market growth. Rapid urbanization and growing consumers interest in on the go products has boosted the hot beverage market. Launch of new beverage variants to cater for the changing customer taste and preferences is increasing the hot beverage market. However, the increased inclination of consumers and rising demand for iced tea and other chilled beverages might restrict market growth. Too much consumption of coffee or tea can lead to isonomy which leads to formation of carcinogens.
Hot Beverages Market size was estimated at $xx Million in 2022 and is expected to reach $xx Million by 2031, growing at a CAGR of 11.8% during the forecast period of 2022 to 2031.
Hot Beverages Market Regional Analysis
Increasing disposable income coupled with shifting tastes and varying lifestyles among the global population are some of the factors projected to drive the market growth in the global hot beverages market. Asia-Pacific is currently the largest market for hot beverages owing to the increased population. Europe as well the Middle East and Africa segments are expected to expand their share in the next 6 years. This growth will see the market reach a $103.7 billion mark by 2026. Key vendors fuelling this growth include Hainan Haikou Lisheng Coffee & Foods Co Ltd, Jacob Douwe Egberts, Harney and Sons, JDB (China) Beverages Ltd, J.M. Smucker Company, Dilmah, Dunkin Donuts and Celestial Seasonings Inc.
Hot Beverages Market Share and Competition
Key companies operating in this industry are: Kraft Foods, Nestle, Parry Agro Industries, Starbucks Coffee, Strauss Group, Tata Global Beverages, Tata Tetley, Maxingvest, Unilever, Hindustan Unilever, Van Houtte, Dilmah, JDB (China) Beverages and Tazo Tea.
Hot Beverages Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Household Application
• Commercial Application
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Hot Beverages Market Companies
• Kraft Foods
• Parry Agro Industries
• Starbucks Coffee
• Strauss Group
• Tata Global Beverages
• Tata Tetley
• Hindustan Unilever
• Van Houtte
• JDB (China) Beverages
• Tazo Tea
United States Hot Beverages Market Research Report
Europe Hot Beverages Market Research Report
Asia Pacific Hot Beverages Market Research Report
India Hot Beverages Market Research Report
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