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Market Insights Report
The market for Hot Drinks is a growing market, as rising employment levels have driven up caffeination demand across the board. At the same time, increasing discretionary spending power has fueled the appetite for indulgence among consumers as well as a desire for novel experiences, which in turn has driven premiumization and sophistication. This report is from a series of reports from Consumer Market Insights.
What's included?
The Hot Drinks market includes powders, leaves and mixes for the preparation of beverages that are usually, but not exclusively, consumed hot. The market is further differentiated into the segments Coffee (itself broken down into Roast and Instant Coffee), Tea and Cocoa. The data only covers at-home sales (e.g., sales via supermarkets, hypermarkets, convenience stores). All sales are valued at consumer prices inclusive of all sales taxes.
In general, the Hot Drinks market is expected to grow at an annualized rate of 5.35% in nominal terms between 2023 and 2028. The market's largest segment is the Tea segment with revenues of US$121bn in 2023.
This report gives an overview of the Hot Drinks market from an international perspective. Besides relevant market figures like total and per capita revenue & volume forecasts for the years 2018 to 2028, it furthermore provides detailed insights into consumer behavior, key players and relevant market drivers. This report is from a series of reports from Consumer Market Insights.
Market Outlook
Hot Drinks sales figures
Market drivers
Consumer Insights
Key players
Coffee sales figures
Tea sales figures
Cocoa sales figures
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Mon - Fri, 9am - 6pm (EST)