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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 market comprises revenue and average revenue per capita, volume and average volume per capita, price per kilogram , as well as sales channels. Per capita figures refer to a country’s or region’s whole population. At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. In the out-of-home market, the price always refers to the price per kilogram of the beverage consumed, regardless of other components in the finished beverage. Combined numbers encompass both the at-home market and the out-of-home market.
In general, the Hot Drinks market is expected to grow at an annualized rate of 4.64% in nominal terms between 2024 and 2029. The market's largest segment is the Tea segment with at-home revenues of US$135.6bn in 2024.
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 2029, it furthermore provides detailed insights into consumer behavior, key players and relevant market drivers.
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)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)