Category: Beverages
Beverages market research reports by Euromonitor International
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Energy Drinks in Singapore
Energy Drinks in Singapore The market for energy drinks in Singapore is expected to see modest volume growth in 2024, continuing the trend observed in the previous year. Notably, on-trade volumes are growing faster than off-trade, partly due to the full resumption of nightlife, high-profile events l ... Read More
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Bottled Water in Singapore
Bottled Water in Singapore The bottled water market in Singapore is expected to experience a fairly flat performance in total volume terms in 2024 despite the country’s hot and humid climate, which typically drives demand for hydration. Bottled water is facing increasing competition from other bever ... Read More
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RTD Tea in Singapore
RTD Tea in Singapore The RTD tea market in Singapore is experiencing a shift towards reduced-sugar options, driven by increased health awareness among consumers. Brands are responding by launching new products and reformulating existing formulations to meet these preferences. Gryphon Tea Company, fo ... Read More
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Concentrates in Singapore
Concentrates in Singapore Off-trade volume sales of liquid concentrates in Singapore are projected to continue declining in 2024 as health and wellness concerns take centre stage in consumer decision-making. Unlike fresh juices and smoothies, which are widely regarded as healthier due to their highe ... Read More
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Asian Speciality Drinks in Singapore
Asian Speciality Drinks in Singapore Despite their cultural significance, Asian speciality drinks are projected to experience a decline in total volume sales in Singapore in 2024. These beverages have limited popularity among younger consumers, many of whom primarily consume these beverages when ... Read More
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Coffee in Indonesia
Coffee in Indonesia Coffee continues to drive retail unit price growth in Indonesia’s hot drinks market, particularly fresh coffee beans, which is expected to see double-digit growth in current value terms in 2024. This follows the trend from 2023, with standard fresh ground coffee also experiencing ... Read More
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Other Hot Drinks in Indonesia
Other Hot Drinks in Indonesia The market for other hot drinks in Indonesia is expected to contract in retail volume terms in 2024, continuing the trend from the previous year. Malt-based hot drinks, which are predominantly chocolate-flavoured, are set to experience a steep decline, given that these ... Read More
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Tea in South Africa
Tea in South Africa Demand for loose black tea in South Africa continues to decline in 2024, as increasing numbers of consumers shift to other formats or categories based on convenience. Traditionally, loose black tea was popular in the country, in part due to older demographics, who enjoyed the pro ... Read More
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Carbonates in Singapore
Carbonates in Singapore The carbonates market in Singapore is experiencing a notable shift as consumers increasingly prioritise health and wellness. This trend is contributing to a decline in demand for regular carbonated beverages, with reduced-sugar alternatives gaining traction. However, despite ... Read More
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Hot Drinks in South Africa
Hot Drinks in South Africa While overall demand for hot drinks in South Africa continues to rise, value sales growth is more dynamic. This is because while overall inflation levels in the country have declined in 2024 compared to previous years, they remain elevated within the food and drinks space, ... Read More
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Hot Drinks in Indonesia
Hot Drinks in Indonesia The hot drinks market is expected to see flat growth in total volume terms in 2024, driven by soaring unit prices that have outpaced those of 2023. This trend is primarily fuelled by rising costs of coffee, cocoa, and sugar, exacerbated by adverse weather conditions linked to ... Read More
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Soft Drinks in Singapore
Soft Drinks in Singapore The hot drinks market in Singapore is set to record positive volume growth though both the on-trade and off-trade channels in 2024, albeit at a slower pace than the previous three years. This is largely due to a combination of regulatory changes and reduced consumer spending ... Read More
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Juice in Singapore
Juice in Singapore Juice consumption in Singapore has been showing steady decline in off-trade volume terms, and this trend is expected to continue over the forecast period. The primary factor behind this decline is increasing concerns over the high sugar content in juices, which has led consumers t ... Read More
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Sports Drinks in Singapore
Sports Drinks in Singapore The overall market for sports drinks in Singapore is set to record another year of positive volume growth in 2024, fuelled by the full-scale hosting of various sporting events and the revival of community running clubs across the island. Leading sports drinks brand 100 Plu ... Read More
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RTD Coffee in Singapore
RTD Coffee in Singapore The RTD coffee market in Singapore is expected to see modest volume growth in 2024, despite challenges from fluctuating raw material costs, particularly due to the volatility of the global coffee bean market. The prices of coffee beans, especially arabica and robusta, have be ... Read More
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Tea in Indonesia
Tea in Indonesia Tea is a staple beverage in Indonesia, with black tea, sweetened with sugar, being a popular choice among consumers. However, in 2024, the market for black tea, especially the loose variety, is expected to grow more modestly compared to 2023 due to significant price hikes. A sharp i ... Read More
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Coffee in South Africa
Coffee in South Africa In South Africa, average unit price growth of coffee continues to outpace inflation, often at twice or triple the rate of the average CPI for the country in 2024. Several factors are driving up these price rises. On the supply side, globally, raw arabica and robusta coffee bea ... Read More
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Coffee in Estonia
Coffee in Estonia The year 2024 has proven challenging for Estonia, with the country's ongoing economic slowdown exerting pressure on various fast-moving consumer goods (FMCG) categories. Despite this, coffee has maintained its status as a resilient segment, emerging as one of the few stable product ... Read More
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Tea in Estonia
Tea in Estonia Tea sales in Estonia have continued their downward trajectory in 2024, reflecting the country’s strong cultural preference for coffee. This trend has been particularly pronounced over the review period, as tea consumption remains largely confined to an ageing demographic. With older g ... Read More
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Other Hot Drinks in Estonia
Other Hot Drinks in Estonia Sales of other hot drinks in Estonia have continued to experience a decline in volume terms during 2024, reflecting their status as non-essential products in a financially constrained environment. The ongoing economic uncertainty in Estonia has reduced consumer confidence ... Read More
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Other Hot Drinks in Georgia
Other Hot Drinks in Georgia Other hot drinks in Georgia have recorded stable volume sales growth in 2024, primarily driven by on-trade sales. Off-trade sales have been slowed by a declining immigrant population, rising prices, and a decreasing number of children due to a continuous decline in the bi ... Read More
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Tea in Georgia
Tea in Georgia In 2024, local tea producers in Georgia have consolidated their efforts to prioritise the production of organic tea. This initiative follows discussions that began in 2023 and has been facilitated by the German company Naturland, which oversees organic certification processes. The Ass ... Read More
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Coffee in Georgia
Coffee in Georgia The decreasing influx of immigrants from Russia, Ukraine, and Belarus has resulted in a deceleration of coffee consumption growth in Georgia. Additionally, the sharp rise in the cost of raw materials has driven significant price increases for coffee in 2024, heightening consumer pr ... Read More
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Hot Drinks in Estonia
Hot Drinks in Estonia The year 2024 has proven to be a challenging one for Estonia’s economy, marked by an economic slowdown and rising taxes, particularly VAT, which have heightened uncertainty in consumer behaviour. This economic backdrop has prompted consumers to prioritise essential goods, focus ... Read More
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Hot Drinks in Georgia
Hot Drinks in Georgia The departure of many immigrants who arrived in Georgia during 2022, particularly toward the end of 2023, has continued to impact the consumption of hot drinks in 2024. This reduction in immigrant numbers has contributed to a deceleration in the growth of hot drink sales, despi ... Read More
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