Global Hot Drinks Market Size and Opportunities, 2023 Update

Global Hot Drinks Market Size and Opportunities, 2023 Update

Summary

The global hot drinks sector was valued at $104.6 billion in 2022 and is forecast to record a CAGR of 7% during 2022–27, to reach $146.7 billion in 2027. A surge in home consumption, increasing purchasing power, and a shift towards healthier products are predicted to fuel the sector until 2027. Eastern Europe was the largest market in the global hot drinks sector in 2022, with a value share of 32.1%, followed by Asia-Pacific with 28.4%. In 2022, hot coffee accounted for a value share of 52.6% and was the largest category in terms of value sales. The Americas is forecast to be the fastest-growing region for the hot drinks sector, with a value CAGR of 12.8% during 2022–27, followed by the Middle East and Africa with 10.2%. Among the categories, other hot drinks is set to be the fastest-growing with a value CAGR of 19.3%.

This report brings together multiple data sources to provide a comprehensive overview of the global hot drinks sector, analyzing data from 107 countries. It includes an analysis of the following -

Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.
Change in consumption: Provides an overview of changes in the consumption of hot drinks over 2017–27, at global and regional levels.
High-potential countries: Provides risk-reward analysis of the top two high-potential countries in each region based on market assessment, economic development, governance indicators,socio-demographic factors, and technological infrastructure.

Scope

Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.

Reasons to Buy

Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the hot drinks sector.

The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.

The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.

To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.