Category: Beverages
Asia Beverages
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Concentrates in Azerbaijan
... to gain significant traction among local consumers. Several factors contribute to this decline, including limited consumer awareness, a stronger preference for ready-to-consume options like carbonates and juices, and a general perception that concentrate... Euromonitor International's ... Read More
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Hot Drinks in China
... expected to grow modestly, with foodservice volume growth set to marginally outpace retail. The hot drinks industry is increasingly shaped by innovations in foodservice, such as bubble tea and fruit tea shops, which engage consumers ... Read More
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Hot Drinks in Azerbaijan
... cultural tradition of tea consumption. Coffee consumption is growing, particularly among younger generations who are increasingly integrating coffee into their daily routines, showing a marked preference for instant coffee and speciality blends. Meanwhile, tea remains ... Read More
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Coffee in the Philippines
... continues to dominate the category, driven by the convenience of instant coffee mixes, which are especially popular among consumers with busy lifestyles, such as those rushing to work or school. However, amid ongoing inflationary pressures, ... Read More
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Tea in Azerbaijan
... uphold this tradition. Azerbaijan's expanding population, particularly in the older demographic, is contributing positively to tea consumption, reinforcing the category's stability and growth. Additionally, the increase in tourism is enhancing tea sales in the foodservice ... Read More
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Coffee in Azerbaijan
... instant coffee offers, solidifying its position as a staple in Azerbaijani households. Additionally, the historical legacy of limited coffee availability during the Soviet era, when instant coffee was the most accessible option, contributes to its ... Read More
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Other Hot Drinks in Azerbaijan
... growth as economic pressures continue to influence consumer spending habits. While inflation has moderated since 2022, helping to slightly reduce price increases, the high unit cost of these drinks relative to other beverages still impacts ... Read More
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Other Hot Drinks in China
... categories, other plant-based hot drinks, and malt-based hot drinks are expected to maintain their growth trends. However, chocolate-based flavoured powder drinks is projected to decline in retail value terms, as consumers increasingly associate these products ... Read More
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Tea in China
... sales of domestic loose leaf tea have been disappointing, with the market entering a phase of strong competition. Most tea companies are under pressure, and black, green, and instant tea are expected to see retail ... Read More
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Tea in the Philippines
... employed by key players. For example, Gilamar Enterprises Inc. highlighted the benefits of tea as a way to unwind through its sponsorship of the Patrons of the Arts: Spring Beginnings event in January 2024. Similarly, ... Read More
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Coffee in China
... is a notable trend of consumers pursuing a more professional and personalised coffee experience at home using a coffee machine. They wish to make and enjoy coffee at home, avoiding the need to go out ... Read More
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Hot Drinks in the Philippines
... previous year. While industry players have adopted various strategies to stabilise prices and stimulate consumer demand, shoppers remain cautious with their spending as they navigate persistent economic uncertainties. Euromonitor International's Hot Drinks in Philippines report ... Read More
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Other Hot Drinks in the Philippines
... attributable to sustained competition from other breakfast staples. However, as Filipinos continue to prioritise convenience due to their increasingly hectic lifestyles, there is a growing demand for easy-to-consume, nutritious beverages. This trend has placed plant-based ... Read More
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Coffee in Vietnam
... raw coffee, particularly Robusta, has surged significantly due to several factors. These include production losses attributed to the El Nino phenomenon, wars, and the security crisis in the Red Sea, all of which have led ... Read More
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RTD Coffee in Vietnam
... channel is set to see stronger volume growth in 2024. Growth is primarily being driven by a significant rise in the number of tourists in Vietnam, both inbound and domestic. According to the Ministry of ... Read More
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Other Hot Drinks in Hong Kong, China
... While health benefits are often highlighted, they may not be sufficient to satisfy health-conscious consumers. In response to this trend, there is increasing demand for other hot drinks with reduced sugar aimed at addressing these ... Read More
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Concentrates in South Korea
... concentrates is expected to see a slightly better performance than liquid concentrates, and account for higher sales. Nevertheless, off-trade RTD volume sales of concentrates are expected to remain far higher than the pre-pandemic level, as ... Read More
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Bottled Water in Vietnam
... country, and the rise in domestic tourism in this year. In 2024, the Ministry of Tourism announced that Vietnam welcomed significantly more international visitors in the first nine months of 2024 than it had in ... Read More
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Asian Speciality Drinks in Vietnam
... shown a more cautious approach to their spending, prioritising essential items over those that are non-essential. They regularly look out for discount events for Asian speciality drinks, hoping for reductions of 20% or even 50%, ... Read More
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Hot Drinks in Vietnam
... crisis in the Red Sea, resulting in increased shipping and related costs. Many financial speculators are now investing in coffee, following oil and gold, which is also driving up prices. Players are therefore struggling to ... Read More
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Carbonates in Vietnam
... local tourists visiting the country. According to a Ministry of Tourism report from September 2024, Vietnam received more than 12.5 million international visitors in the first nine months of 2024, marking a 43% increase compared ... Read More
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Sports Drinks in South Korea
... in the country, and sports drinks is no exception. Traditionally, sports drinks have been formulated to provide hydration, electrolytes, and sufficient sugars to energise the body during physical activity. However, growing concerns about excessive sugar ... Read More
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Bottled Water in South Korea
... the country. As the number of small households (one- and two-person households) continues to rise, many of these homes do not have a water purifier installed, leading to an increased reliance on bottled water delivery ... Read More
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Juice in Vietnam
... increasing number of consumers are tending to decrease their sugar consumption, and opt for juice, which is considered a healthy alternative, both at home and in restaurants or offices. Numerous television shows and advertisements through ... Read More
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Hot Drinks in South Korea
... by evolving consumer preferences, economic pressures, and the increasing demand for health-conscious products. While coffee maintains its stronghold, tea and other hot drinks are experiencing notable developments, particularly in the areas of health-focused beverages and ... Read More
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