The global hot drinks market size is expected to reach USD
397.3 billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 6.8% over the forecast period. Hot drinks help in
reducing the prevalence of various lifestyle related diseases such as blood
pressure, obesity, and stress. Increasing awareness related to the various
health benefits associated with consumption of hot drinks among the young
generation is expected to drive the market over the forecast period.
The vendors are launching
various ready to make drinks with various flavors and aromas to attract young
consumers. Increasing product availability and retail outlet is driving the
market for hot drinks over the forecast period. Furthermore, manufacturers are
adopting various food safety regulations such as GRAS, Kosher, HACCP, USDA
Organic, and GMP to ensure delivery of quality product and to attract larger
customer base.
Increasing prevalence of
various lifestyle related diseases in both developing and developed countries
has led to an increase in consumer interest in healthier products, thereby
providing growth opportunity for hot drinks over the forecast period. It has
been surveyed that hot green tea is known to be very healthy, which helps to
increase the metabolism and weight loss. Furthermore, herbal tea helps in
detoxification and relieving stress, which is expected to fuel demand for tea
over the forecast period.
Coffee dominated the
market in 2018 and is expected to maintain its lead over the forecast period.
Increasing penetration of organic coffee and coffee pod is a key factor fueling
the demand for coffee over the forecast period. Tea is expected to witness
significant growth over the forecast period. Increasing launch of flavored and
aroma tea is driving the interest of young consumer.
Asia Pacific is expected
to expand at a CAGR of 7.9% over the forecast period. Increasing number of
millennials, coupled with franchise outlet in the region, is a main factor
driving the regional hot drinks market over the forecast period. Moreover,
increasing installation of coffee wending machines at office premises will
provide growth opportunity for the hot drinks over the forecast period.
For full research report on Hot Drinks Market
visit here:
https://www.grandviewresearch.com/industry-analysis/hot-drinks-market
Further key findings from the report
suggest:
- By product, coffee dominated the global market with
a revenue share of 42.7% in 2018.Tea is anticipated to ascend at a CAGR of
7.6% over the forecast period
- Asia Pacific dominated the global hot drinks market
in 2018 and is expected to expand at the fastest CAGR of 7.9% over the
forecast period. This trend is projected to continue over the next few
years
- The industry is highly competitive with the leading
players including Costa Coffee; Starbucks; Celestial seasoning Inc.; Caffe
Nero; and Ajinomoto General Foods Inc.
- Various manufacturers are concentrating on new
product launches, capacity expansion, and technological innovation to
estimate existing and future demand patterns from upcoming product
segments.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/hot-drinks-market/request/rs1
Grand View Research has segmented the global hot drinks
market by product and region:
Hot Drinks Product Outlook (Revenue, USD
Billion, 2015 - 2025)
- Coffee
- Tea
- Others
Hot Drinks Regional Outlook (Revenue, USD
Billion, 2015 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
No comments:
Post a Comment