Hot Drinks Industry Continues to See Healthy Growth, Reports Euromonitor in Its Topical Study Available at MarketPublishers.com
08 Jun 2017 • by Natalie Aster
LONDON – The hot drinks industry observed another year of healthy growth during 2016, boosted by added-value coffee and volume growth across emerging geographies. Whilst the growth of the single-cup coffee pod category slows down, the performance of high-value instant coffees and premium blends is good. Hot tea keeps on gaining traction as a branded retail merchandise, whilst flavoured powder beverages are faced with demographic obstacles over a long-term horizon.
The overall worldwide hot drinks industry is increasingly reliant on rising retail value in developing countries in the next 5 years. The Middle East and Africa and Latin America regions present the key growth opportunities alongside India and China.
Growing geriatric population in various markets in tandem with the surging impact of young, urban consumers will likely influence hot drinks tastes in the years to come.
With respect to retail channels for hot drinks, e-commerce has seen the fastest growth during the past 5 years. Novel coffee and tea focused online retailers, including subscription models, are expected to be a major growth area till 2021.
Topical market research report “Hot Drinks Global Industry Overview” elaborated by Euromonitor presents a comprehensive, unbiased analysis of the overall hot drinks marketplace.
It gives an insightful review of the market performance at a global level as well as region-wise, and provides market segmentation by category and channel. The research study casts light on the growth sectors and highlights the factors boosting the growth of the sector. The report canvasses the competitive scene and presents a detailed discussion of the leading companies and key brands; provides a strategic analysis of various factors shaping the industry development, speculates on the future trends and opportunities in the marketplace. The study offers 5-year industry forecasts to see how the market is poised to evolve in the offing.
More topical market research publications by our partner can be found at the Euromonitor page.