Hot beverages like tea and coffee are consumed all around the globe for centuries now. Hot beverages have always been on their peak in the global market due to it being readily available and easily consumable. The introduction of ready to drink hot beverages have further favored its market expansion globally. The café culture inculcated by some of the leading cafes like Coffee Café Day and Starbucks among others have also been a contributing factor for the global growth and expansion of the hot beverages market.
MARKET DYNAMICS
The hot beverages market is assumed to grow in the forecast owing to the rising interest of consumers in exotic coffee flavors coupled with the consumers' preference for hot beverages with the benefits of de-stress and detoxification. However, the increasing inclination of consumers and rising demand for iced tea and other chilled beverages might restrict the growth of the hot beverages market. On the other hand, the introduction and advances in the ready-to-drink hot beverages like tea and coffee are likely to showcase growth opportunities for the hot beverages market during the forecast period.
MARKET SCOPE
The "Global Hot Beverages Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of hot beverages market with detailed market segmentation by type, application, distribution and geography. The global hot beverages market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hot beverages market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hot beverages market is segmented on the basis of type, application and distribution. Based on type, the market is segmented as tea, coffee and others. On the basis of application, the market is segmented as household, commercial, and others. On the basis of distribution, the market is segmented as direct marketing and indirect marketing.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hot beverages market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The hot beverages market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting hot beverages market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the hot beverages market in these regions.
MARKET PLAYERS
The reports cover key developments in the hot beverages market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from hot beverages market are anticipated to lucrative growth opportunities in the future with the rising demand for hot beverages in the global market. Below mentioned is the list of few companies engaged in the hot beverages market.
The report also includes the profiles of key hot beverages companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Ajinomoto General Foods Inc.
- Costa Coffee
- Hindustan Unilever
- Jacobs Douwe Egberts
- Kraft Foods
- Nestle
- Parry Agro Industries
- Starbucks Coffee
- Strauss Group
- Tata Global Beverages
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.