Industry Background:
The global hot beverages market is withness to expected high growth due to increasing demand for drinks including green tea, lemon tea, and detox coffee and tea is growing owing to increasing awareness related to the health benefits of this product is driving the market for hot drinks over the forecast period. Consumers have started opting for hot beverages over carbonated drinks owing to rising awareness regarding the potential side effects of carbonated drinks. The global market is projected to witness significant growth due to rising awareness among the young population regarding the health benefits of consuming hot drinks such as coffee and tea in reducing harmful diseases such as diabetes, blood pressure, and obesity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Kraft Foods (United States), Nestle (Switzerland), Tazo Tea Company (United States), Tata Global Beverages (India), Keurig Green Mountain (KGM) (United States), Costa Coffee (United Kingdom), Starbucks (United States), Celestial seasoning Inc. (United States), Caffe Nero (United Kingdom), Ajinomoto General Foods Inc. (United States) and Associated British Foods (ABF) (United Kingdom) |
According to AMA, the market for Hot Beverages is expected to register a CAGR of 14.5% during the forecast period to 2030. This growth is primarily driven by Increasing Awareness Related to the Health and Rising Demand for Quality Products.
Globally, a noticeable market trend is evident Introduction of Hot Beverages with Various Health Benefits
The Beverages sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Kraft Foods (United States), Nestle (Switzerland), Tazo Tea Company (United States), Tata Global Beverages (India), Keurig Green Mountain (KGM) (United States), Costa Coffee (United Kingdom), Starbucks (United States), Celestial seasoning Inc. (United States), Caffe Nero (United Kingdom), Ajinomoto General Foods Inc. (United States) and Associated British Foods (ABF) (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Key Developments in the Market:
On February 1st, 2024, Peet's Coffee & Tea announced plans to acquire Mighty Leaf Tea. This merger will combine Peet's strong coffee roasting expertise with Mighty Leaf's specialty tea selection.
On March 7th, 2024, Lipton announced the release of their new plant-based milk tea line featuring oat milk and almond milk options. This caters to the growing demand for non-dairy alternatives in the hot beverage market.
Influencing Trend:
Introduction of Hot Beverages with Various Health Benefits and Growing Installation of Coffee Vending Machine in The Corporate World
Market Growth Drivers:
Increasing Awareness Related to the Health and Rising Demand for Quality Products
Challenges:
Growing Concern Related to the Access amount of Tea
Opportunities:
High Demand for Green Tea across the World and Rise of Coffee Culture among The Burgeoning Middle-Class Population
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Hot Beverages Market
- Analysis about New Entrants in Hot Beverages Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Hot Beverages Study Sheds Light on
The Hot Beverages Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hot Beverages industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hot Beverages industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.