Hot Beverages Coffee And Tea Market
Hot Beverages (Coffee & Tea) Market Forecasts to 2030 - Global Analysis By Product Type (Tea and Coffee), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores and Online Retail), Application and By Geography
According to Stratistics MRC, the Global Hot Beverages (Coffee & Tea) Market is accounted for $761.82 billion in 2023 and is expected to reach $1357.27 billion by 2030 growing at a CAGR of 8.6% during the forecast period. Coffee is one of the most consumed beverages globally, known for its stimulating effects due to its caffeine content. It is typically brewed from roasted coffee beans with various methods such as drip brewing, espresso, French press, and more. Tea is derived from the leaves of the Camellia sinensis plant and is processed into various types, such as green tea, black tea, oolong tea, white tea, and herbal infusions.
Market Dynamics:
Driver:
Health and wellness trends
Health and wellness trend has led to a growing demand for options perceived as healthier, such as herbal teas, green teas, and specialty coffees with antioxidant properties. Health-conscious consumers are prioritizing natural ingredients, functional benefits, and reduced sugar content in their beverage choices. As a result, manufacturers and retailers are responding with product innovations, marketing strategies emphasizing health benefits, and a focus on transparency in sourcing and production methods.
Restraint:
Price fluctuations
Factors such as weather conditions, geopolitical events, and currency fluctuations can lead to unpredictable changes in production costs and retail prices. This volatility may impact consumer purchasing power and consumption patterns, potentially leading to reduced profitability for producers and affordability challenges for consumers.
Opportunity:
Innovation in product offerings
Innovation in product offerings is a golden opportunity for the hot beverage market. This allows companies to develop exciting new flavours, incorporate health-boosting ingredients for wellness-focused consumers, and explore convenient formats like cold brew or nitro coffee that utilize sustainable packaging. By catering to evolving preferences and capitalizing on trends like adaptogens in tea and probiotics, companies can keep the market fresh and attract a wider audience.
Threat:
Competition from alternative beverages
Plant-based milk alternatives like almond, oat, and soy milk cater to dietary restrictions and lactose intolerance while also being positioned as healthier options. Functional waters infused with electrolytes, vitamins, and minerals offer a convenient way to stay hydrated with added health perks. Moreover, kombucha, a fermented tea drink, boasts gut health benefits and a unique taste profile, attracting a new wave of consumers. These alternatives are limiting market growth.
Covid-19 Impact
The COVID-19 pandemic has had a mixed impact on the hot beverages market. Initially, lockdowns and social distancing measures led to the closure of cafes and restaurants, reducing out-of-home consumption. However, the increased focus on home brewing and consumption has boosted sales of coffee and tea for at-home consumption. Online sales channels have seen significant growth as consumers shifted towards e-commerce for purchasing hot beverages.
The coffee segment is expected to be the largest during the forecast period
The coffee segment is estimated to hold the largest share. It offers diverse varieties, brewing methods, and flavour profiles to cater to consumer preferences worldwide. From traditional espresso-based drinks to specialty blends and single-origin coffees, the coffee segment encompasses a wide range of products that appeal to various demographics and consumption occasions. With a growing coffee culture and increasing demand for premium and specialty options, coffee plays a central role in shaping consumer trends and driving innovation.
The supermarkets and hypermarkets segment is expected to have the highest CAGR during the forecast period
The supermarkets and hypermarkets segment is anticipated to have lucrative growth during the forecast period. These retail outlets offer a wide assortment of hot beverage products, catering to diverse consumer preferences and budgets. Additionally, these retail channels often feature promotional activities, tastings, and product demonstrations, driving awareness and sales. Overall, supermarkets and hypermarkets play a vital role in facilitating the availability and consumption of hot beverages among consumers worldwide.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to tea-loving giants like China and Japan, and a burgeoning coffee culture fuelled by international chains and rising disposable incomes. This region is expected to see continued growth due to factors like increasing urbanization, a growing middle class, and a growing preference for premium and convenient hot beverage options.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period due to a strong preference for high-end brews and convenient formats. The ever-growing popularity of specialty coffee chains like Starbucks and Dunkin' Donuts, coupled with a rising health consciousness and consumer interest in on-the-go options like instant coffee and pre-made latte mixes, fuels market expansion.
Key players in the market
Some of the key players in the Hot Beverages (Coffee & Tea) Market include Unilever, Ajinomoto General Foods Inc., Keurig Green Mountain (KGM), The Coca-Cola Company, Starbucks Corporation, Caffe Nero, Kraft Foods, Celestial seasoning Inc., Costa Coffee, Nestle, Tata Global Beverages, Harney & Sons, Jacobs Douwe Egberts, Luigi Lavazza S.p.A., R. Twining and Company Limited, Tata Global Beverages, Tim Hortons Inc. and JDB Beverages Ltd.
Key Developments:
In April 2023, Nescafé is launching Ice Roast, the brand's first ever soluble coffee designed especially for consumption with cold water or milk, over ice. With Ice Roast, they created a light-medium roast that's ideal to drink cold, with a smooth texture and cocoa notes that unlocks new sensory territory
In February 2020, Starbucks, in collaboration with PepsiCo Inc., launched ready-to-drink Starbucks Nitro Cold Brew cans. The Nitrogen-infused drinks are available in three flavours: black, vanilla sweet cream, and dark caramel.
Product Types Covered:
• Tea
• Coffee
Distribution Channels Covered:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Retail
Applications Covered:
• Coffee Shops
• Drinks Stores
• Food Service
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hot Beverages (Coffee & Tea) Market, By Product Type
5.1 Introduction
5.2 Tea
5.3 Coffee
6 Global Hot Beverages (Coffee & Tea) Market, By Distribution Channel
6.1 Introduction
6.2 Supermarkets and Hypermarkets
6.3 Convenience Stores
6.4 Specialty Stores
6.5 Online Retail
7 Global Hot Beverages (Coffee & Tea) Market, By Application
7.1 Introduction
7.2 Coffee Shops
7.3 Drinks Stores
7.4 Food Service
7.5 Other Applications
8 Global Hot Beverages (Coffee & Tea) Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Unilever
10.2 Ajinomoto General Foods Inc.
10.3 Keurig Green Mountain (KGM)
10.4 The Coca-Cola Company
10.5 Starbucks Corporation
10.6 Caffe Nero
10.7 Kraft Foods
10.8 Celestial seasoning Inc.
10.9 Costa Coffee
10.10 Nestle
10.11 Tata Global Beverages
10.12 Harney & Sons
10.13 Jacobs Douwe Egberts
10.14 Luigi Lavazza S.p.A.
10.15 R. Twining and Company Limited
10.16 Tata Global Beverages
10.17 Tim Hortons Inc.
10.18 JDB Beverages Ltd.
List of Tables
1 Global Hot Beverages (Coffee & Tea) Market Outlook, By Region (2021-2030) ($MN)
2 Global Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
4 Global Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
5 Global Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
6 Global Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
7 Global Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
8 Global Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
9 Global Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
10 Global Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
11 Global Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
12 Global Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
13 Global Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
14 Global Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
15 North America Hot Beverages (Coffee & Tea) Market Outlook, By Country (2021-2030) ($MN)
16 North America Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
17 North America Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
18 North America Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
19 North America Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
20 North America Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
21 North America Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
22 North America Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
23 North America Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
24 North America Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
25 North America Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
26 North America Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
27 North America Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
28 North America Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
29 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Country (2021-2030) ($MN)
30 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
31 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
32 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
33 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
34 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
35 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
36 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
37 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
38 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
39 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
40 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
41 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
42 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
43 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Country (2021-2030) ($MN)
44 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
45 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
46 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
47 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
48 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
49 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
50 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
51 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
52 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
53 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
54 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
55 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
56 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
57 South America Hot Beverages (Coffee & Tea) Market Outlook, By Country (2021-2030) ($MN)
58 South America Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
59 South America Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
60 South America Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
61 South America Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
62 South America Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
63 South America Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
64 South America Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
65 South America Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
66 South America Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
67 South America Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
68 South America Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
69 South America Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
70 South America Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
71 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Country (2021-2030) ($MN)
72 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
73 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
74 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
75 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
76 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
77 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
78 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
79 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
80 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
81 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
82 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
83 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
84 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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