A recent report published by Infinium Global Research on hot drinks market provides in-depth analysis of segments and sub-segments in the global as well as regional hot drinks market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hot drinks market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global hot drinks market. According to the report, the global hot drinks market is projected to grow at a CAGR of 3.79% over the forecast period of 2019-2025.
The hot drinks generally include malted milk, coffee, hot chocolate, tea, and other beverages that are served hot. In some countries, a different type of herbal products along with hot water are considered as hot drinks. In addition, in some European countries, an alcoholic beverage is considered as hot drinks. For instance, Greyana rakiya is a type of winter alcoholic beverage which is used as hot drinks in the Eastern European countries. The hot drinks are used to warm up the body in the low-temperature climate. Moreover, several hot drinks like coffee, tea, malted milk, and other herbal hot drinks are consumed frequently to get refreshment. Hot beverages help in fighting against depression and enhance the physical performance of the consumers.
Growing demand for immediate and ready-to-drink coffee products are driving the demand for hot drink market. Increasing demand for hot drinks in developing nations along with new product launch has resulted in a growing demand for this market. The increasing popularity of on the go products, rising consumers interest for exotic flavors, and the stable development of hot drinks customization are again boosting the growth of the market. Further, several health benefits offered by hot beverages such as upsurges the energy levels and helps in appealing the mood is fueling the demand for the market. Addition to this green tea is also considered as hot beverages that help in burning body fats and improves the metabolic reaction of the body. This also upsurges the growth of the market. Convenience, taste, price, and ingredients also play a major role in determining the demand for hot drinks market. Expanding acceptance of tea pods and coffee pods is also to have a positive influence on market growth. On the contrary, several side effects such as digestive issues, rapid heart rate associated with over-consumption of caffeine are likely to restrain the growth of the hot drinks market. Moreover, innovation in flavors and the growing popularity of instant coffee mostly in the developing region is anticipated to offer beneficial growth opportunities over the forecast period.
In terms of geographies, Asia-Pacific is the main revenue contributor in the hot drinks market followed by Europe region. In the Asia-Pacific region due to the increasing income of individuals, adoption of western culture, changing lifestyle, awareness regarding the health benefits for consumption of hot beverages are some of the supporting factors for the growth of this market in the Asia-Pacific region. Further, in the Europe region innovation in flavors by manufacturers, growing demand for instant coffee, and increasing demand for on the go beverages are driving factors for Europe region.
The report on global hot drinks market covers segments such as product type and distribution channel. On the basis of product type, the sub-markets include coffee, tea, milk, and others. On the basis of the distribution channel, the sub-markets include convenience stores, online retail, and hypermarkets/supermarkets.
The report provides profiles of the companies in the market such as Jacobs Douwe Egberts B.V., Tata Global Beverages Ltd, Associated British Foods plc, Keurig Green Mountain Inc., Unilever PLC, Nestlé S.A., Cornish Tea & Cornish Coffee Ltd, Mother Parkers Tea & Coffee Inc., The J.M. Smucker Company, and Peet’s Coffee & Tea, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hot drinks market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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