This report provides exclusive insights into the COVID-19 impact on the Hot Drinks Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Hot Drinks Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Hot Drinks Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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
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.