Hot Drink Market, Global Outlook and Forecast 2023-2032

The global Hot Drink market was valued at US$ 206370 million in 2022 and is projected to reach US$ 294390 million by 2029, at a CAGR of 5.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Hot drinks, since time immemorial, have been consumed regularly in various parts of the world. Tea was the most popular hot drink in the earlier part of the 19th century. But with the advent of coffee, many American and European nations adopted it as their primary refreshment.

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This report aims to provide a comprehensive presentation of the global market for Hot Drink, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hot Drink. This report contains market size and forecasts of Hot Drink in global, including the following market information:

Global Hot Drink Market Revenue, 2018-2023, 2024-2032, ($ millions)

Global Hot Drink Market Sales, 2018-2023, 2024-2032, (K MT)

Global top five Hot Drink companies in 2022 (%)

The rising popularity of coffee pods and tea pods as one of the major factors that will have a positive impact on this market?s growth. Coffee capsule and coffee pod machines are widely made available at cafes and coffee shops by numerous vendors. These shops offer hot coffee as their main offering with cold coffee and light snacks. Moreover, coffee pods are one of the main growth drivers of the US coffee market, as the consumer interest in convenience coffee products have increased. In addition, Europe has witnessed a high demand for coffee pods during the last five years. Also, in the UK, the increased need for instant and ready-to-drink coffee products is boosting the market growth. The global instant coffee market is likely to register good growth rate during the forecast period. In the case of tea, quick drink formats like tea capsules are gaining wide popularity specifically in regions like North America and Europe.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Hot Drink manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Hot Drink Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Hot Drink Market Segment Percentages, by Type, 2022 (%)

• Coffee

• Tea

• Others

Global Hot Drink Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Hot Drink Market Segment Percentages, by Application, 2022 (%)

• Online Retail

• Offline Retail

Global Hot Drink Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Hot Drink Market Segment Percentages, By Region and Country, 2022 (%)

• North America

• US

• Canada

• Mexico

• Europe

• Germany

• France

• U.K.

• Italy

• Russia

• Nordic Countries

• Benelux

• Rest of Europe

• Asia

• China

• Japan

• South Korea

• Southeast Asia

• India

• Rest of Asia

• South America

• Brazil

• Argentina

• Rest of South America

• Middle East & Africa

• Turkey

• Israel

• Saudi Arabia

• UAE

• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Hot Drink revenues in global market, 2018-2023 (Estimated), ($ millions)

• Key companies Hot Drink revenues share in global market, 2022 (%)

• Key companies Hot Drink sales in global market, 2018-2023 (Estimated), (K MT)

• Key companies Hot Drink sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Associated British Foods (ABF)

• JACOBS DOUWE EGBERTS (JDE)

• Keurig Green Mountain (KGM)

• Tata Global Beverages (TGB)

• Unilever

Outline of Major Chapters:

Chapter 1: Introduces the definition of Hot Drink, market overview.

Chapter 2: Global Hot Drink market size in revenue and volume.

Chapter 3: Detailed analysis of Hot Drink manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Hot Drink in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Hot Drink capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

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