PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462785
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462785
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, Nescafe 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
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- 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
- Table 1 Global Hot Beverages (Coffee & Tea) Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
- Table 3 Global Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
- Table 4 Global Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
- Table 5 Global Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 6 Global Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
- Table 7 Global Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
- Table 8 Global Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 9 Global Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 10 Global Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
- Table 11 Global Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
- Table 12 Global Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
- Table 13 Global Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
- Table 14 Global Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 15 North America Hot Beverages (Coffee & Tea) Market Outlook, By Country (2021-2030) ($MN)
- Table 16 North America Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
- Table 17 North America Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
- Table 18 North America Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
- Table 19 North America Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 20 North America Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
- Table 21 North America Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
- Table 22 North America Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 23 North America Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 24 North America Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
- Table 25 North America Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
- Table 26 North America Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
- Table 27 North America Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
- Table 28 North America Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 29 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Country (2021-2030) ($MN)
- Table 30 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
- Table 31 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
- Table 32 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
- Table 33 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 34 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
- Table 35 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
- Table 36 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 37 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 38 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
- Table 39 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
- Table 40 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
- Table 41 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
- Table 42 Europe Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 43 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Country (2021-2030) ($MN)
- Table 44 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
- Table 45 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
- Table 46 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
- Table 47 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 48 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
- Table 49 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
- Table 50 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 51 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 52 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
- Table 53 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
- Table 54 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
- Table 55 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
- Table 56 Asia Pacific Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 57 South America Hot Beverages (Coffee & Tea) Market Outlook, By Country (2021-2030) ($MN)
- Table 58 South America Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
- Table 59 South America Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
- Table 60 South America Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
- Table 61 South America Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 62 South America Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
- Table 63 South America Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
- Table 64 South America Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 65 South America Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 66 South America Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
- Table 67 South America Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
- Table 68 South America Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
- Table 69 South America Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
- Table 70 South America Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 71 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Country (2021-2030) ($MN)
- Table 72 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Product Type (2021-2030) ($MN)
- Table 73 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Tea (2021-2030) ($MN)
- Table 74 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Coffee (2021-2030) ($MN)
- Table 75 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 76 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
- Table 77 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Convenience Stores (2021-2030) ($MN)
- Table 78 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Specialty Stores (2021-2030) ($MN)
- Table 79 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Online Retail (2021-2030) ($MN)
- Table 80 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Application (2021-2030) ($MN)
- Table 81 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Coffee Shops (2021-2030) ($MN)
- Table 82 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Drinks Stores (2021-2030) ($MN)
- Table 83 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Food Service (2021-2030) ($MN)
- Table 84 Middle East & Africa Hot Beverages (Coffee & Tea) Market Outlook, By Other Applications (2021-2030) ($MN)
