Press release
Global Hot Drink Market to grow at a CAGR of 5.49% during the period 2017-2021
The main objective of this report is to define, describe, and forecast the global “Hot Drink” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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About Hot Drink
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. In the current scenario, each type of hot drink is flourishing in all markets. However, tea is still dominant in Asian countries, while coffee holds the major share in American and European countries.
Technavios analysts forecast the global hot drink market to grow at a CAGR of 5.49% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hot drink market for 2017-2021. To calculate the market size, the report considers the revenues generated from various geographical regions and the sales data of the various major vendors operating in the hot drink market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Hot Drink Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Associated British Foods (ABF)
JACOBS DOUWE EGBERTS (JDE)
Keurig Green Mountain (KGM)
Tata Global Beverages (TGB)
Unilever
Other prominent vendors
AJINOMOTO
Bigelow Tea
Industria Colombiana deCaf
LUIGI LAVAZZA
Mother Parkers Tea & Coffee (MPTC)
Nestl
Paulig Group
PEET'S COFFEE
Reily Foods Company (RFC)
Strauss
TEEKANNE
The Cornish Tea Company (TCTC)
The J.M. Smucker Company (JMSC)
The Republic of Tea (TRT)
Tres Coraes Alimentos (TCA)
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Market driver
Increasing popularity of coffee pods and tea pods
For a full, detailed list, view our report
Market challenge
Adverse environmental conditions
For a full, detailed list, view our report
Market trend
Growing influence of online retailing
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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