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.
Technavio’s 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.
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 deCafé • LUIGI LAVAZZA • Mother Parkers Tea & Coffee (MPTC) • Nestlé • 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 Corações Alimentos (TCA)
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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