Global Hot Beverages (Coffee and Tea) Industry

Global Hot Beverages (Coffee and Tea) Industry

  • July 2020 •
  • 343 pages •
  • Report ID: 87306 •
  • Format: PDF
Global Hot Beverages (Coffee and Tea) Market to Reach $135.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Hot Beverages (Coffee and Tea) estimated at US$116.2 Billion in the year 2020, is projected to reach a revised size of US$135.9 Billion by 2027, growing at aCAGR of 2.3% over the period 2020-2027. Coffee, one of the segments analyzed in the report, is projected to record 2.1% CAGR and reach US$94.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Tea segment is readjusted to a revised 2.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $31.4 Billion, While China is Forecast to Grow at 4.3% CAGR

The Hot Beverages (Coffee and Tea) market in the U.S. is estimated at US$31.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.7 Billion by the year 2027 trailing a CAGR of 4.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1% CAGR.We bring years of research experience to this 15th edition of our report. The 343-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Celestial Seasonings, Inc.
  • Costa Limited
  • Dilmah (Ceylon Tea Services PLC.)
  • Harney & Sons
  • JAB Holding Company
  • Jacobs Douwe Egberts
  • JDB (China) Beverages Ltd.
  • Luigi Lavazza S.p.A.
  • McCafé
  • Nestlé S.A.
  • R. Twining and Company Limited
  • Segafredo Zanetti SpA
  • Starbucks Corporation
  • Strauss Group Ltd.
  • Tata Global Beverages
  • Tchibo GmbH
  • Tim Hortons Inc.
  • UCC Ueshima Coffee Co., Ltd.
  • Unilever PLC