Hot Drinks Market Scope
A hot drink is a liquid intended for human consumption. In addition to their simple function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include coffee, tea, hot chocolate, and others. In cold climate regions, the popularity of hot drinks is significantly more as compared to cold drinks. To stay hydrated, the cold climate region people usually prefer hot beverages (drinks), and thereby the popularity has surged across the cold climate regions. Herbal tea and organic coffee are also gaining significant popularity as a health benefits drink or beverage in the world.
According to AMA, the Global Hot Drinks market is expected to see growth rate of 5.5%
Research Analyst at AMA estimates that United States and Canada Vendors will contribute to the maximum growth of Global Hot Drinks market throughout the predicted period.
Associated British Foods (ABF) (United Kingdom), JACOBS DOUWE EGBERTS (JDE) (Netherlands), Keurig Incorporated (United States), Tata Global Beverages (India), Unilever Jerónimo Martins, Lda. (Portugal), AJINOMOTO (Singapore), Bigelow Tea (United States), Industria Colombiana deCafé (Colombia), LUIGI LAVAZZA (Italy), Mother Parkers Tea & Coffee (Canada), Nestlé Suisse S.A. (Switzerland) and Paulig Oy (Finland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are PEET'S COFFEE (United States), Reily Foods Company (United States), Cott Corporation (Canada), The J.M. Smucker Company (United States) and The Republic of Tea (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Hot Drinks market by Type (Coffee-based, Tea-based, Chocolate-based and Others), by Application (Quick Service Restaurants, Hotels, Cafe/Tea Shop Chains, Work Places Vending Machine, Supermarkets, Retail Shops and Others) and Region with country level break-up.
On the basis of geography, the market of Hot Drinks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 10 Oct 2018, Luigi Lavazza SpA acquired the coffee business of Mars Inc., including the Flavia and Klix systems, to increase its sales in the U.S. Lavazza is expanding its operations in office vending machines and coffee makers with the acquisition. and On July 11, 2018, Keurig Dr. Pepper has announced the merger between Keurig Green Mountain and Dr. Pepper Snapple Group. The deal creates the seventh-largest company in the U.S. food and beverage sector and third-largest beverage company in North America, with annual revenues of approximately 11 USD Billion . Grouping of these two great companies creates the portfolio, scale, and selling and distribution capabilities to compete differently in the beverage industry. With a large stable of iconic brands and the leading single-serve coffee brewing system on the market.
On 26 Sept. 2018, Jacobs Douwe Egberts and of cay has announced a joint venture of their Turkish businesses. This partnership will open up new growth opportunities in the Turkish hot beverages space, create synergies for both companies through the combination of both JDE’s International expertise & dimension in coffee with Ofcay’s local expertise in tea.
Food & Beverage Laws pertain to the laws of safety and distribution for the food and beverage industry. While this area of the law obviously has heavy concentration on food safety and distribution, it is also subject to laws such as the Nutrition Labeling and Education Act of 1990 (NLEA) and the Food Safety Modernization Act of 2010 (FSMA). Similarly, a wide array of regulatory agencies monitor the compliance of businesses in the food and beverage industry. These include the Food and Drug Administration (FDA) Federal Trade Commission (FTC), the United States Department of Agriculture (USDA), and a myriad of state agencies. There are also a wide array of state and local laws that have an impact on the industry.
- Growing Influence of Online Retailing
- Increasing Popularity of Organic Coffee
- Increased demand from millennials in developing economies
- Numerous health benefits associated with the consumption of tea
- The growing awareness of the benefits of consuming organic beverages
- The rising popularity of coffee pods and tea pods
- Rising Disposable Income in Developing Countries
- Decreasing Demand for Carbonated Drinks
Key Target Audience
Hot Drinks Manufacturers, Hot Drinks Raw Material Suppliers, Hot Drinks Suppliers/Distributors, Regulatory & Government Bodies and Downstream Vendors