Scope of the Study
The global hot beverages market is withness to expected high growth due to increasing demand for drinks including green tea, lemon tea, and detox coffee and tea is growing owing to increasing awareness related to the health benefits of this product is driving the market for hot drinks over the forecast period. Consumers have started opting for hot beverages over carbonated drinks owing to rising awareness regarding the potential side effects of carbonated drinks. The global market is projected to witness significant growth due to rising awareness among the young population regarding the health benefits of consuming hot drinks such as coffee and tea in reducing harmful diseases such as diabetes, blood pressure, and obesity.
The market study is being classified by Type (Coffee, Tea, Hot Chocolate, Hot Milk and Other), by Application (Household Application and Commercial Application) and major geographies with country level break-up. According to AMA, the Global Hot Beverages market is expected to see growth rate of 6.8%
Kraft Foods (United States), Nestle (Switzerland), Tazo Tea Company (United States), Tata Global Beverages (India), Keurig Green Mountain (KGM) (United States), Costa Coffee (United Kingdom), Starbucks (United States), Celestial seasoning Inc. (United States), Caffe Nero (United Kingdom), Ajinomoto General Foods Inc. (United States) and Associated British Foods (ABF) (United Kingdom) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Hot Beverages market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Hot Beverages market by Type, Application and Region.
On the basis of geography, the market of Hot Beverages 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). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Awareness Related to the Health
- Rising Demand for Quality Products
- Introduction of Hot Beverages with Various Health Benefits
- Growing Installation of Coffee Vending Machine in The Corporate World
- Growing Concern Related to the Access amount of Tea
- High Demand for Green Tea across the World
- Rise of Coffee Culture among The Burgeoning Middle-Class Population
Market Leaders and their expansionary development strategies
On 5th March 2019, Starbucks launches new spring products. New to Starbucks retail stores this spring, Starbucks Cloud Macchiato is the latest innovation from the team that introduced the original Caramel Macchiato. and On 30th April 2019, Starbucks is introducing its new summer menu in U.S. and Canada stores featuring three returning fan-favorite Frappuccino® blended beverages, a new refreshing, Instagram-worthy drink, tasty new lunch items, and a delicious treat.
On 8th March 2018, Kraft Heinz has announced it has launched an incubation program to aid the development of innovative food and beverage start-ups called Springboard.
Key Target AudienceHot Beverages Providers, Hot Beverages Machine Providers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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