Authored By: Sarah
31 Dec 2024

Latest News- Hot Drink Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Hot Drink Market is being driven by Rising demand for premium and artisanal hot drink varieties

The Hot Drink Market is expected to grow at a CAGR of 5.34% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 62.62 billion. The global hot drink market is undergoing significant transformation due to advancements in brewing technologies. Notably, the rise of single serve brewing systems and specialized brewing equipment is revolutionizing the industry. These innovations, including pod-based coffee and tea machines, enable consumers to effortlessly produce individual servings of hot beverages with minimal input. Through the utilization of pre-measured pods or capsules containing coffee grounds, tea leaves, or other drink components, single serve systems offer a streamlined and efficient brewing solution. This trend caters to consumers desiring hassle-free preparation and reduced waste. 

Get more information on Hot Drink Market by requesting a sample report

 

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on Distribution Channel (Offline, Online) Type (Coffee, Tea, Cocoa) Geography (APAC, North America, Europe, South America, Middle East and Africa). 

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Rising demand for premium and artisanal hot drink varieties
  • Growing demand for hot drinks with functional ingredients
  • Increasing demand for convenient, single-serve hot drink options and portable packaging formats

Benefits of Buying Global Hot Drink Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Key Features in Hot Drink Market Research Report

  • Comprehensive Market Analysis
  • In-Depth Competitive Landscape
  • Future Market Trends
  • Detailed Market Segmentation.
  • Expert Analysis, and more...

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The hot drink market encompasses various beverage options, including teas for specific health concerns such as high blood pressure, detox, cholesterol, and diabetes. Herbal teas offer numerous benefits, while tea brewing methods ensure freshly prepared drinks. Decaffeinated teas cater to caffeine sensitivity, and teas for energy, relaxation, sleep, breastfeeding, digestion, pregnancy, seniors, immunity, hydration, and athletes provide solutions for various needs. Specialty hot teas and coffee alternatives like decaffeinated tea and ready-to-drink beverages are popular choices. Coffee drinkers can consider tea for mood stabilization, pregnancy, and senior citizens, and sustainable tea and coffee production is a growing trend. Teas and teas for children, coffee and technology, coffee and innovation, coffee and exercise, coffee brewing methods, and caffeine intake are other market segments. Coffee and culture, coffee bean varieties, and coffee for diabetes are also significant areas of interest. However, coffee and pregnancy, anxiety, sleep, addiction, and sensitivity to coffee should be considered with caution. Chain store cafes and coffee production methods are essential aspects of the coffee industry.

Market Research Overview

The Hot Drink Market is a significant segment of the global Soft Drinks and Non-Alcoholic Beverages industry, which encompasses Carbonated Beverages, Juices and Juice Concentrates, Bottled Water, Functional Beverages, Sports Drinks, and other beverage categories, according to Technavio's market research. This sector generates substantial revenue for manufacturers, excluding earnings from equipment sales. Hot drinks, including Black Tea, Caffeine-infused beverages, and Healthy Lifestyle options, cater to various consumer needs in Public Spaces, Commutes, Corporate Offices, and Cafes. These beverages address Digestive Issues, Sleep Patterns, and cater to diverse consumer preferences.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.