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Hot Beverages (Coffee and Tea): Global Strategic Business Report

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    Report

  • 354 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338670

Global Hot Beverages (Coffee and Tea) Market to Reach $1.2 Trillion by 2030

The global market for Hot Beverages (Coffee and Tea) estimated at US$701.5 Billion in the year 2022, is projected to reach a revised size of US$1.2 Trillion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030. Coffee, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$742.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Tea segment is readjusted to a revised 7.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $191.1 Billion, While China is Forecast to Grow at 10.9% CAGR

The Hot Beverages (Coffee and Tea) market in the U.S. is estimated at US$191.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$270.5 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Select Competitors (Total 203 Featured) -

  • 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

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Hot Beverages (Coffee and Tea)

What is the estimated value of the Global Market for Hot Beverages (Coffee and Tea)?

The Global Market for Hot Beverages (Coffee and Tea) was estimated to be valued at $647.2 Billion in 2020.

What is the growth rate of the Global Market for Hot Beverages (Coffee and Tea)?

The growth rate of the Global Market for Hot Beverages (Coffee and Tea) is 5.9%, with an estimated value of $965.6 Billion by 2027.

What is the forecasted size of the Global Market for Hot Beverages (Coffee and Tea)?

The Global Market for Hot Beverages (Coffee and Tea) is estimated to be worth $965.6 Billion by 2027.

Who are the key companies in the Global Market for Hot Beverages (Coffee and Tea)?

Key companies in the Global Market for Hot Beverages (Coffee and Tea) include 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 and Nestlé S.A..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Hot Beverages: Versatile Drinks in Interesting Formats, Flavors, Colors, and Aromas
  • Recent Market Activity
  • Major Trends in Developed and Emerging Markets Summarized
  • Developed Markets
  • Emerging Markets
  • Tea and Coffee Reach New Heights in Beverage Formulation
  • Factors of Differentiation
  • Premium Positioning
  • Naturally Caffeinated, Perishable Super Foods
  • Tea and Coffee: Beyond the Realm of Ordinary Beverages
  • Ready-to-drink Beverages
  • Premium Specialty Drinks
  • Fermented Coffee
  • Healthy Beverages
  • Coffee: Trendy and Growing Beverage Highly Influenced by Taste, Convenience, Price, and Ingredients
  • Coffee: Fast Facts
  • Multiple Health Benefits of Tea amidst Rising Health Consciousness Drive Widespread Demand
  • Tea & Cardiovascular Health
  • Support to Cell Cycle
  • Diabetes Management
  • Weight Management
  • Bone Health
  • Neurological Diseases
  • Specific Forms of Cancers
  • Major Factors Driving Global Consumption of Hot Beverages (Coffee and Tea)
  • Focus on Health and Well-being
  • Convenience
  • Wide Range of Options
  • Customization to Local Tastes
  • Increasing Consumption of Various Beverages Worldwide: The Fundamental Growth Driver
  • Hot Beverages, Healthy Beverages, and Water Witness Spiraling Consumption
  • Major Beverage Industry Trends that are Influencing Prospects for Hot Beverage
  • Global Market Outlook
  • Coffee Dominates Consumption, While Tea Spearheads Market Growth
  • Hot Beverages (Coffee and Tea) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • Celestial Seasonings, Inc. (USA)
  • Costa Limited (UK)
  • Dilmah (Ceylon Tea Services PLC.) (Sri Lanka)
  • Harney & Sons (USA)
  • JAB Holding Company S.àr.l. (Luxembourg)
  • Keurig Dr Pepper Inc. (USA)
  • Van Houtte, Inc. (Canada)
  • JDB (China) Beverages Ltd. (China)
  • Jacobs Douwe Egberts (The Netherlands)
  • J.M. Smucker Company (USA)
  • Dunkin' Donuts (USA)
  • Kraft Heinz Company (USA)
  • Luigi Lavazza S.p.A. (Italy)
  • McCafé (Australia)
  • Mcleod Russel (India)
  • Nestlé S.A. (Switzerland)
  • O'Coffee (Brazil)
  • Parry Agro Industries Limited (India)
  • R. Twining and Company Limited (UK)
  • R.C. Bigelow, Inc. (USA)
  • Segafredo Zanetti SpA (Italy)
  • Starbucks Corporation (USA)
  • Strauss Group Ltd. (Israel)
  • Tata Global Beverages (India)
  • Tata Coffee (India)
  • Tetley (UK)
  • Tchibo GmbH (Germany)
  • The Republic of Tea (USA)
  • Tim Hortons Inc. (Canada)
  • UCC UESHIMA COFFEE CO., LTD. (Japan)
  • Unilever PLC (UK)
  • Tazo Tea Company (USA)
  • Hindustan Unilever Limited (India)
  • Yorkshire Tea (UK)
3. MARKET TRENDS & DRIVERS
  • Growing Demand for Protein-Fortified, Organic, and Functional Beverages Drive Healthy Market Growth
  • Functional Teas Set to Become Everyone's Cup of Tea
  • Increasing Demand for Ethically-Produced, Sustainable and Certified Coffee Sustains Market Growth for the Segment
  • Consumers Demand Sustainable Products
  • Stakeholders' Collaboration: Need of the Hour
  • Key Considerations to Achieve Sustainable Growth
  • Major Trends in Global Coffee Market
  • Despite Growing Preference for RTD Tea, Hot Tea Continues to Reign Supreme in the Global Tea Market
  • Tea Consumption across the Globe Registers Steady Growth
  • Major Tea Tastes and Trends
  • Cost and Convenience Factors Drive Strong Global Demand for Instant Coffee
  • Growing Interest in Naturally Healthy Products and Sustainable Sourcing to Boost Tea-Based Beverages Market
  • Sustainable Sourcing
  • Cross-Cultural Exchange of Healthy Ingredients
  • Unabated Popularity of Green Tea Bodes Well for the Market
  • The Indulgence Trend Drives Growing Preference for Specialty Coffee
  • Growing Interest in Retail and Food Service Channels Benefit Market Demand
  • Children and Youth Population: A Lucrative Demographic Segment & the New Advertising Target
  • E-commerce: A Powerful Marketing Tool for Market Participants
  • Developing Countries Continue to Drive Current and Future Market Growth
  • India & China Offer Lucrative Market Growth Opportunities
  • Favorable Demographic Trends Strengthen Market Prospects for Hot Beverages
  • Rising Global Population
  • Growing Middle Class Population
  • Increasing Influence of Millennials
  • Shrinking Family Size
  • Rapid Urbanization
  • COFFEE AND TEA INNOVATIONS
  • Smart Mug to Keep Hot Beverages at Ideal Temperature
  • Muggo: The Smart Travel Mug
  • Recent Innovations in Coffee Lattes
  • Need to Preserve and Protect Authenticity of Taste Drives Tea Packaging Innovations
  • Tea of a Kind (TOAK): Novel Tea in "Eco 4-Pack" Format
  • Flavor Extension Driving Growth within Traditional Premium Tea Market
  • Innovations in Tea Blends
  • Noteworthy Tea Innovations in Recent Times
  • Other Noteworthy Innovations in the Coffee Market
  • At-Home Coffee Receives a Makeover
  • Technology to Improve Coffee Processing
  • Coffee Subscription Services
  • Sales of Single-Cup Coffee Soar; Spur Sustainable Cup innovation
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Hot Beverages (Coffee and Tea) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Hot Beverages (Coffee and Tea) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Hot Beverages (Coffee and Tea) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Coffee by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Coffee by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Coffee by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Tea by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Tea by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Tea by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Cocoa by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Cocoa by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Cocoa by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Out of Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Out of Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Out of Home by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for At Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for At Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for At Home by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Offline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Offline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Offline by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Hot Beverages (Coffee and Tea) Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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