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

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
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