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

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    Report

  • 354 Pages
  • May 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338670
The global market for Hot Beverages (Coffee and Tea) is estimated at US$787.8 Billion in 2023 and is projected to reach US$1.2 Trillion by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Coffee segment, which is expected to reach US$742.1 Billion by 2030 with a CAGR of a 5.7%. The Tea segment is also set to grow at 6.2% CAGR over the next 7 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $206.2 Billion in 2023, and China, forecasted to grow at an impressive 8.9% CAGR to reach $270.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Hot Beverages (Coffee and Tea) Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Hot Beverages (Coffee and Tea) Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Hot Beverages (Coffee and Tea) Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Celestial Seasonings, Inc., Costa Limited, Dilmah (Ceylon Tea Services PLC.), and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

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

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • 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 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (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 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 2023 through 2030 and % CAGR
  • Table 2: 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 2022 and % CAGR
  • Table 3: 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, 2024 & 2030
  • Table 4: 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 2023 through 2030 and % CAGR
  • Table 5: 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 2022 and % CAGR
  • Table 6: 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, 2024 & 2030
  • Table 7: 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 2023 through 2030 and % CAGR
  • Table 8: 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 2022 and % CAGR
  • Table 9: 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, 2024 & 2030
  • Table 10: 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 2023 through 2030 and % CAGR
  • Table 11: 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 2022 and % CAGR
  • Table 12: 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, 2024 & 2030
  • Table 13: 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 2023 through 2030 and % CAGR
  • Table 14: 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 2022 and % CAGR
  • Table 15: 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, 2024 & 2030
  • Table 16: 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 2023 through 2030 and % CAGR
  • Table 17: 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 2022 and % CAGR
  • Table 18: 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, 2024 & 2030
  • Table 19: 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 2023 through 2030 and % CAGR
  • Table 20: 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 2022 and % CAGR
  • Table 21: 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, 2024 & 2030
  • Table 22: World Hot Beverages (Coffee and Tea) Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 23: 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 2023 through 2030 and % CAGR
  • Table 24: 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 2022 and % CAGR
  • Table 25: 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, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (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 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (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 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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

Table Information