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.
The growth in the hot beverages market is driven by several factors. The premiumization trend, where consumers are willing to pay more for higher-quality products, has significantly boosted the market for specialty coffee and tea. Health and wellness trends have led to increased demand for organic and functional teas, which are perceived as healthier alternatives. E-commerce growth has provided new sales channels, making it easier for consumers to access a wide variety of coffee and tea products. Urbanization and changing lifestyles have accelerated the demand for convenient and quick beverage solutions, further supported by the proliferation of at-home brewing equipment and RTD options. Sustainability concerns have pushed for innovations in eco-friendly packaging and ethical sourcing practices, which resonate well with the environmentally conscious consumer. Additionally, marketing strategies, including social media campaigns and influencer endorsements, have enhanced brand visibility and consumer engagement, driving further market expansion. The confluence of these factors has created a dynamic and evolving market landscape, poised for continued growth in the coming years.
The growth in the hot beverages market is driven by several factors. The premiumization trend, where consumers are willing to pay more for higher-quality products, has significantly boosted the market for specialty coffee and tea. Health and wellness trends have led to increased demand for organic and functional teas, which are perceived as healthier alternatives. E-commerce growth has provided new sales channels, making it easier for consumers to access a wide variety of coffee and tea products. Urbanization and changing lifestyles have accelerated the demand for convenient and quick beverage solutions, further supported by the proliferation of at-home brewing equipment and RTD options. Sustainability concerns have pushed for innovations in eco-friendly packaging and ethical sourcing practices, which resonate well with the environmentally conscious consumer. Additionally, marketing strategies, including social media campaigns and influencer endorsements, have enhanced brand visibility and consumer engagement, driving further market expansion. The confluence of these factors has created a dynamic and evolving market landscape, poised for continued growth in the coming years.
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 analysis period.
- 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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
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
| Report Attribute | Details |
|---|---|
| No. of Pages | 354 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 787.8 Billion |
| Forecasted Market Value ( USD | $ 1200 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
