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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- Access to digital archives and Research Platform
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
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 | April 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 647.2 Billion |
Forecasted Market Value ( USD | $ 965.6 Billion |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |