Hot Drinks in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hot drinks market includes retail sales of hot coffee, hot tea, and other hot drinks. The hot coffee segment includes coffee beans, decaffeinated instant coffee, standard instant coffee, ground coffee, and ground coffee pods. Hot tea segment covers black specialty tea, fruit and herbal tea, green tea, instant tea, tea pods, etc. Other hot drinks segment includes chocolate-based hot drinks, malt-based hot drinks, mate, roasted grain hot drinks, etc. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
- The North American hot drinks market recorded revenues of $39.19 billion in 2024, representing a compound annual growth rate (CAGR) of 7.1% between 2019-24.
- Market consumption volume increased with a CAGR of 1.0% between 2019-24, reaching a total of 1.45 billion kilograms in 2024.
- The strong growth of the North American hot drinks market during the review period (2019-24) was driven by rising disposable incomes and increasing urbanization. According to the Bureau of Economic Analysis, in 2024, the net disposable income per household in the US reached $164,007.1, a 30.0% increase from 2019, and in Mexico reached $34,089.3, up 28.8% from 2019.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the hot drinks market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hot drinks market in North America
- Leading company profiles reveal details of key hot drinks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America hot drinks market with five year forecasts
Reasons to Buy
- What was the size of the North America hot drinks market by value in 2024?
- What will be the size of the North America hot drinks market in 2029?
- What factors are affecting the strength of competition in the North America hot drinks market?
- How has the market performed over the last five years?
- How large is North America’s hot drinks market in relation to its regional counterparts?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- JAB Holding Company SARL
- Nestle SA
- The J.M. Smucker Co
- The Kraft Heinz Co
