Market Research Report
Opportunities in the Western Europe Hot Drinks Sector: Analysis of opportunities offered by high growth economies
|Published by||GlobalData||Product code||585583|
|Published||Content info||93 Pages
Delivery time: 1-2 business days
|Opportunities in the Western Europe Hot Drinks Sector: Analysis of opportunities offered by high growth economies|
|Published: November 27, 2018||Content info: 93 Pages||
The Western Europe hot drinks sector was valued over US$36,000+ million in 2017, making the region the third largest market in the global hot drinks sector. A thriving Western European economy and the subsequent renewed consumer confidence are set to drive growth in hot drinks consumption, allowing the region to remain the third largest market for hot drinks worldwide.
Hot coffee held the largest share, accounting for 75.6% of total value sales in 2017, while hot tea, the second largest market, held a value share of 16.7%. With a projected value CAGR of 4.8%, the other hot drinks category is set to record the fastest growth among all categories during 2017-2022.
Western Europe's hot drinks sector is fragmented with the top five brands - Nescafe, Nespresso, Lavazza, Jacobs, and Senso - accounting for 18.5% value share in 2017. Private label penetration stood at 19.5% in the region.
Hypermarkets & Supermarkets was the leading distribution channel for hot drinks in Western Europe with a 54.4% share in 2017, followed by convenience stores with 17.3%. On-trade transactions accounted for 17.5% of overall hot drinks distribution in the same year.
"Opportunities in the Western Europe Hot Drinks Sector", report brings together multiple data sources to provide a comprehensive overview of the region's Hot Drinks sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies.
This report brings together multiple data sources to provide a comprehensive overview of the hot drinks sector in the region. It includes analysis on the following -