PUBLISHER: MarketLine | PRODUCT CODE: 1327667
PUBLISHER: MarketLine | PRODUCT CODE: 1327667
Global Hot Drinks industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The hot drinks market consists of the retail sales of coffee, tea and other hot drinks. The coffee segment consists of instant coffee, roast and ground coffee and coffee beans. The tea segment consists of black specialty tea, fruit and herbal tea, green tea, instant tea and tea pods. The other hot drinks segment consists of chocolate-based hot drinks and malt-based hot drinks. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 exchange rates.
The global Hot Drinks market had total revenues of $194,587.9 million in 2022, representing a compound annual growth rate (CAGR) of 8.4% between 2017 and 2022.
Market consumption volume increased with a CAGR of 3% between 2017 and 2022, to reach a total of 12,344.6 million kilograms in 2022.
The performance of the market is forecast to decelerate, with an anticipated CAGR of 6% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $260,381.7 million by the end of 2027.