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Hot Beverages (Coffee and Tea) - Global Strategic Business Report

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    Report

  • 354 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338670
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.

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 SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • Global Economic Update
  • Hot Beverages (Coffee and Tea) - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Health Awareness Drives Demand for Specialty Teas
  • Premiumization Trends Propel Growth of High-Quality Coffee and Tea Products
  • Increasing Popularity of Functional Beverages Expands Addressable Market Opportunity
  • Technological Innovations in Brewing Methods Enhance Consumer Experience
  • Rising Disposable Income Spurs Consumption of Gourmet Coffee and Tea
  • Expansion of E-commerce Channels Generates New Sales Opportunities
  • Health and Wellness Trends Drive Adoption of Herbal and Organic Teas
  • Ready-to-Drink Coffee and Tea Market Gains Momentum Amidst Busy Lifestyles
  • Cultural Shifts towards Coffee Culture Strengthen Business Case for Cafes
  • Growing Trend of At-Home Brewing Equipment Expands Market Penetration
  • Product Diversification in Flavors and Formats Sustains Market Growth
  • Rising Demand for Plant-Based Milk Alternatives Drives Coffee and Tea Innovation
  • Seasonal and Limited-Edition Offerings Generate Excitement and Boost Sales
  • Increasing Urbanization and Changing Lifestyles Accelerate Demand for Convenient Hot Beverages
  • Growing Awareness of Antioxidant Benefits Boosts Tea Consumption
  • How Craft Coffee Trends Capture Consumer Interest
  • Innovations in Cold Brew and Nitro Coffee Create New Market Opportunities
  • Artisanal Tea Blends Gain Popularity Among Connoisseurs
  • Innovations in Smart Coffee Makers Propel Adoption of Advanced Brewing Techniques
  • Expansion of Specialty Tea Shops and Coffee Houses Spurs Market Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Hot Beverages (Coffee and Tea) Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Hot Beverages (Coffee and Tea) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Hot Beverages (Coffee and Tea) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Hot Beverages (Coffee and Tea) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Coffee by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Coffee by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Coffee by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Tea by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Tea by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Tea by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Cocoa by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Cocoa by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Cocoa by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Out of Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Out of Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Out of Home by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for At Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for At Home by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for At Home by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Offline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Offline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Offline by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Hot Beverages (Coffee and Tea) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

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