U.S. Hot Drinks Market Growth & Trends
The U.S. hot drinks market size is expected to reach USD 27.4 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030. The industry is anticipated to grow, primarily on account of the increased usage of healthy beverages supporting the dietary requirements of the growing population of the country.
The consumers in the economy lay higher emphasis on the sourcing of the product. In addition, the overall quality is generally determined by the consumers through the certifications associated with the product. The industry is characterized by the presence of a notable regulatory framework with regulations related to processing, roasting, packaging, and transportation of the product.
The consumers are inclined towards the use of tea on account of the recognition of healthy properties exhibited by tea as compared to CSDs. The industry in the country is expected to register prominent gains driven by high consumption volume of the such beverages by the growing millennials population in the country.
There is an upsurge in the consumption of coffee beverages in the economy. owing to the growing gourmet culture exhibited in the industry as well as on account of major expansions undertaken by the leaders in the industry. The escalating demand of hot coffee is attributed to the increasing demand of coffee pods in the mature coffee industry in the economy
U.S. Hot Drinks Market Report Highlights
- Tea is expected to register the highest CAGR during the forecast period. Artisanal tea blenders, specialty tea shops, and tea boutiques have gained prominence in the U.S. market, offering consumers a curated selection of high-quality, ethically sourced teas worldwide.
- Coffee dominated the market and accounted for a market revenue share of 75.6% in 2023. Coffee is pervasive in American culture, with a rich tradition of coffee consumption dating back centuries.
- Café segment accounted for the largest market revenue share in 2023. Cafés are popular destinations for consumers seeking a variety of hot beverages, including coffee, tea, and specialty drinks.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Hot Drinks Market Variables, Trends, & Scope
Chapter 4. U.S. Hot Drinks Market: Product Estimates & Trend Analysis
Chapter 5. U.S. Hot Drinks Market: Distribution Channel Estimates & Trend Analysis
Chapter 6. Competitive Landscape
Companies Mentioned
- Starbucks Coffee Company
- PEET'S COFFEE
- Caribou Coffee
- The Coffee Bean & Tea Leaf
- Tim Hortons Inc.
- Dutch Bros Coffee
- Dunn Brothers Coffee
- Argo Tea
- Baxter's Coffee
- Dunkin Donuts
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 20 Billion |
| Forecasted Market Value ( USD | $ 27.4 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
