Category: Beverages
Beverages market research reports by Euromonitor International
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Hot Drinks in Kazakhstan
Hot Drinks in Kazakhstan Overall, hot drinks in Kazakhstan is expected to register healthy current value growth, but muted volume growth in 2024. While inflation growth has slowed, prices are still rising. As such, consumers remain price sensitive and players respond by offering frequents discounts ... Read More
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Hot Drinks in Switzerland
Hot Drinks in Switzerland Hot drinks have continued to play a central role in the daily lives of Swiss consumers throughout 2024, particularly in tourist and mountainous regions, where the consumption of such beverages is deeply ingrained in local culture. Switzerland's high per capita consumption o ... Read More
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Hot Drinks in Uruguay
Hot Drinks in Uruguay Uruguay has experienced a notably stable economic performance, maintaining resilience despite the persistent economic crises in neighbouring Argentina. The Uruguayan economy posted positive growth in 2023, reflecting its ability to weather external economic shocks effectively. ... Read More
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Hot Drinks in Colombia
Hot Drinks in Colombia In 2024, the Colombian economy was forecast to grow by 1.9%, according to International Monetary Fund estimations. Inflation, which closed at 9.28% in 2023, has been on a downward trajectory. By September 2024, the inflation rate had decreased to 5.81%, as reported by DANE (Na ... Read More
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Other Hot Drinks in Guatemala
Other Hot Drinks in Guatemala Given the pressure that Guatemalans have faced due to rising living costs in recent years and income limitations that a significant portion of the population still faces, the main flavoured powdered brands focused on promoting the affordability of their drinks in 2024. ... Read More
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Other Hot Drinks in Canada
Other Hot Drinks in Canada In 2024, the chocolate-based flavoured powder drinks category continued its shift towards more health-conscious formulations, driven by an increasing consumer focus on nutrition and wellness. Traditional favourites like Nesquik and Ovaltine offer variants that cater to thi ... Read More
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Coffee in Canada
Coffee in Canada In 2024, fresh coffee, including fresh coffee beans and fresh ground coffee, continued to gain traction in Canada, aligning with the rising interest in a premium at-home coffee experience. While fresh coffee benefits from a rising interest in quality, instant coffee remains a staple ... Read More
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Coffee in Colombia
Coffee in Colombia While retail value sales increased by 6% in 2024, retail volume sales of coffee in Colombia recorded a slight decline. Although price increases have moderated, retail prices remained elevated, and these high prices led to a reduction in both the frequency and volume of purchases. ... Read More
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Coffee in Guatemala
Coffee in Guatemala Guatemalans have a long tradition of coffee consumption, and coffee remains a dominant choice irrespective of social status. The wide availability of locally sourced products, offered at a broad range of prices, makes coffee accessible to consumers with varying purchasing capacit ... Read More
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Coffee in Cameroon
Coffee in Cameroon Price sensitivity has become increasingly pronounced in standard instant coffee in Cameroon as consumers focus on affordability amidst economic challenges. Conversely, standard fresh coffee has placed greater emphasis on the overall coffee experience, reflecting a growing trend am ... Read More
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Coffee Premiumisation in an Inflation-Weary World
Coffee Premiumisation in an Inflation-Weary World The window for premiumisation is narrowing in the coffee industry as coffee prices reach new highs and consumers look to cut back as they deal with an elevated cost of living. Successful premiumisation is still possible, but it will become more diffi ... Read More
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Tea in Canada
Tea in Canada In 2024, fruit/herbal tea experienced the strongest retail value growth. Canadian consumers are becoming increasingly attracted to teas that provide health benefits beyond simple hydration. Herbal teas, such as chamomile, peppermint, and ginger, have gained popularity due to their perc ... Read More
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Hot Drinks in Canada
Hot Drinks in Canada In 2024, hot drinks in Canada continued to record positive retail value growth, with strong value results in categories such as instant coffee mixes, fruit/herbal tea and fresh coffee beans. Despite an uplift of 7% for retail value, retail volume growth stagnated, challenged by ... Read More
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Hot Drinks in El Salvador
Hot Drinks in El Salvador Hot drinks registered moderate growth in retail volume sales in 2024. Coffee is the largest category due to local cultivation and the popularity of specialist coffee shops. This mature category saw moderate growth due to its existing high penetration, cost of living pressur ... Read More
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Drinking Milk Products in India
Drinking Milk Products in India After a strong increase in prices in 2023, the prices of milk in India have continued to rise in 2024, due to increased production costs, such as the rising prices of cattle feed. Leading players in the industry have already hiked prices by 5%, with more price rises e ... Read More
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Plant-Based Dairy in India
Plant-Based Dairy in India Growth in demand for plant-based dairy products in India is expected to remain strong in 2024, with double-digit retail current value growth anticipated. Fresh cow’s milk is usually consumed on a daily basis in Indian households. While India has a large dairy industry with ... Read More
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Other Hot Drinks in Costa Rica
Other Hot Drinks in Costa Rica In Costa Rica, chocolate-based flavoured powder drinks maintain a strong foothold in hot drinks, with distinct preferences shaping consumption patterns across age groups. Chocolate milk remains a household staple for children, driven by brands such as Nesquik, Johnny's ... Read More
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Dairy Products and Alternatives in India
Dairy Products and Alternatives in India Sales of dairy products and alternatives are expected to remain high in India in 2024, as milk remains one of the key animal sources of protein in the country, including for vegetarians. Despite the already high base, solid growth is anticipated in both retai ... Read More
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Hot Drinks in Guatemala
Hot Drinks in Guatemala Bernardo Arévalo was sworn in as Guatemala’s president in January 2024 and faced the challenge of implementing change in a country with entrenched corruption and high poverty rates. With a population of nearly 18 million, Guatemala is the most populous country in Central Amer ... Read More
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Hot Drinks in Cameroon
Hot Drinks in Cameroon The pace of retail price increases for hot drinks in Cameroon has decelerated in 2024 compared to previous years. However, production costs remain elevated, primarily due to the persistently high prices of raw materials. For example, the price of fresh Robusta coffee has decre ... Read More
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Hot Drinks in Costa Rica
Hot Drinks in Costa Rica Costa Rica’s tropical climate, characterised by a short and moderate dry season from January to March and a prolonged, intense rainy season, poses challenges for hot drinks. Despite consistently warm temperatures, which range from an average minimum of 73°F to a maximum of 8 ... Read More
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Yoghurt and Sour Milk Products in India
Yoghurt and Sour Milk Products in India In 2024, yoghurt and sour milk products in India is set to see another year of dynamic double-digit retail current value growth, with the expectation that the category will see the strongest growth within dairy in the country. 2024 has witnessed a strong summe ... Read More
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Tea in Colombia
Tea in Colombia In 2024, retail value sales of tea saw an increase of 3% in Colombia, while retail volume growth remained positive at 1%. The key drivers of growth were green tea and fruit/herbal tea, while black tea saw a fall in retail volume sales. Areas such as green and herbal/fruit tea benefit ... Read More
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Tea in Guatemala
Tea in Guatemala Guatemalans have a long tradition of drinking coffee rather than tea. Local tea production is very limited, with the category depending largely on imports to supply domestic demand. This reliance on imports means that changes in the cost of raw materials and international logistics ... Read More
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Other Hot Drinks in Colombia
Other Hot Drinks in Colombia In 2024, while retail value sales of other hot drinks in Colombia grew by 9%, retail volume sales fell significantly by 10%. This decline was primarily driven by the high cost of raw materials, particularly due to droughts that reduced cacao production in Colombia and ke ... Read More
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