Belgium has the second-smallest market by value among the countries studied, but is forecast to register substantial growth at a CAGR of over 5% during 2016-2021. This growth is boosted by a number of factors, such as an improving economy and a rising employment rate driven by increasing EU stability.Belgium is a major importer and exporter of hot drinks especially coffee beans. Uncertainty around future trade deals between the UK and the EU due to Brexit will raise concerns about trade and whether trade relationships will remain the same between the UK and Belgium.
Amongst the top ten hot drinks market, Belgium ranks fifth in terms of per capita expenditure in US$ terms, larger than the UK, Poland, the US, Malaysia, and China. The per capita expenditure on hot drinks products is expected to grow by a CARG of around 4.6% during 2016-2021. This growth is primarily attributed to increasing disposable incomes of Belgian consumers, coupled with high levels of affinity towards coffee, which motivates them to seek high-end quality products.
Furthermore, the majority of Belgians are also willing to spend more on hot drinks products which are tagged with ‘Fair-trade’ certification. Consequently, the Belgian hot drinks market offers good growth opportunities in the future and is a long-term market.
The report Top Growth Opportunities: Hot Drinks in Belgium, provides recommended actions and detailed analysis of how to target the best growth opportunities for Hot Drinks producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of Hot Drinks markets in Belgium through our detailed and robust data, expert insight, and case studies.
In depth, this report provides the following -
Key consumer demographic groups driving consumption within the Belgium market. Improve your consumer targeting by understanding who’s driving the market, what they want, and why.
A study of market value and volumes over 2011-2016 for Belgium, supplemented with category, brand and packaging analysis that shows the current state of the market, and how it will evolve over the 2016-2021 period.
White space analysis, to pinpoint attractive spaces in the market and the key actions to take.
Insight into the implications behind the data, and analysis of how the consumer needs will evolve in the short-to-medium term future.
Examples of international and regional product innovation targeting key consumer needs.
Companies mentioned in this report: Aldi, Carrefour, Jacobs Douwe Egberts, Nestle, Koffie F Rombouts
Belgium ranks as one of the smallest market in the global Hot Drinks sector in terms of value in US$ terms.
After a period of declining growth at a CAGR of -0.3% in US$ terms between 2011 and 2016, the Belgium's Hot Drinks market will grow even faster in the next five years to 2021, at a CAGR of 5.2%.
Hot Drinks consumption is centered on older consumers. The percieved health benefits and claims attached to Hot Drinks products are driving consumption within this group.
Over 2016-2021, hot coffee will remain the highest value category, while both hot teas and other hot tea drinks are expected to record lose share growth in the same period.
Reasons to buy
This report brings together consumer analysis and market data to provide actionable insight into the behavior of Belgium 's Hot Drinks consumers.
This is based on GlobalData's unique consumer data, developed from extensive consumption surveys and consumer group tracking, which quantifies the influence of 20 consumption motivations in the Hot Drinks sector.
Category, brand, and packaging dynamics are also examined.
This allows product and marketing strategies to be better aligned with the leading trends in the market.