Top Growth Opportunities: Hot Drinks in Canada, 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 market in Canada through GlobalData’s detailed and robust data, expert insight, and case studies.
GlobalData’s Top Growth Opportunity reports use a risk versus reward opportunity model to identify the best growth markets for Hot Drinks producers. Through this in-depth study of market and category dynamics, readers are able to identify key opportunities, and what they need to do in order to target them.
Canada is the second most important country in the hot drinks market in per capita terms. Furthermore, per capita expenditure on hot drinks products is expected to grow significantly by 6.5% CAGR during 2016-2021. This growth is primarily attributed to time poor consumers that also have high disposable incomes which encourages them to seek for convenient and premium hot drinks products. The Canadian hot drinks market is led by the hot coffee category which accounts for an almost 80% market share in 2016. However, the other hot drinks category is expected to record the fastest growth in volume terms at a CAGR of 3.7% during 2016-2021. The market is forecast to have a strong medium-to-long term future because of Canada's fast growing economy and rapidly growing population.
The Canadian Hot Drinks market is forecast to grow at a CAGR of 6.5% between 2016-2021.
The market is currently valued at almost US$4 billion, as of 2016.
The per capita expenditure on hot drinks in value terms declined by -1.3% CAGR over 2011-2016, and decreased from US$117.2 to US$110.0.
Reasons to buy
This report brings together consumer analysis and market data to provide actionable insight into the behavior of Canada'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.