Modest growth of 1.4% witnessed in hot drinks between 2011 and 2016 is set to accelerate in the five years to 2021, with a forecast CAGR of 4.2%. UK’s opportunity score of 40.5/50 also lands it in fourth place in terms of opportunity ranking for the hot drinks market - the highest among other European economies. The country’s highly developed economy and status as a key global player typically mean that its technological infrastructure and political stability provide hot drinks producers a safe climate for production, formulation, and sales across multiple channels.
Among the top 10 hot drinks markets, the UK ranks sixth in terms of per capita expenditure in US dollar terms, larger than Poland, the US, Malaysia, and China. Furthermore, the per capita expenditure on hot drinks products is expected to grow by 3.5% CAGR during 2016-2021. This growth is primarily attributed to the high affinity of Britons towards hot drinks products coupled with increasing disposable incomes, which motivates them to seek premium products in the market.
Furthermore, the majority of young Britons are willing to spend more on hot drinks products that have novel tastes and unique flavors while the aging population seeks products marketed with health & wellness benefits. Consequently, the UK hot drinks market offers ample growth opportunities in terms of per capita expenditure and is clearly a long-term market.
The report Top Growth Opportunities: Hot Drinks in the UK, 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 in the UK 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 UK 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 the UK, 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: Nestle; Jacobs DouweEgberts; Associated British Foods Plc; Unilever; Bettys & Taylors Group Ltd; Tata Sons Limited; Clipper Teas; GSK; Starbucks; Luigi Lavazza.
The hot drinks market in the UK grew at a CAGR of 1.4% during 2011-2016, from US$5,411.6 million in 2011 to US$5,788.6 million in 2016
The UK hot drinks market is forecast to register strong growth at a CAGR of 4.2% during 2016-2021 and is expected to be worth US$7,109.6 by 2021
Among the top 10 hot drinks markets, the UK ranked sixth in terms of per capita expenditure (in US dollar terms) in 2016, larger than Poland, the US, Malaysia, and China
Reasons to buy
This report brings together consumer analysis and market data to provide actionable insight into the behavior of the UK'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.