US Hot Drinks - Market Assessment and Forecasts to 2023

US Hot Drinks - Market Assessment and Forecasts to 2023

US Hot Drinks - Market Assessment and Forecasts to 2023

Summary

The US hot drinks sector is led by the hot coffee category, in 2018, while the hot tea category is expected to register the fastest value growth during 2018-2023. JAB Holding Company, The J.M. Smucker Company and Starbucks are the leading companies in the sector, while Folgers and Lipton remain the prominent coffee and tea brands. Flexible packaging is the most commonly used pack material, whereas bag/sachet is the popular pack type used for hot drinks in the US.

GlobalData’s Country Profile report on the Hot Drinks sector in the US provides insights on high growth categories to target, trends in the usage of package materials, category level distribution channel data and market share of brands.

What else is contained?

• Sector data: Overall sector value and volume data with growth analysis for 2013-2023
• Category coverage: Value and growth analysis for hot coffee, hot tea, and other hot drinks with inputs on individual segment share within each category and the change in their market share forecast for 2018-2023
• Leading players: Market share of brands (in value and volume terms) and private labels (in value terms) in 2018
• Distribution data: Percentage of sales within each category through distribution channels such as cash & carries and warehouse clubs , convenience stores, department stores, dollar stores”, variety stores & general merchandise retailers, e-retailers, food & drinks specialists, hypermarkets & supermarkets, on-trade, and other general retailers
• Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for flexible packaging, paper & board, rigid plastics, glass, rigid metal and others; pack type data for: carton, bag/sachet, tub, bottle, jar and stand up pouch.

Scope

• The per capita consumption of hot drinks in the US was lower compared to the regional level, but higher compared to the global level in 2018
• The hot tea category is expected to gain the maximum market share in value terms during 2018-2023
• The hot tea category is expected to gain market share in volume terms during 2018-2023
• Among all categories in the US, per capita consumption of hot coffee was the highest in 2018
• Hypermarkets & supermarkets is the leading distribution channel in the US hot drinks sector
• Private label penetration is the highest in the other hot drinks category
• Flexible packaging is the most commonly used pack material in the US hot drinks sector
• Older consumers account for the leading share in the consumption of hot drinks in the US

Reasons to buy

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rurral-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends..