Coffee, Tea & Spices Wholesaling in the UK - Industry Market Research Report
Description
Coffee, Tea & Spices Wholesaling in the UK
Wholesalers' performance is heavily influenced by the global prices of the commodities coffee, tea, cocoa and spices, with major fluctuations in revenue and profit driven mainly by price volatility. Most commodities are denominated in US dollars, meaning the sustained weakness of the pound has increased the cost of importing goods for resale. Consumer preferences are shifting towards health and wellness drinks, with fewer sales of black tea offset by a surge in demand for herbal and botanical-infused drinks with lower caffeine content. Demand for coffee is rising as more people want premium-based coffee experiences, as shown by the uptake of at-home coffee machines. Consumer interest in sustainably and ethically produced cocoa encourages wholesalers to carefully source their cocoa and ensure its traceability. An uptick in global cuisine cooking has lifted spice sales, helped along the way by trends on social media. Over the five years through 2023-24, wholesalers' revenue is estimated to fall at a compound annual rate of 2.4% to £3.1 billion.
This industry wholesales coffee, tea, cocoa and spices. Wholesalers perform no additional processing beyond repackaging, instead focusing on storing and distributing products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Wholesalers' performance is heavily influenced by the global prices of the commodities coffee, tea, cocoa and spices, with major fluctuations in revenue and profit driven mainly by price volatility. Most commodities are denominated in US dollars, meaning the sustained weakness of the pound has increased the cost of importing goods for resale. Consumer preferences are shifting towards health and wellness drinks, with fewer sales of black tea offset by a surge in demand for herbal and botanical-infused drinks with lower caffeine content. Demand for coffee is rising as more people want premium-based coffee experiences, as shown by the uptake of at-home coffee machines. Consumer interest in sustainably and ethically produced cocoa encourages wholesalers to carefully source their cocoa and ensure its traceability. An uptick in global cuisine cooking has lifted spice sales, helped along the way by trends on social media. Over the five years through 2023-24, wholesalers' revenue is estimated to fall at a compound annual rate of 2.4% to £3.1 billion.
This industry wholesales coffee, tea, cocoa and spices. Wholesalers perform no additional processing beyond repackaging, instead focusing on storing and distributing products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
44 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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