Global Hot Drink Market 2017-2021
About Hot Drink
Hot drinks, since time immemorial, have been consumed regularly in various parts of the world. Tea was the most popular hot drink in the earlier part of the 19th century. But with the advent of coffee, many American and European nations adopted it as their primary refreshment. In the current scenario, each type of hot drink is flourishing in all markets. However, tea is still dominant in Asian countries, while coffee holds the major share in American and European countries.
Technavio’s analysts forecast the global hot drink market to grow at a CAGR of 5.49% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hot drink market for 2017-2021. To calculate the market size, the report considers the revenues generated from various geographical regions and the sales data of the various major vendors operating in the hot drink market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hot Drink Market 2017-2021
Technavio recognizes the following companies as the key players in the global hot drink market: British Foods (ABF), JACOBS DOUWE EGBERTS (JDE), Keurig Green Mountain (KGM), Tata Global Beverages (TGB), and Unilever
Other Prominent Vendors in the market are: AJINOMOTO, Bigelow Tea, Industria Colombiana deCafé, LUIGI LAVAZZA, Mother Parkers Tea & Coffee (MPTC), Nestlé, Paulig Group, PEET'S COFFEE, Reily Foods Company (RFC), Strauss, TEEKANNE, The Cornish Tea Company (TCTC), The J.M. Smucker Company (JMSC), The Republic of Tea (TRT), and Tres Corações Alimentos (TCA).
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing influence of online retailing. With the increase in e-commerce businesses worldwide, the vendors have immense potential to enhance their profitability. E-commerce trading accounts nearly 12% of the global retail trade. Most of these e-commerce channels support business-to-business (B2B) and business-to-consumer (B2C) operations.”
According to the report, one of the major drivers for this market is Increasing popularity of coffee pods and tea pods. Since the last decade, the demands for the convenience food products has been on the rise. Many nations around the globe are experiencing significant infrastructural developments and rapid rates of urbanization. These trends have brought about new innovative habits and preferences among tea and coffee seekers.
Further, the report states that one of the major factors hindering the growth of this market is Adverse environmental conditions. Coffee and tea crops are vulnerable to natural disasters and unpredictable weather conditions such as drought, earthquakes, flood, frost, and others. Seasonal wind changes can lead to excessive rainfall that might bring an onslaught of landslides and mudflows in mountainous terrains where coffee and tea crops are grown. Apart from natural calamities, excessive human intervention such as animal husbandry and agriculture methods might also affect the quality of the crops.
British Foods (ABF), JACOBS DOUWE EGBERTS (JDE), Keurig Green Mountain (KGM), Tata Global Beverages (TGB), Unilever, AJINOMOTO, Bigelow Tea, Industria Colombiana deCafé, LUIGI LAVAZZA, Mother Parkers Tea & Coffee (MPTC), Nestlé, Paulig Group, PEET'S COFFEE, Reily Foods Company (RFC), Strauss, TEEKANNE, The Cornish Tea Company (TCTC), The J.M. Smucker Company (JMSC), The Republic of Tea (TRT), and Tres Corações Alimentos (TCA).
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