Hot Drinks Market Opportunities, Trends, Growth Analysis and Forecast to 2027
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Hot Drinks Market Report Overview
The hot drinks market size was estimated at $104.6 billion in 2022 and is likely to grow at a CAGR of more than 6% from 2022 to 2027. A surge in home consumption, increasing purchasing power, and a shift toward healthier products are predicted to drive market growth in the coming years.
Hot Drinks Market Outlook 2022-2027 ($ Billion)
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The Hot Drinks market research report covers a comprehensive overview of consumption of various hot drinks by category, for the period 2017-2027. To help market players understand future market opportunities, the report covers high-potential countries based on key factors such as economic development, governance, socio-demography, and technological infrastructure.
The actionable insights, through our elaborate drink profiling and company market share details, help gain a competitive advantage and get familiarized with drink offerings by leading brands. Furthermore, our analysts have reviewed the distribution channels and the packaging materials based on volume sales of drinks, to identify better avenues for market reach and drink exposure.
| Market Size (2022) | $104.6 Billion |
| CAGR (2022-2027) | >6% |
| Historic Period | 2017-2022 |
| Forecast Period | 2023-2027 |
| Key Categories | • Hot Tea
• Hot Coffee • Other Hot Drinks |
| Key Regions | • Asia-Pacific
• Middle East and Africa • The Americas • Western Europe • Eastern Europe |
| Key Distribution Channels | • Hypermarkets & Supermarkets
• Convenience Stores • Food & drinks specialists • Cash & Carries & Warehouse Clubs • Others |
| Key Packaging Types | • Flexible Packaging
• Rigid Plastics • Paper & Board • Rigid Metal |
| Leading Companies | • Nestlé
• Associated British Foods • JAB Holding • Food Empire Holdings • Tchibo |
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Hot Drinks Market Segmentation by Category
The key categories in the hot drinks market are hot tea, hot coffee, and other hot drinks. In 2022, the hot coffee category accounted for the highest value sales owing to the rising health & wellness trend. Consumers’ inclination toward healthier options has spurred demand for hot drinks with various functional ingredients and claims such as natural, organic, and low in sugar/fat.
Hot Drinks Market Analysis by Category, 2022 (%)
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Hot Drinks Market Segmentation by Regions
The key regions in the hot drinks market are Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe. The Asia-Pacific accounted for the highest share of the hot drinks market in 2022. Factors such as rising disposable income levels and urbanization in major markets such as China and India have prompted consumers to spend more on hot drinks at HoReCa outlets. In addition, globalization has resulted in an expanded preference for flavored coffees and other hot drinks among the traditional tea-drinking nations of Asia-Pacific.
In 2022, the high-potential countries identified were Vietnam, Canada, Colombia, Indonesia, and Turkiye among others.
Hot Drinks Market Analysis by Regions, 2022 (%)
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Hot Drinks Market Segmentation by Distribution Channel
The key distribution channels in the hot drinks market are hypermarkets & supermarkets, convenience stores, food & drinks specialists, and cash & carries & warehouse clubs among others. In 2022, hypermarkets & supermarkets channel accounted for the highest share of the hot drinks sector, followed by convenience stores.
Hot Drinks Market Analysis by Distribution Channel, 2022 (%)
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Hot Drinks Market Segmentation by Packaging Material
The key packaging materials in the hot drinks market are flexible packaging, rigid plastics, paper & board, and rigid metal. Flexible packaging was the most used pack material in the hot drinks industry in 2022. Additionally, the bag/sachet pack type was the most used in the hot drinks industry in the same year.
Hot Drinks Market Analysis by Packaging Material, 2022 (%)
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Hot Drinks Market – Competitive Landscape
The key companies in the Hot drinks market are Associated British Foods, Nestlé, JAB Holding, Food Empire Holdings, and Tchibo among others. In 2022, Nestlé emerged as the market leader. A few of the key brands of Nestlé are Nescafe, Dolce Gusto, Nesquik, Carnation, Milo, and others.
Hot Drinks Market Analysis by Companies, 2022 (%)
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Key Segments Covered in this Report.
Hot Drinks Category Outlook (Value, $ Billion, 2017-2027)
- Hot Tea
- Hot Coffee
- Other Hot Drinks
Hot Drinks Regional Outlook (Value, $ Billion, 2017-2027)
- Asia-Pacific
- Middle East and Africa
- The Americas
- Western Europe
- Eastern Europe
Hot Drinks Distribution Channel Outlook (Value, $ Billion, 2017-2027)
- Hypermarkets & Supermarkets
- Convenience Stores
- Food & drinks specialists
- Cash & Carries & Warehouse Clubs
- Others
Hot Drinks Packaging Outlook (Value, $ Billion, 2017-2027)
- Flexible Packaging
- Rigid Plastics
- Paper & Board
- Rigid Metal
Scope
This report brings together multiple data sources and provides:
- A comprehensive overview of the global hot drinks sector, analyzing data from 107 countries.
- Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging.
- Regional overview: Provides an overview of five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.
- Change in consumption: Provides an overview of changes in the consumption of hot drinks over 2017-2027, at global and regional levels.
- High-potential countries: Provides risk-reward analysis of the top two high-potential countries in each region based on market assessment, economic development, governance indicators, socio-demographic factors, and technological infrastructure.
Reasons to Buy
- Get the latest information on how the market is evolving to formulate sales and marketing strategies. The report offers authentic market data with a high level of detail.
- Get up-to-date information and analysis to uncover emerging opportunities for growth within the wine sector.
- Get a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, which can help companies gain insight into the country-specific nuances.
- Understand the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- Gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
Associated British Foods
JAB Holding Company
Food Empire Holdings
Tchibo
CVC Capital
Zhulian Marketing
Unilever
The Kraft Heinz Company
GlaxoSmithKline
Industrias Banilejas
K-FE
Alimentos Selectos
Hansewappen
Jotis
Orimi Trade
Table of Contents
Table
Figures
Frequently asked questions
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What was the hot drinks market size in 2022?
The hot drinks market size was estimated at $104.6 billion in 2022.
-
What will the hot drinks market growth rate be during 2022-2027?
The hot drinks sector is likely to grow at a CAGR of more than 6% from 2022 to 2027.
-
Which was the leading category in the hot drinks market in 2022?
The hot coffee category was the highest revenue contributor in the hot drinks market in 2022.
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Which was the dominant distribution channel in the hot drinks market in 2022?
The hypermarkets & supermarkets emerged as the leading distribution channel in the hot drinks market in 2022.
-
Which was the most preferred packaging type in the hot drinks market in 2022?
Flexible packaging was the most used pack material in the hot drinks industry in 2022.
-
Which are the key companies in the hot drinks market?
The key companies in the hot drinks market are Associated British Foods, Nestlé, JAB Holding, Food Empire Holdings, and Tchibo among others.
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