Hot Beverages (Coffee and Tea) Industry 2019
Hot Beverages (Coffee and Tea) are enjoyed by many throughout the year. The presence of caffeine in these beverages lends a feeling of alertness and prevents sleepiness and drowsiness. Hot Beverages (Coffee and Tea) help elevate the mood and boost energy levels. They also improve alertness and general cognitive functions. With people becoming aware of the health benefits they offer, the demand for hot beverages has been on the rise. As per reports, the global hot beverages (coffee and tea) market was valued at US$ 250.7 billion in 2018 and it will grow at a considerable rate over the forecast period.
Get a Free Sample Report @ https://www.wiseguyreports.com/sample-request/3687647-global-hot-beverages-coffee-and-tea-market-2018
For more information or any query mail at firstname.lastname@example.org
Celestial Seasonings, Inc.
Harney & Sons
JDB (China) Beverages Ltd.
Jacobs Douwe Egberts
J.M. Smucker Company
Keurig Green Mountain, Inc.
The introduction of different types of beverages such as green tea, herbal tea, lemon tea, and detox tea and coffee is driving the market for hot drinks in the recent years. An increase in the consumption of these beverages and the installation of tea and coffee wending machines in commercial offices, corporate settings, and other places, are also expected to fuel the demand for hot beverages (coffee and tea) during the forecast period. Also, health-conscious consumers are opting for hot drinks over the carbonated ones.
The market for beverages like green tea and slimming coffee is growing at a rapid pace around the world. The other globally popular hot beverage market for instant or ready-to-drink coffee is also expected to register good growth during the forecast period. Quick drink forms of tea such as tea capsules are becoming increasingly popular in North America, Western Europe, and other regions. According to report analysts, the global hot beverages (coffee and tea) market will grow at a Common Annual Growth Rate (CAGR) of about 5% by 2021.
The global hot beverages (coffee and tea) market is segmented according to type, application, nature, and distribution channel. Based on the type, the market is divided into tea and coffee. Tea is further bifurcated into green tea, masala tea, herbal tea and others. Coffee holds more than half of the worldwide hot beverage market. Similarly, based on applications, the market is divided into coffee shops, drink stores, food service, and others. Based on nature, the hot beverage market is divided into organic and conventional. The consumption of organic beverages is high among the health-conscious population. Based on distribution channel, the market is segmented into direct and indirect.
North America (The United States, Canada and Mexico), Europe (France, UK, Italy, Germany, Spain, Russia and rest of the region), Asia-Pacific (India, Japan, China, Australia, South Korea, Indonesia, Singapore and rest of the region), Central and South America (Argentina, Columbia, Brazil, and rest of the region), and the Middle-East and Africa (UAE, Saudi Arabia, Egypt, Turkey, and South Africa) are the main regions considered in this report for studying the global hot beverages (coffee and tea) market.
Asia-Pacific is the main region for hot beverages (coffee and tea) and is expected to grow at the fastest CAGR over the forecast period. Rising brand awareness, increasing population of millennials and different flavors are driving the market in this region. With a huge demand for instant coffee and other hot beverages, Europe is the second most important region. Tea bags and capsules are gaining good popularity in North America.
Harris Tea has entered into an agreement with Redco Foods for the acquisition of the Salada® and Red Rose® tea brands in the United States.
Complete Report Details @ https://www.wiseguyreports.com/reports/3687647-global-hot-beverages-coffee-and-tea-market-2018
Table of Contents – Major Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Hot Beverages (Coffee and Tea) Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
4 Global Hot Beverages (Coffee and Tea) Market Analysis by Regions
5 North America Hot Beverages (Coffee and Tea) by Countries
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349