The Global Drinks segment registered Market value of USD 1,514,422.20 Million in 2020
The indicator recorded a historical growth (CAGR) of 5.60% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Global hot drinks
The hot drinks market consists of the retail sales of coffee, tea and other hot drinks. The coffee segment consists of instant coffee, roast and ground coffee (including ground coffee pods) and coffee beans. The tea segment consists of black specialty tea, fruit and herbal tea, green tea, instant tea and tea pods. The other hot drinks segment consists of chocolate-based hot drinks and malt-based hot drinks.
The global hot drinks market registered strong growth during the review period (2016-2020). The growth of the market is expected follow a similar pattern over the forecast period (2020-2025).
Increasing awareness related to health has fueled the demand for quality products. Demand for drinks including green tea, lemon tea, and detox coffee and tea is growing owing to increasing awareness related to the health benefits of these products, which, in turn, is driving the market for hot drinks over the forecast period.
Global soft drinks
The soft drinks market consists of the retail sale of carbonates, squash/syrups, nectars, energy drinks, juice, packaged water, sports drinks, iced/RTD tea drinks, flavored water, still drinks, enhanced water, fruit powders, bulk/HOD water, and iced/RTD coffee drinks. The total market volume for soft drinks market excludes powder concentrates, which are included in the market value.
The Global soft drinks market registered moderate growth during the review period (2015-2019). The growth of the market is expected to decelerate over the forecast period (2019-2024).
The rise in urbanization and high population growth in Asia-Pacific is contributing to the growth of the soft drinks market in the region. Asia-Pacific accounted for healthy growth with a significant share in the global value in 2019. Moreover, rising trends such as sugar-free drinks, increased demand for healthy drinks, and strict government regulation to curb the use of sugar in all soft drinks, encouraged manufacturers to launch healthy beverages.
Category segmentation
Hot coffee is the largest segment of the global hot drinks market, accounting for the largest share of the market's total value.
The Hot tea segment accounts for the second-largest share of the market.
Carbonates are the largest segment of the global soft drinks market, accounting for the largest share of the market's total value.
The Packaged water segment accounts for a further second-largest share of the market.
Who are the leading players in the global hot drinks market?
Who are the leading players in the global soft drinks market? 25
United States of America
United States of America
United States of America
United States of America
Germany
China
United States of America
United States of America
United States of America
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