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The Japanese hot drinks market is projected to grow at a compound annual growth rate (CAGR) of 3.8% from JPY2,144.0bn (US$20.1bn) in 2020 to JPY2,585.9bn (US$27.2bn) in 2025. The market is majorly driven by growth in the hot coffee category, observes GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Hot drinks – Market […]
Hot tea to drive China hot drinks market at 9.4% CAGR through 2025, says GlobalData
The Chinese hot drinks market is projected to grow at a compound annual growth rate (CAGR) of 9.4% from CNY212.5bn (US$30.8bn) in 2020 to CNY332.4bn (US$48.9bn) in 2025. The market is primarily driven by growth in the hot tea category, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Hot Drinks – Market […]
Australia’s hot drinks sector to reach US$6.8bn by 2025, says GlobalData
The Australian hot drinks sector is projected to grow from A$5.3bn (US$3.8bn) in 2020 to A$6.8bn (US$4.9bn) by 2025 at a compound annual growth rate (CAGR) of 5.1% over the five-year period. The laid-back coffee culture in Australia contributed to the growth of specialty cafes, offering a wide variety of hot coffee, says GlobalData, a […]
Indonesia’s hot drinks market to reach US$3.1bn by 2025, forecasts GlobalData
The Indonesian hot drinks market is projected to grow from Rp34.8 trillion (US$2.4bn) in 2020 to Rp47.8 trillion (US$3.1bn) by 2025 at a compound annual growth rate (CAGR) of 6.5% over the five-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Hot Drinks – Market Assessment and Forecasts to 2025’ reveals […]
Hot drinks market of Malaysia to reach US$2bn by 2025, says GlobalData
The Malaysian hot drinks market is projected to grow from RM6.3bn (US$1.5bn) in 2020 to RM8bn (US$2bn) by 2025 at a compound annual growth rate (CAGR) of 4.9% over the five-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Hot Drinks – Market Assessment and Forecasts to 2025’ reveals that the […]
Hot drinks sector of Philippines to reach US$2.4bn by 2025, forecasts GlobalData
The hot drinks sector in the Philippines is projected to grow from ₱78.5bn (US$1.6bn) in 2020 to ₱121.8bn (US$2.4bn) by 2025 at a compound annual growth rate (CAGR) of 9.2% over the five-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Philippines Hot Drinks – Market Assessment and Forecasts to 2025’ reveals […]
South Korean hot drinks market to reach US$3bn by 2025, forecasts GlobalData
The South Korean hot drinks sector is projected to grow from ₩2,712bn (US$2.3bn) in 2020 to ₩3,438.1bn (US$3bn) by 2025 at a compound annual growth rate (CAGR) of 4.9% over the five-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Hot Drinks – Market Assessment and Forecasts to 2025’ reveals […]
Thailand’s hot drinks sector to reach US$2.2bn by 2025, says GlobalData
The Thai hot drinks sector is projected to grow from ฿45.8bn (US$1.5bn) in 2020 to ฿64.9bn (US$2.2bn) by 2025 at a compound annual growth rate (CAGR) of 7.2% over the five-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand Hot Drinks – Market Assessment and Forecasts to 2025’ reveals that the […]
COVID-19 proving lucrative for Korean food brands in India, says GlobalData
While the Korean culture wave or ‘hallyu’ has been slowly making inroads into urban India since many years, the COVID-19 pandemic has accelerated the demand for Korean cuisine. This growing fascination for Korean food reflects the openness of the Indian youth to embrace foreign culture and cuisine, as revealed by GlobalData’s Q2 2021 consumer survey*. […]
Millennials keep UK pubs alive during COVID-19 pandemic, as over one in five buy premium drinks, says GlobalData
Following the recent announcement from Wetherspoons that cocktail sales have soared compared to traditional sales; Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “As millennials are the main drivers of pub sales, pubs will be looking to ‘premiumize’ in order to meet their tastes for more premium products […]
Food manufacturers must invest in innovative agriculture to meet COP26’s deforestation goal, says GlobalData
COP26’s ambitious pledge to end deforestation by 2030 presents major challenges to fast-moving consumer goods (FMCG) producers, says GlobalData. The leading data and analytics company notes that, as global food commodities such as meat, palm oil, soya and cocoa are currently entwined with significant land usage and deforestation, hardline policies and increased investment in research […]
Global food security must be part of the COP26 conversation
Food security is a vital factor to consider in the climate crisis narrative, and one that should be prioritised during the COP26 summit, says GlobalData. The leading data and analytics company notes that, following UN General Secretary António Guterres’ opening speech on how extreme weather is unproportionally impacting many developing nations, it is imperative that […]
The ‘climatarian’ marks next dietary trend in wake of COP26
The ‘climatarian’ diet, which is built upon reduced meat consumption, and, ideally, the adoption of a plant-based diet, has gained increasing attention as global warming continues to dominate the headlines. Research from GlobalData, a leading data and analytics company, reveals that the global plant-based meat alternatives sector grew at a compound annual growth rate (CAGR) […]
Methane pledge falls flat as biggest polluters fail to sign non-binding commitment, says GlobalData
Following the news that 105 countries have signed a commitment to reduce methane emissions by 30% over this decade; George Henry, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view on the global initiative: “The global methane pledge directed by the US and EU members has led to a huge response […]
Clear and mandatory commitments for F&B players are necessary to tackle UK’s net-zero strategy, says GlobalData
Following today’s news (Wednesday 3 November) that UK firms will be forced to show how they will adopt a low-carbon future from 2023; George Henry, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view on the latest action to tackle the climate emergency: “The announcement of new net-zero commitments is no […]
Estee Lauder’s premium positioning pays off as consumers splash out on cosmetics and skincare, says GlobalData
Following today’s (2 November 2021) release of Estee Lauders’ trading results; Nina Nowak, Senior Researcher at GlobalData, a leading data and analytics company, offers her view: “Estee Lauder’s impressive 23% growth in net sales demonstrates the recovery of the cosmetics and toiletries market, after a difficult period that forced the industry to take a new […]
Coca-Cola sales rejuvenate to pre-COVID-19 volumes as its grip on the market holds fast, says GlobalData
Following the release of Coca-Cola’s Q3 trading results; Holly Inglis, Beverages Analyst at GlobalData, a leading data and analytics company, offers her view: “Coca-Cola’s strong global revenue growth clearly demonstrates the post-COVID-19 rebound we are seeing in the non-alcoholic beverages category. GlobalData forecasts that the global soft drinks category will grow at a volume compound […]
TV-inspired beauty taps into millennials’ nostalgia, just in time for Halloween, says GlobalData
Get ready to be thrilled this Halloween, as beauty companies are using a relatively new way of targeting customers: retrophilia. This trend sees the release of new TV-inspired beauty products – usually based on shows from the nostalgic 90s and 2000s. Launched just in time for the first post-lockdown Halloween parties, recent examples include Wet […]
AB-InBev posts strong Q3 results as consumers trade up in beer, says GlobalData
Following the news that AB-InBev’s total volumes grew by 3.4% and revenue grew by 7.9% in Q3; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “The reopening of on-trade premises in many markets has naturally boosted AB-InBev’s growth this quarter. However, that is only part of this success […]
Heineken’s Q3 sales impacted by renewed wellbeing trends following COVID-19 pandemic, says GlobalData
Following today’s release of Heineken’s quarter three trading results; Holly Inglis, Beverages Analyst at GlobalData, a leading data and analytics company, offers her view: “Heineken’s favorable 8% growth in beer volume shows the pure strength of the brand, as overcoming the global downturn of beer sales is no mean feat. GlobalData notes that global beer […]