• The global Hot Drink market was valued at US$ 206370 million in 2022 and is projected to reach US$ 294390 million by 2029, at a CAGR of 5.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
• The rising popularity of coffee pods and tea pods as one of the major factors that will have a positive impact on this market?s growth. Coffee capsule and coffee pod machines are widely made available at cafes and coffee shops by numerous vendors. These shops offer hot coffee as their main offering with cold coffee and light snacks. Moreover, coffee pods are one of the main growth drivers of the US coffee market, as the consumer interest in convenience coffee products have increased. In addition, Europe has witnessed a high demand for coffee pods during the last five years. Also, in the UK, the increased need for instant and ready-to-drink coffee products is boosting the market growth. The global instant coffee market is likely to register good growth rate during the forecast period. In the case of tea, quick drink formats like tea capsules are gaining wide popularity specifically in regions like North America and Europe.
Email: help@24marketreports.com Call: +1(646)-781-7170 (Int'l)
• Associated British Foods (ABF)
• JACOBS DOUWE EGBERTS (JDE)
• Keurig Green Mountain (KGM)
• Tata Global Beverages (TGB)
• Unilever
