Volume sales of other hot drinks in the foodservice channel fell in 2020, but the decline in demand was much milder than for either or coffee. COVID-19 was not a significant factor: Other hot drinks are mainly consumed during cold weather, so the season for consuming them had almost finished by the time COVID-19 began to significantly impact consumer behaviour and purchasing patterns in Taiwan. However, demand for other hot drinks was negatively affected by unseasonably warm weather during the e...
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Euromonitor International's Other Hot Drinks in Taiwan report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2015-2019, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they legislative, distribution or pricing issues. Forecasts to 2024 illustrate how the market is set to change. |
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Table of Contents
KEY DATA FINDINGS
2020 IMPACT
Unseasonably mild winter weather weighs on demand
Other plant-based hot drinks, particularly grain and oatmeal products, are the main driver of retail current value sales growth
Leader Mayushan Foods Co Ltd’s Max Green brand benefits from strong growth in demand for other plant-based hot drinks
RECOVERY AND OPPORTUNITIES
Increased focus on health and wellness will drive modest acceleration in retail current value sales growth
Use of functional and fortified ingredients will increase
Manufacturers of malt-based hot drinks will intensify their efforts to broaden their appeal beyond children
CATEGORY DATA
Table 1 Retail Sales of Other Hot Drinks by Category: Volume 2015-2020
Table 2 Retail Sales of Other Hot Drinks by Category: Value 2015-2020
Table 3 Retail Sales of Other Hot Drinks by Category: % Volume Growth 2015-2020
Table 4 Retail Sales of Other Hot Drinks by Category: % Value Growth 2015-2020
Table 5 NBO Company Shares of Other Hot Drinks: % Retail Value 2016-2020
Table 6 LBN Brand Shares of Other Hot Drinks: % Retail Value 2017-2020
Table 7 Forecast Retail Sales of Other Hot Drinks by Category: Volume 2020-2025
Table 8 Forecast Retail Sales of Other Hot Drinks by Category: Value 2020-2025
Table 9 Forecast Retail Sales of Other Hot Drinks by Category: % Volume Growth 2020-2025
Table 10 Forecast Retail Sales of Other Hot Drinks by Category: % Value Growth 2020-2025
EXECUTIVE SUMMARY
COVID-19 impact on hot drinks
COVID-19 country impact
Company response
Retailing shift
Foodservice vs retail split
What next for hot drinks?
CHART 1 Hot Drinks Value Sales Growth Scenarios: 2018-2025
CHART 2 Hot Drinks Impact of Drivers on Value Sales: 2017-2025
MARKET DATA
Table 11 Sales of Hot Drinks by Retail vs Foodservice: % Volume Breakdown 2015-2020
Table 12 Sales of Hot Drinks by Retail vs Foodservice: % Volume Growth 2015-2020
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The global hot drinks market size is expected to reach USD 397.3 billion by 2025, according to a new report by Radiant Insights, Inc., expanding at a CAGR of 6.8% over the forecast period.
Hot drinks help in reducing the prevalence of various lifestyle related diseases such as blood pressure, obesity, and stress.
The vendors are launching various ready to make drinks with various flavors and aromas to attract young consumers.
Download Free Sample Report @ https://www.radiantinsights.com/research/hot-drinks-market/request-sample Increasing prevalence of various lifestyle related diseases in both developing and developed countries has led to an increase in consumer interest in healthier products, thereby providing growth opportunity for hot drinks over the forecast period.
Furthermore, herbal tea helps in detoxification and relieving stress, which is expected to fuel demand for tea over the forecast period.
Moreover, increasing installation of coffee wending machines at office premises will provide growth opportunity for the hot drinks over the forecast period.
Made of quality 201 stainless steel the 201 Vacuum Insulated Bottles are 100% food safe.
double wall insulation; Keep water or drinks hot for up to 24 hours or cold for up to 24 hours as needed.
Resistant to corrosion and condensation and ideal for transportation to work, picnics, day trips where hot or cold drinks are required.
Profshare Market Research estimated that Global Hot Drinks Packaging Market is expected to reach USD 13347.2 million by 2027 growing at CAGR of 4.8% between 2019 to 2027.
Plastic & Glass are mainly used in the packaging; with technological development in eco-friendly material manufacturing shall lead to impressive growth in market.
Latin America, Middle East & Africa estimated to show constant growth in upcoming years.
Study uses both primary and secondary data sources in order to deliver precise market information.
Study deliver 360 degree view on important market factors such as competitive landscape, government initiative & policies, market trends, historical data, upcoming technologies and innovation as well as risk, rewards , opportunities and challenges.
Hot Drinks Packaging Market Study primarily includes Market status and outlook of global and major regions.
Global Hot Drinks Packaging Market Information by Material (Plastic, Glass and others), by Product (Tea, Coffee and others), and by Region – Forecast to 2022Market Synopsis of Hot Drinks Packaging MarketThe key drivers contributing to the growth of the global hot drinks packaging market are high efficiency of packaging machines, energy and cost savings due to flexible packaging and increased concern of waste disposal & sustainability.
Manufacturers are introducing several innovative packaging methods to preserve the quality of hot drinks like coffee, tea and others.
Companies are investing in materials that are light and cause less environmental impact.Hot drinks packaging is widely used in coffee, tea and other hot drink products.
Roasted and ground coffee contributes highest to the overall growth.
The restraining factor towards the growth of the market is the increased concern of coffee staling.
US contributes largely to the global hot drinks packaging market, majorly due to rising annual foodservice consumption of premium tea & coffee and the increasing number of health-conscious consumers.
