Hot Drinks Market Share, Trend, Segmentation and Forecast to 2029
Beverage consumption is rapidly increasing. Due to the changing weather, the demand for hot beverages is seen to be seasonal in many countries. Many organic hot beverages have flooded the market over the last year, and sales are bound to skyrocket with the benefits of organic products. The three most influential factors that determine the demand for hot beverages in a specific area are taste, convenience, and price.
Data Bridge Market Research analyses that the hot drinks market which was valued at USD 180.81 billion in 2021 is expected to reach the value of USD 290.37 billion by 2029, at a CAGR of 6.1% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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