The Global Market for Hot Beverages (Coffee and Tea) in Terms of Volume is Projected to Exceed 17.5 Million Tons by 2022
Growing Demand for Instant Coffee and Ready-to-Drink (RTD) Tea Drives the Global Hot Beverages Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Hot Beverages (Coffee and Tea) market. The global market for Hot Beverages (Coffee and Tea) in terms of volume is projected to exceed 17.5 million tons by 2022 , driven by the rising demand for instant coffee and RTD tea, and growing consumer interest in retail and foodservice channels. Taste, convenience, price, and ingredients represent the most influential factors that determine demand for hot beverages. Although demand for hot beverages varies with region, several factors are driving growth at the global level including increasing health-consciousness, convenience, wide range of options, and customization to local tastes, among others. With consumers increasingly preferring nove