- The Global Hot Drinks market is expected to witness moderate growth in terms of revenue and volume (growing at a CAGR of 4.55 percent and 2.33 percent, respectively) during the forecast period of 2013-2018.
London, 06 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Hot Drinks Market 2014-2018. The rising awareness of the health benefits of tea, increased urbanization, the needs of the increasing aging population, and innovation in products and flavors are driving the market positively. However, rising raw material prices coupled with an influx of private labels will act as a threat for the major players in the Global Hot Drinks Market.
“Today, there is a marked tendency to “premiumization” of these drinks including an improvement in quality during the production, importation, and preparation, and consequent increase in cost,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
