United States hot
drinks market was valued at approximately USD30 billion in 2020, and is
projected to grow at CAGR of over 6% in the forecast years to reach around USD44
billion by the end of 2026. The United States hot drinks market is
witnessing consistent growth, owing to the constant change in consumer
tastes and preferences and hectic lifestyle of consumers. Additionally, some of
the other major factors contributing to the growth of this market include increased
innovation in existing services, attractive packaging of the products offered,
and availability of different flavors. All of these factors are expected to
drive the growth of the United States hot drinks market through 2026.
hot drinks sector is currently focused on the study and production of drinks
such as coffee, tea, and so on. These drinks provide certain health benefits
such as reduced risk of heart diseases, weight management and energy boosting.
Consumers nowadays are becoming more conscious towards their health and
hygiene. Therefore, to meet consumer demand, companies are coming up with
innovative products with health benefits. Moreover, due
to the continuously changing nature, taste, and preferences of consumers, the
launch of a new product has become the most crucial strategy above all others.
For instance, in 2021, Nestlé introduced new Starbucks spring coffees in the
United States. Starbucks Honey & Madagascar Vanilla Flavored Coffee and
Starbucks Spring Day Combination, a blend of black coffee from Africa and Latin
America with overtones of chocolate and dried fruits, are among the products in
this category. In addition, firms have embraced development through
transnational mergers and acquisitions, which have been effective in
strengthening their footprint. For instance, in 2020, Keurig Dr Pepper acquired
the manufacturing, sales and distribution rights of The Red River Beverage
Group and The Made-Rite Co.
United States hot drinks market is segmented into product type, distribution
channel, region, and company. In terms of distribution channel, the United
States hot drinks market is segmented into supermarkets/hypermarkets, coffee
shops, departmental stores, online and others. Among these, the
supermarket/hypermarket channel dominated the United States hot drinks market
with a market share of around 30% in the year 2020.
terms of region, the United States hot drinks market is categorized into South,
West, North-East, and Mid-West. Within the United States, the South region
captures the largest market share due to increased population and large number
of coffee shops and cafes found in this region. Also, the South region has
captured almost 35% of the total market share in the United States hot drinks
market and is expected to continue its dominance in the forecast years.
market for hot drinks has evolved into a lucrative economic opportunity. As a
result, a number of major international corporations are entering this sector.
Some of the major companies are Nestlé USA, Starbucks Corporation,
Keurig Dr Pepper Inc., The J.M. Smucker Company, The Kraft Heinz Company,
Unilever United States, Inc., The Hain Celestial Group, Inc., and Lavazza
Premium Coffees Corp. The United States hot drinks market is
highly fragmented due to the presence of many local and international players.
considered for this report:
Objective of the Study:
- To analyze the historical growth in the market
size of United States hot drinks market from 2016 to 2020.
- To estimate and forecast the market size of United
States hot drinks market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast United States hot drinks
market based on type,
distribution channel, region, and company.
- To identify dominant region or segment in the United
States hot drinks market.
- To identify drivers and challenges for United
States hot drinks market.
- To examine competitive developments such as
expansions, new services launch, mergers & acquisitions, etc., in the United
States hot drinks market.
- To identify and analyze the profile of leading
players operating in United States hot drinks market.
- To identify key sustainable strategies adopted
by market players in the United States hot drinks market.
Click here to download the sample
Research performed both primary as well as exhaustive secondary research for
this study. Initially, TechSci Research sourced a list of manufacturers across
the country. Subsequently, TechSci Research conducted primary research surveys
with the identified companies. While interviewing, the respondents were also
enquired about their competitors. Through this technique, TechSci Research
could include the manufacturers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the manufacturers
and presence of all major players across the country.
Research calculated the market size of the United States hot drinks market
using a bottom-up approach, wherein data for the various segment was recorded
and forecast for the future years. TechSci Research sourced these values from
the industry experts and company representatives and externally validated them
through analyzing historical data of these services for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations, and
financial reports were also studied by TechSci Research.
- Manufacturers, and distributors
- Market research and consulting
- Government bodies such as
regulating authorities and policymakers
- Organizations, forums, and
alliances related to hot drinks market
study is useful in providing answers to several critical questions that are
important for the industry stakeholders such as hot drinks providers, distributors,
etc., besides allowing them in strategizing investments and capitalizing on
In this report, United States hot drinks
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
United States Hot Drinks Market, By
United States Hot Drinks Market, By Distribution
United States Hot Drinks Market, By Region:
Company Profiles: Detailed analysis of the major
companies present in United States hot drinks market.
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Detailed analysis and
profiling of additional market players (up to five).