19 Jun 2019 San Francisco; The U.S. hot drinks market size is expected to reach USD 21,600.4 million by 2025, according to a new report by Grand View Research, Inc.
U.S. Hot Drinks Market Size, Share & Trends Analysis Report, By Product (Coffee, Tea, Others), Competitive Landscape, And Segment Forecasts, 2018 - 2025
The industry is anticipated to grow, primarily on account of the increased usage of healthy beverages supporting the dietary requirements of the growing population of the country.
The consumers in the economy lay higher emphasis on the sourcing of the product. In addition, the overall quality is generally determined by the consumers through the certifications associated with the product. The industry is characterized by the presence of a notable regulatory framework with regulations related to processing, roasting, packaging, and transportation of the product.
The consumers are inclined towards the use of tea on account of the recognition of healthy properties exhibited by tea as compared to CSDs. The industry in the country is expected to register prominent gains driven by high consumption volume of the such beverages by the growing millennials population in the country.
There is an upsurge in the consumption of coffee beverages in the economy. owing to the growing gourmet culture exhibited in the industry as well as on account of major expansions undertaken by the leaders in the industry. The escalating demand of hot coffee is attributed to the increasing demand of coffee pods in the mature coffee industry in the economy
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www.grandviewresearch.com/industry-analysis/us-hot-drinks-market
Further key findings from the report suggest:
Grand View Research has segmented the U.S. hot drinks market on the basis of product and its sub segments:
Product Outlook (Revenue, USD Million; 2014 - 2025)