Increasing consumer interest in snacks and the fast food sector is expected to drive market expansion in the near future at a CAGR of 5.90% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Hot Drinks & Soft Drinks Market” that contains information from 2018 to 2032. The hot drinks & soft drinks market is estimated to register a CAGR of 5.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global hot drinks & soft drinks market - The Coffee Bean & Tea Leaf (U.S), Unilever (U.K), Gourmesso (U.S), Harney & Sons Fine Teas (U.S), Dualit (U.K), Nestlé SA  (Switzerland), Dilmah Ceylon Tea Company PLC (Sri Lanka), Ippodo Tea Co. Ltd. (China), Tranquini (U.S), Chillbev (U.S), Som Sleep.(U.S), Phi Drinks, Inc.(U.S), BevNet.com (U.S), Pepsico, Inc.; The Coca-Cola Company; Keurig Dr Pepper Inc (KDP); Red Bull GmbH; Monster Energy Company; Appalachian Brewing Company; ITO EN INC.; and AriZona Beverages USA LLC.

Market Highlights

The global hot drinks & soft drinks market is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 1052.855 billion by 2032.

One of the main factors propelling the growth of the global hot drinks and soft drinks market is the rising popularity of snacks and the fast food sector. Combination packs of these foods in personalized and practical packaging are also fostering the expansion of the global market. Furthermore, the expansion of organized retail outlets and e-commerce is another factor anticipated to fuel the growth of the hot drinks and soft drinks market. Food items and ingredients are in high demand on the internet market. The greatest way to shop is online because shipping are now quick and a wide range of things are available.

Segment Analysis

The global hot drinks & soft drinks market has been segmented into type, distribution channel and end user.

On the basis of type, the market is segmented into Coffee, Tea, Carbonated soft drinks, Non-carbonated soft drinks, Hot chocolate, Apple cider, and Others. The coffee segment was attributed to holding the largest market share in 2022. Numerous producers have created novel and inventive coffee flavors and variations in response to the rising demand for the beverage. Additionally, coffee shop chains and franchises are emphasizing instant and organic coffee, which is fostering industry expansion.

Based on distribution channel, the global hot drinks & soft drinks market has been segmented into Hypermarkets and Supermarkets, Convenience Stores, Department Stores, Dollar Stores, Variety Store, Cash and Carries and Warehouse Clubs, Food and Drinks Specialists, Drug Stores and Pharmacies and Health and Beauty Stores. The hypermarkets and supermarkets segment was expected to hold the largest market share in 2022. As a result of rising income levels and global urbanization, modern supermarkets and hypermarkets have proliferated all over the world. Due to the emergence of large supermarkets and hypermarkets, the nature of the food and beverage supply is altering.

Based on end user, the global market has been segmented into Coffee Shops, Drink Stores and Food Services. The coffee shops segment was expected to hold the largest market share in 2022. The rise of the coffee shop industry is being influenced by evolving lifestyles and increased disposable income.

Regional Analysis

The global hot drinks & soft drinks market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe hot drinks & soft drinks market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The hot drinks & soft drinks market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World hot drinks & soft drinks market comprises of Middle East, Africa, and Latin America.

The largest market share for hot drinks & soft drinks was maintained by the North American regional sector. Early adopters and economically developed countries like the US and Canada are having a beneficial effect on market revenue. In order to fulfill the rising demand for these beverages, the production of hot drinks and soft drinks is being boosted, and investments are being made in manufacturing assembly lines and packaging technology.

Moreover, the Europe market has been persistently growing over the forecast period. There has been an increase in this region's demand for coffee pods in recent years. Additionally, the United Kingdom has a sizable market for ready-to-drink or instant coffee products, which is projected to drive the market for hot drinks and soft drinks in the coming years.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period because the neighborhood has more franchise and retail establishments. Increased brand recognition is another important aspect of the region's market expansion. The expanding millennial generation will be a critical customer segment for the global hot drinks and soft drinks ndustry throughout the course of the projection period.

Furthermore, the rest of the world's hot drinks & soft drinks market is divided into the Middle East, Africa, and Latin America. During the forecast period, the rest of the world is also anticipated to expand due to rising consumer spending, a growing middle class, rising income levels, rising brand awareness, and westernization, which are the main growth factors in the area.

Key Findings of the Study

• The global hot drinks & soft drinks market is expected to reach USD 1052.855 billion by 2032, at a CAGR of 5.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. Throughout the course of the projected period, the growing millennial group will be a crucial customer segment for the global hot drinks and soft drinks market.


• Based on type, the coffee segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• The Coffee Bean & Tea Leaf (U.S), Unilever (U.K), Gourmesso (U.S), Harney & Sons Fine Teas (U.S), Dualit (U.K), Nestlé SA (Switzerland), Dilmah Ceylon Tea Company PLC (Sri Lanka), Ippodo Tea Co. Ltd. (China), Tranquini (U.S), Chillbev (U.S), Som Sleep.(U.S), Phi Drinks, Inc.(U.S), BevNet.com (U.S), Pepsico, Inc.; The Coca-Cola Company; Keurig Dr Pepper Inc (KDP); Red Bull GmbH; Monster Energy Company; Appalachian Brewing Company; ITO EN INC.; and AriZona Beverages USA LLC.