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Forecasts highlight a favorable growth outlook for the Algeria hot drinks market, with a projected increase of USD 1.3 billion and a compound annual growth rate (CAGR) close to 5.6% through 2029. In Algeria, the hot drinks market is primarily driven by a strong tea culture, particularly the consumption of mint tea. The rising intere… Read More
The Angola hot drinks market is anticipated to witness significant growth, with an expected uptick of USD 57.9 million, equating to a compound annual growth rate (CAGR) of about 8.2% in the coming years. Angola’s hot drinks market is influenced by the growing coffee culture, with local production gradually gaining popularity. The increasing availability of… Read More
The Argentina hot drinks market is set for accelerated growth, with USD 22.3 billion in value addition and a compound annual growth rate (CAGR) of 22.4%, showcasing strong upward momentum through 2029. In Argentina, the hot drinks market is dominated by mate, a traditional herbal drink that is integral to the culture. The rising intere… Read More
The Asia Pacific hot drinks market is expected to experience robust growth, with a projected increase of USD 39.9 billion and a compound annual growth rate (CAGR) of approximately 5.8% throughout the forecast period. The Asia Pacific region is witnessing robust growth in the hot drinks market, largely due to the rising popularity of tea,… Read More
The Australia hot drinks sector is poised for a dynamic growth phase, anticipating an increase of USD 1.1 billion and a compound annual growth rate (CAGR) of approximately 5.2% from 2024 to 2029. Australia’s hot drinks market is buoyed by a sophisticated coffee culture, where consumers increasingly seek out high-quality, specialty coffee. The trend toward… Read More
Anticipated to grow gradually, the Austria hot drinks market size is set to rise from USD 2,503.8 million in 2023 to USD 2,989.7 million by 2029, achieving a CAGR of 3% throughout the forecast period. Austria’s hot drinks market is shaped by its rich coffee tradition, particularly the consumption of espresso and Viennese coffee. The… Read More
Anticipated to grow steadily, the Azerbaijan hot drinks market is expected to rise from USD 852.3 million in 2023 to USD 1,382.8 million by 2029, with a CAGR of 8.4% throughout the forecast period. In Azerbaijan, the hot drinks market is influenced by traditional tea culture, with consumers showing a preference for locally sourced tea.… Read More
The market for hot drinks is set for moderate growth, with projections indicating an increase of USD 77.1 million and a compound annual growth rate (CAGR) nearing 6.3% over the forecast period. The hot drinks market in Bahrain is characterized by a strong preference for traditional Arabic coffee and tea. The growing trend of specia… Read More
The Bangladesh hot drinks market is set to increase from USD 1,397.1 million in 2023 to USD 2,204.7 million by 2029, reflecting a CAGR of 7.9% over the 2024 to 2029 timeframe. Bangladesh’s hot drinks market is driven by a strong cultural preference for tea, particularly black tea. The increasing availability of ready-to-drink tea produc… Read More
The Belarus hot drinks market is poised for remarkable growth, forecasted to jump from USD 875.8 million in 2023 to USD 1,585.7 million by 2029, reflecting a CAGR of 10.4% throughout the evaluation period. Belarus’s hot drinks market is influenced by a strong tea culture, with black tea being particularly favored. The rising disposable income… Read More
The Belgium hot drinks market is on track for slight growth, expected to expand from USD 1,953.5 million in 2023 to USD 2,292.1 million by 2029, with a CAGR of 2.7% during the evaluated period. Belgium’s hot drinks market is influenced by its strong coffee culture, with consumers showing a preference for gourmet and artisa… Read More
The Bolivia hot drinks market is poised for steady growth, with an expected increase of USD 199.5 million, reflecting a compound annual growth rate (CAGR) of approximately 7.9% from 2024 to 2029. Bolivia’s hot drinks market is influenced by a cultural affinity for traditional herbal teas, particularly those derived from local plants. The growing intere… Read More
A modest growth trajectory is forecasted for the Bosnia and Herzegovina hot drinks market, with an expected increase of USD 53.4 million and a compound annual growth rate (CAGR) of roughly 3% from 2024 through 2029. The hot drinks market in Bosnia and Herzegovina is characterized by a cultural affinity for coffee, especially traditional Bosnia… Read More
Anticipated trends indicate that the Brazil hot drinks market will achieve incremental growth of USD 11.2 billion, translating to a compound annual growth rate (CAGR) of around 7.1% during the forecast period of 2024 to 2029. Brazil’s hot drinks market is characterized by a strong coffee culture, with consumers increasingly seeking premium and specialty coffee… Read More
The Bulgaria hot drinks market is poised for moderate growth, projected to increase from USD 978.3 million in 2023 to USD 1,326.1 million by 2029, achieving a CAGR of 5.2% during the forecast period. Bulgaria’s hot drinks market is shaped by an increasing preference for quality coffee and herbal teas. The rising disposable income levels… Read More
The Cambodia hot drinks sector is poised for a dynamic growth phase, anticipating an increase of USD 44.1 million and a compound annual growth rate (CAGR) of approximately 5.3% from 2024 to 2029. In Cambodia, the hot drinks market is experiencing growth due to a rising middle class that is increasingly adopting coffee culture. The… Read More