Hot drinks in 2024: The big picture
Hot drinks in Dominican Republic registered healthy current value and more modest volume growth in 2024. An improving economy, as well as lower inflation, contributed to volume growth.
2024 key trends
Fresh ground coffee continues to be the dominant type of coffee. However, players also look to differentiate by offering added value.
Competitive landscape
Industrias Banilejas CxA continues to dominate hot drinks in Dominican Republic. largely thanks to its extensive product portfolio, especially in fresh ground coffee.
Retailing developments
Small local grocers continue to account for most value sales, especially for coffee, whereas tea is mainly sold through supermarkets and hypermarkets. This is mainly because tea brands are imported.
Foodservice vs retail split
Retail channels continue to account for significantly more volume sales, though foodservice channels registered much higher volume growth in 2024. Tourist numbers have returned to high levels and this has supported volume growth through foodservice channels such as hotels, restaurants and bars.
What next for hot drinks?
Hot drinks will register modest constant value and volume growth over the forecast period. The outlook for the economy is positive and this will support volume growth.
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Overview:
Understand the latest market trends and future growth opportunities for the Hot Drinks industry in Dominican Republic with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Coffee
- Tea
- Other Hot Drinks
If you're in the Hot Drinks industry in Dominican Republic, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Hot Drinks in Dominican Republic report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Hot Drinks in Dominican Republic?
- To what extent are health considerations impacting consumption of Hot Drinks in Dominican Republic?
- What are the traditional preferences in Hot Drinks in Dominican Republic? To what extent are these tastes changing amidst increasing international influence and the growth of chained cafés?
- How are changing demographics (for example, an ageing or predominantly young population) determining consumption of Hot Drinks in Dominican Republic?
- Which are the leading brands in Hot Drinks in Dominican Republic?
- How are products distributed in Hot Drinks in Dominican Republic?
- How is the rise of e-commerce changing the retail and competitive landscape?
- Have home seclusion and social distancing measures following COVID-19 benefited sales of Hot Drinks?
- Where is future growth expected to be most dynamic?
Hot Drinks in Dominican Republic
Hot drinks in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
Foodservice vs retail split
What next for hot drinks?
DISCLAIMER
Coffee in Dominican Republic
KEY DATA FINDINGS
Coffee continues to be Dominican Republic’s most popular hot drink
Banilejas continues to dominate
Players strive to differentiate themselves from competitors
Continuing growth over forecast period
Continuing growth in local production
Space for more premium coffee
Tea in Dominican Republic
KEY DATA FINDINGS
Tea performs strongly, though volume sales remain low
Black tea registers highest volume growth
Fruit/herbal continues to be the most popular tea
Improving economy supports volume growth of tea
Green tea registers healthy volume growth, though from very low base
Private label gains volume share
Other Hot Drinks in Dominican Republic
KEY DATA FINDINGS
Significant decline in volume sales, due to cocoa shortage
Chocolate-based flavoured powder drinks dominate
Cortés Hermanos continues to lead other hot drinks
Similar dynamics over forecast period
Increasing visibility of imported brands, due to domestic shortages
Potential for private label to gain volume share
The following categories and subcategories are included:
Hot Drinks
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- Fresh Coffee Beans
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- Fresh Ground Coffee Pods
- Standard Fresh Ground Coffee
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- Instant Standard Coffee
- Instant Coffee Mixes
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- Loose Black Tea
- Tea Bags Black
- Fruit/Herbal Tea
- Green Tea
- Instant Tea
- Other Tea
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- Chocolate-based Flavoured Powder Drinks
- Malt-based Hot Drinks
- Non-Chocolate-based Flavoured Powder Drinks
- Other Plant-based Hot Drinks
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Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Hot Drinks research and analysis database.
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