Hot drinks in 2024: The big picture
In 2024, geopolitical tensions and extreme weather conditions have significantly influenced global coffee prices. Coupled with persistent inflationary pressures, these factors have led to increases in the costs of hot drinks in Mexico throughout the year.
2024 key trends
Flavoured instant coffee has emerged as a significant trend in hot drinks in Mexico in 2024. Leading the way was Nescafé, which introduced three new flavours: chocolate, vanilla, and hazelnut.
Competitive landscape
In 2024, hot drinks has seen players adopt compelling strategies to expand their shares of sales. Instant coffee has been marked by fierce competition, particularly within the premium and mid-tier price ranges.
Retailing developments
Discounters has gained significance in the distribution of hot drinks in Mexico, as these outlets offer promotions, smaller formats, and a broader range of private label lines. Chained discounters, such as fast-growing brands Tiendas 3B and Aurrera, have rapidly expanded their geographic reach, penetrating medium and small cities that were once dominated by wholesalers and independent grocers.
Foodservice vs retail split
Innovation in packaged hot drinks is set to fuel retail volume and value growth in 2024, offering consumers a broader selection of flavours and convenient formats for home preparation. Manufacturers have catered to the desire to replicate foodservice experiences at home, delivering products that combine convenience with significant cost savings.
What next for hot drinks?
Hot drinks is set to maintain growth in both retail and foodservice volume terms in Mexico in the forecast period, with retail current value sales expected to see dynamic growth, and increases anticipated across all categories. Consumer interest in production processes is expected to grow, which will drive demand for clean label products with credible claims.
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Overview:
Understand the latest market trends and future growth opportunities for the Hot Drinks industry in Mexico 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 Mexico, 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 Mexico 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 Mexico?
- To what extent are health considerations impacting consumption of Hot Drinks in Mexico?
- What are the traditional preferences in Hot Drinks in Mexico? 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 Mexico?
- Which are the leading brands in Hot Drinks in Mexico?
- How are products distributed in Hot Drinks in Mexico?
- 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 Mexico
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 Mexico
KEY DATA FINDINGS
Coffee pods faces a new import tariff of 20%, which drives high value growth
Consumers try to replicate their experiences at specialist coffee shops, driving sales of fresh ground coffee pods and beans
Premiumisation maintains momentum and sees experimentation with flavours
Manufacturers of fresh ground coffee likely to offer smaller formats
A focus on ingredients likely to drive innovation in instant coffee mixes
The expansion of discounters likely to drive up the share of private label
Tea in Mexico
KEY DATA FINDINGS
Green tea maintains its positive performance
Players maintain their focus on functionality
Innovation in delivery formats
Tea set to face fierce competition from other beverages
A focus on production processes might attract conscious consumers
Expansion of discounters likely to drive the share of private label
Other Hot Drinks in Mexico
KEY DATA FINDINGS
Reduced sugar remains the biggest focus for manufacturers of other hot drinks
Innovation in other hot drinks targets adults
Competition from other types of beverages slows growth
Cleaner labels and healthier ingredients
Indulgence and co-branding set to drive growth for other hot drinks
The expansion of discounters is likely to drive the share of private label
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?
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- Track key industry trends, opportunities and threats
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This report originates from Passport, our Hot Drinks research and analysis database.
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