PROSPECTS AND OPPORTUNITIES
Rising popularity of CBD could inform new product development
Over the forecast period, the growth of health and wellness hot drinks is expected to be positively impacted by lower inflation and increased purchasing power, supporting volume sales in several segments. Nonetheless, many local consumers will remain price sensitive during the early part of the forecast period at least, and cost optimisation will thus likely play a crucial role in giving companies a temporary competitive advantage.
Plant-based hot drinks set to thrive over the forecast period, following initial dip early on
While plant-based fresh coffee will decline deeply in constant value terms over 2023-24, it will quickly recover to positive growth for the rest of the forecast period. Vegan will also enjoy persistently positive growth, led by vegan fresh coffee and followed closely by vegan other hot drinks and vegan instant coffee.
Growing obesity concerns to support sales of health and wellness hot drinks
Growing numbers of Czech consumers are overweight or obese, and this trend looks likely to persist throughout the forecast period. The pandemic served to highlight not only the long-term risks associated with being overweight or obese, but also the short-term ones, with relevant consumers deemed to be more at risk from the symptoms of COVID-19 and taking longer to recover from them.
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Overview:
Understand the latest market trends and future growth opportunities for the HW Hot Drinks industry in Czech 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.
If you're in the HW Hot Drinks industry in Czech 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 HW Hot Drinks in Czech 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 HW Hot Drinks in Czech Republic?
- What are the key health and wellness concerns driving sales in HW Hot Drinks?
- Is HW Hot Drinks a dynamic niche or mainstream concern in Czech Republic?
- Which are the leading brands in HW Hot Drinks in Czech Republic?
- How are products distributed in HW Hot Drinks in Czech Republic?
- How has COVID-19 and accordant recession impacted sales? Which categories have seen rising demand? Which are most vulnerable to economic disruption and diminished consumer confidence?
- Where is future growth expected to be most dynamic?
HW Hot Drinks in the Czech Republic - Category analysis
KEY DATA FINDINGS
New product development is rife as players look to capitalise on growing interest in healthier hot drinks
No caffeine leads claims in health and wellness hot drinks in 2023
Plant-based coffee grows as consumers turn to healthier options, while organic tea struggles
Rising popularity of CBD could inform new product development
Plant-based hot drinks set to thrive over the forecast period, following initial dip early on
Growing obesity concerns to support sales of health and wellness hot drinks
Health and Wellness in the Czech Republic - Industry Overview
Health and wellness in focus
Consumer weight trends
Consumer diet trends
Health-related deaths
Blood pressure and cholesterol levels
Diabetes prevalence
DISCLAIMER
HW Hot Drinks
Health and Wellness encompasses a number of key claims made on a food or drink products that suggest a health and/or wellness positioning. It comprises positionings relating to better for you, dietary and free from, fortified/functional, health benefit, natural and organic. This is the aggregation of Coffee, Tea, and Other Hot Drinks. For full product category definitions please refer to the definitions section (can be found under the "Help" section on Passport) for the respective system: Cooking Ingredients and Meals, Dairy Products and Alternatives, Snacks, Staple Foods, Hot Drinks, Soft Drinks. Please note that data is not available at this level or other aggregated claim levels.
See all of our definitionsWhy 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 HW Hot Drinks research and analysis database.
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