PROSPECTS AND OPPORTUNITIES
The forecast period will see the expansion of ready-to-mix and convenient formats
Across the forecast period, the demand for convenience is poised to drive innovation in ready-to-mix and single-serve formats within other hot drinks in Canada. Consumers are increasingly favouring products that offer ease of preparation, which is likely to spur growth in single-serve sachets, pods, and instant mixes.
Brands may focus on offering other plant-based hot drinks across the forecast period
Across the forecast period, the other hot drinks category may see a rise in options for other plant-based hot drinks. With more consumers adopting plant-based diets for health, environmental, or ethical reasons, brands will likely innovate, offering new products such as oat-based flavoured powder drinks, almond-based malt drinks, and other dairy-free options.
Premiumisation and indulgent flavours will drive market differentiation
Over the next five years, the other hot drinks category is expected to witness a shift towards premiumisation, with brands introducing indulgent flavours to differentiate their offerings. Consumers are increasingly seeking unique, high-quality experiences in their hot beverages, driving demand for premium chocolate-based flavoured powder drinks and malt-based hot drinks.
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Overview:
Understand the latest market trends and future growth opportunities for the Other Hot Drinks industry in Canada 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 Other Hot Drinks industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Other Hot Drinks in Canada 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 Other Hot Drinks in Canada?
- To what extent are health considerations impacting consumption of Other Hot Drinks in Canada?
- What are the traditional preferences in Other Hot Drinks in Canada? 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 Other Hot Drinks in Canada?
- Which are the leading brands in Other Hot Drinks in Canada?
- How are products distributed in Other Hot Drinks in Canada?
- 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 Other Hot Drinks?
- Where is future growth expected to be most dynamic?
Other Hot Drinks in Canada - Category analysis
KEY DATA FINDINGS
Chocolate-based flavoured powder drinks focus on health benefits to align with rising trends
Malt-based hot drinks increasingly appeal to health-conscious consumers
A shift towards private label options as consumers look for cost saving opportunities
The forecast period will see the expansion of ready-to-mix and convenient formats
Brands may focus on offering other plant-based hot drinks across the forecast period
Premiumisation and indulgent flavours will drive market differentiation
Hot Drinks in Canada - Industry Overview
Hot drinks in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
Foodservice vs retail split
What next for hot drinks?
DISCLAIMER
The following categories and subcategories are included:
Other Hot Drinks
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- Chocolate-based Flavoured Powder Drinks
- Malt-based Hot Drinks
- Non-Chocolate-based Flavoured Powder Drinks
- Other Plant-based Hot Drinks
Other Hot Drinks
This is the aggregation of Flavoured Powder Drinks and Other Plant-based Powder Drinks. Products can be served hot or cold, and can be mixed with water, milk, or other liquids. Bottled, ready-to-drink flavoured milk drinks are NOT included here and are included in Passport Packaged Food.
See all of our definitionsWhy buy this report?
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- 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 Other Hot Drinks research and analysis database.
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