PROSPECTS AND OPPORTUNITIES
Volatility of cocoa prices predicted to cause further price increases for chocolate-based flavoured powder drinks
Cocoa prices remain volatile, which as a raw base ingredient for a number of hot drinks, means higher input costs for manufacturers. In turn, consumers are subject to price increases, as manufacturers are unable to absorb the entire increase in input costs and are forced to pass this on to end consumers.
Ricoffy volumes set to rise, as consumers shift away from more expensive offerings
Demand for Ricoffy, the leading brand in other plant-based hot drinks from Nestlé South Africa (Pty) Ltd, is expected to rise, especially among lower LSM brackets, as consumers are forced to shift away from instant coffee. Impacted by the overall macroeconomic environment, price-sensitive South Africans are reducing their purchases of non-essential goods, including many hot drinks.
Private label projected to drive innovation over forecast period
Private label offerings are expected to continually drive innovation within other hot drinks over the forecast period. All major retailers, including Woolworths, Checkers and Pick ‘n’ Pay offer some form of private label hot drinks, with expanding portfolios.
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Overview:
Understand the latest market trends and future growth opportunities for the Other Hot Drinks industry in South Africa 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 South Africa, 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 South Africa 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 South Africa?
- To what extent are health considerations impacting consumption of Other Hot Drinks in South Africa?
- What are the traditional preferences in Other Hot Drinks in South Africa? 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 South Africa?
- Which are the leading brands in Other Hot Drinks in South Africa?
- How are products distributed in Other Hot Drinks in South Africa?
- 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 South Africa - Category analysis
KEY DATA FINDINGS
Health and wellness trend drives other plant-based hot drinks
Milo remains the dominant brand in malt-based hot drinks
Despite discontinuation of Nesquik, parallel imports increase
Volatility of cocoa prices predicted to cause further price increases for chocolate-based flavoured powder drinks
Ricoffy volumes set to rise, as consumers shift away from more expensive offerings
Private label projected to drive innovation over forecast period
Hot Drinks in South Africa - 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?
- 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 Other Hot Drinks research and analysis database.
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