PROSPECTS AND OPPORTUNITIES
Growth opportunities remain within the mature hot chocolate space
Although retail volume sales are unlikely to regain growth momentum over much of the forecast period due to existing challenges, there is still some optimism for the future of chocolate-based flavoured powder drinks. Innovations that adhere to the increasing trends of added flavours and health are expected to contribute positively to its future.
Guilt-free indulgence: Growing demand for plant-based and vegan hot drinks
Other hot drinks in the UK is experiencing a shift towards health-conscious, plant-based, and vegan products, driven by changing consumer preferences. Even for traditionally indulgent options such as hot chocolate, health considerations are crucial.
Foodservice demand set to continue growing over the forecast period
Foodservice volume sales of other hot drinks in the UK are expected to continue growing over the forecast period, driven by store openings and an expanding consumer base. The artisanal hot chocolate brand Knoops recently secured funding to expand its store presence, aiming to more than double its locations from 15 to 40 by the end of 2024.
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Overview:
Understand the latest market trends and future growth opportunities for the Other Hot Drinks industry in United Kingdom 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 United Kingdom, 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 United Kingdom 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 United Kingdom?
- To what extent are health considerations impacting consumption of Other Hot Drinks in United Kingdom?
- What are the traditional preferences in Other Hot Drinks in United Kingdom? 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 United Kingdom?
- Which are the leading brands in Other Hot Drinks in United Kingdom?
- How are products distributed in Other Hot Drinks in United Kingdom?
- 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 the United Kingdom - Category analysis
KEY DATA FINDINGS
Health trend remains a challenge for chocolate-based flavoured powder drinks
The alarming rise of cocoa and sugar prices
Horlicks fuels value growth in malt-based hot drinks
Growth opportunities remain within the mature hot chocolate space
Guilt-free indulgence: Growing demand for plant-based and vegan hot drinks
Foodservice demand set to continue growing over the forecast period
Hot Drinks in the United Kingdom - 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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