A significant global price increase in cocoa is expected to negatively affect the prices and demand for chocolate-based flavoured powder drinks, over the forecast period. Cocoa prices saw a 50% increase in 2023 and nearly doubled in the first quarter of 2024.
Often perceived as being unhealthy, chocolate-based flavoured powder drinks will see an ongoing shift toward health-conscious innovations. With consumers becoming more health-aware, products like Yunga's sugar-free cocoa and Green Leaf's vegan hot chocolate—sweetened with stevia instead of sugar—are gaining popularity.
As consumers become more focused on the functional benefits of what they consume, the demand for health-enhancing ingredients in hot drinks is rising. One ingredient that is benefitting from this shift is chicory, particularly in the plant-based hot drinks category.
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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 definitionsThis report originates from Passport, our Other Hot Drinks research and analysis database.
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