Snehathorat's Blog – March 2021 Archive (197)

Global Tea Market Updates, News and Data 2020.

Tea overall will be largely impacted by the COVID-19 pandemic, with current value growth rates mirroring what they were in 2019. Unlike coffee, tea is often drunk more often at home. As a result of lockdown, consumption opportunities of tea at home have risen. Likewise, the levels of stress and anxiety caused by the pandemic have also led to further consumption of tea as it is often perceived as a comfort drink. Product areas such as green tea and fruit/herbal teas are expected to benefit…

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Added by snehathorat on March 28, 2021 at 10:55am — No Comments

Global Tea Market Updates, News and Data 2020.

Retail volume sales in tea overall have been in decline for the whole review period. This has continued into 2020, though the descent has been slightly slower with a fall of 2% compared to 2019’s 3% drop. Within the category, tea bags black and instant tea have been worst hit in 2020. Black tea is falling fastest by 5%, compared to a fall of 7% in 2019, and has been leading the category’s overall decline since 2018. Instant tea has seen only marginal decline in 2020, having recorded positive…

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Added by snehathorat on March 28, 2021 at 10:46am — No Comments

Global Tea Market Updates, News and Data 2020.

Tea total volume sales have declined slightly as the economic consequences of the COVID-19 pandemic shrink disposable incomes, with consumers reducing spending on hot drinks. There was initial stockpiling at the start of the outbreak from mid-March to the end of April, with volume sales later decreasing as consumers suffered from lower purchasing power and higher unemployment.

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Added by snehathorat on March 28, 2021 at 10:39am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

Other hot drinks is set to record negative total volume growth in 2020. This result will be the impact of the COVID-19 outbreak, leading to the closure of foodservice outlets and ongoing restrictions in the on-trade channel, resulting in a double-digit foodservice volume decline. In addition, other hot drinks are mainly consumed during the autumn and winter seasons in foodservice outlets, with consumers remaining cautious of the virus during this time, continuing to impact volume sales for…

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Added by snehathorat on March 28, 2021 at 10:25am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

Consumption of other hot drinks has been in steady decline in Switzerland for many years due to the health and wellness trend and increasing concerns over the negative health effects associated with the consumption of sugar-rich food and beverages. In particular, many Swiss parents have criticised chocolate-based flavoured powder hot drinks due to their high sugar content. As a result, many families have chosen other beverages for their children. Although many manufacturers have introduced…

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Added by snehathorat on March 28, 2021 at 10:16am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

Peruvians generally prefer sweet tastes, resulting in the most popular types of other hot drinks being those with a “chocolatey” flavour and high levels of added sugar. Producers in the category usually focus on targeting children, teenagers and young adults and these are also the consumer groups which are perceived to be the most health conscious. For this reason, many of the leading brands in flavoured powder drinks are highlighting their products’ vitamin and mineral content as well as…

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Added by snehathorat on March 28, 2021 at 10:08am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

As a consequence of ongoing rules and regulations surrounding COVID-19, foodservice volume is set to record a double-digit decline in 2020. However, unlike coffee and tea, retail volume and value sales of other hot drinks is not set to increase in 2020; instead, both areas are set to record growth slightly lower than in 2019. This suggests that the outbreak of COVID-19 did not positively impact the at-home consumption of these drinks; however, other-plant-based hot drinks is set to lead…

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Added by snehathorat on March 28, 2021 at 10:04am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

Similar to coffee and tea, other hot drinks has a lot of consumers in Malaysia. Consumption per capita has been increasing in 2020, on account of Malays being home-confined in response to the arrival of COVID-19, with people working from home and therefore having more opportunities to consume other hot drinks. For instance, there has been a strong increase in retail volume sales of other plant-based hot drinks as they are deemed healthy and are easy to prepare for at-home consumption. These…

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Added by snehathorat on March 28, 2021 at 9:53am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

Child specific products dominate other hot drinks in Greece. Consumption will be constrained in 2020, however, as a result of an increased focus on healthy living, especially with regards to children’s diets. Demand for other hot drinks will be restricted in 2020 as the new generation of Greek parents are avoiding using chocolate-flavoured powder to make milk more appealing to their children. Many parents are using honey or unsweetened pure cocoa instead as healthier options.

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Added by snehathorat on March 28, 2021 at 9:48am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

During the Coronavirus (COVID-19) pandemic, chocolate-based flavoured powder drinks has seen a rebound in retail volume sales. There are several reasons for this development. Firstly, consumers stockpiled durables to ensure supply during the first wave of the pandemic as they faced longer hours in the home with remote working and studying becoming the norm. Secondly, consumers were looking for some indulgence while staying at home. Chocolate-based flavoured powder drinks remains popular with…

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Added by snehathorat on March 28, 2021 at 9:42am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

The impact of the COVID-19 pandemic and the official response to what in France was felt more heavily in other hot drinks than in coffee or in tea. As with black tea, the most important category of other hot drinks, chocolate-based flavoured powder drinks, was already in decline prior to the arrival of the COVID-19 pandemic in France at the start of 2020. Thus, demand remained under pressure during 2020, with a more moderate decline in off-trade terms the result of a major shift from the…

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Added by snehathorat on March 28, 2021 at 9:38am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

The impact of the COVID-19 pandemic and the official response to what in France was felt more heavily in other hot drinks than in coffee or in tea. As with black tea, the most important category of other hot drinks, chocolate-based flavoured powder drinks, was already in decline prior to the arrival of the COVID-19 pandemic in France at the start of 2020. Thus, demand remained under pressure during 2020, with a more moderate decline in off-trade terms the result of a major shift from the…

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Added by snehathorat on March 28, 2021 at 9:37am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

Millennials tend to favour imported niche products such as Yerba mate, present in other hot plant-based drinks. Yerba mate is a traditional other plant-based hot drink which is appreciated for its energy-boosting properties. Most yerba mate products are sourced from neighbouring countries, such as Paraguay. Traditionally, consumers drink it to prevent gaining weight, or to help them lose weight, as well as maintaining energy levels during the day. Nonetheless, in response to the COVID-19…

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Added by snehathorat on March 28, 2021 at 9:30am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

Millennials tend to favour imported niche products such as Yerba mate, present in other hot plant-based drinks. Yerba mate is a traditional other plant-based hot drink which is appreciated for its energy-boosting properties. Most yerba mate products are sourced from neighbouring countries, such as Paraguay. Traditionally, consumers drink it to prevent gaining weight, or to help them lose weight, as well as maintaining energy levels during the day. Nonetheless, in response to the COVID-19…

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Added by snehathorat on March 28, 2021 at 9:29am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

Millennials tend to favour imported niche products such as Yerba mate, present in other hot plant-based drinks. Yerba mate is a traditional other plant-based hot drink which is appreciated for its energy-boosting properties. Most yerba mate products are sourced from neighbouring countries, such as Paraguay. Traditionally, consumers drink it to prevent gaining weight, or to help them lose weight, as well as maintaining energy levels during the day. Nonetheless, in response to the COVID-19…

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Added by snehathorat on March 28, 2021 at 9:29am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

Overall retail volume sales of other hot drinks have seen low growth in 2020, which represents an improvement of the decline of the previous two years. Leading growth with a 2% rise has been other plant-based hot drinks – the only product area which was in positive growth in 2019 in retail volume terms. Its rise has been faster in 2020. Malt-based hot drinks has continued to decline in 2020, though at a slightly slower rate of 7% compared to its 2019 8% drop. Non-chocolate-based flavoured…

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Added by snehathorat on March 28, 2021 at 9:23am — No Comments

Global Other Hot Drinks Market Updates, News and Data 2020.

The national lockdown throughout Argentina in response to COVID-19 and the introduction of social distancing measures to fight the spread of the virus has strongly impacted sales of other hot drinks via foodservice. Indeed, foodservice chocolate-based flavoured powder drinks sales have been particularly strongly hit as they dominate sales through this channel due to the decline in out-of-home social occasions.

Also Read :…

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Added by snehathorat on March 28, 2021 at 7:32am — No Comments

Global Coffee Market Updates, News and Data 2020.

Foodservice coffee consumption in Argentina was hit hard by COVID-19 lockdown restrictions and social distancing by consumers concerned about contracting the virus. Prior to the emergence of the pandemic, retail sales of coffee were experiencing strong competition from foodservice in line with Argentina’s popular café culture, with many consumers socialising, meeting and even working in cafés throughout the country.

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Added by snehathorat on March 28, 2021 at 6:59am — No Comments

Global Coffee Market Updates, News and Data 2020.

In contrast to 2019, retail volume sales in coffee saw a positive performance in Belgium in 2020, rising by 2% compared to 2019’s 2% drop. Lockdown and other coronavirus-related restrictions meant that for three months at least away-from-home consumption of coffee ceased, and consumers upped their intake of coffee at home. Foodservice establishments were initially forced to close during the pandemic’s first wave, and even as restrictions eased consumers have been less inclined to meet in…

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Added by snehathorat on March 28, 2021 at 6:53am — No Comments

Global Coffee Market Updates, News and Data 2020.

Prior to the COVID-19 pandemic, coffee consumption in Bolivia had been growing steadily in recent years, driven by the growing coffee culture present in both on- and off- trade consumption. Coffee is a very affordable hot drink option for Bolivian consumers, and the lower prices and convenience of the product has seen it leading hot drinks for several years. Over the review period, retail sales have benefited from the construction of new shopping centres in Bolivia’s main cities, with this…

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Added by snehathorat on March 28, 2021 at 6:48am — No Comments

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