The U.S. hot drinks market size is expected to reach USD 27.4 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The industry is anticipated to grow, primarily on account of the increased usage of healthy beverages supporting the dietary requirements of the growing population of the country.
The consumers in the economy lay higher emphasis on the sourcing of the product. In addition, the overall quality is generally determined by the consumers through the certifications associated with the product. The industry is characterized by the presence of a notable regulatory framework with regulations related to processing, roasting, packaging, and transportation of the product.
Gather more insights about the market drivers, restrains and growth of the U.S. Hot Drinks Market
The consumers are inclined towards the use of tea on account of the recognition of healthy properties exhibited by tea as compared to CSDs. The industry in the country is expected to register prominent gains driven by high consumption volume of the such beverages by the growing millennials population in the country.
There is an upsurge in the consumption of coffee beverages in the economy. owing to the growing gourmet culture exhibited in the industry as well as on account of major expansions undertaken by the leaders in the industry. The escalating demand of hot coffee is attributed to the increasing demand of coffee pods in the mature coffee industry in the economy
U.S. Hot Drinks Market Report Highlights
- Tea is expected to register the highest CAGR during the forecast period. Artisanal tea blenders, specialty tea shops, and tea boutiques have gained prominence in the U.S. market, offering consumers a curated selection of high-quality, ethically sourced teas worldwide.
- Coffee dominated the market and accounted for a market revenue share of 75.6% in 2023. Coffee is pervasive in American culture, with a rich tradition of coffee consumption dating back centuries.
- Café segment accounted for the largest market revenue share in 2023. Cafés are popular destinations for consumers seeking a variety of hot beverages, including coffee, tea, and specialty drinks.
Browse more reports published by Grand View Research.
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List of Key Players in the U.S. Hot Drinks Market
- Starbucks Coffee Company
- PEET'S COFFEE
- Caribou Coffee
- The Coffee Bean & Tea Leaf
- Tim Hortons Inc.
- Dutch Bros Coffee
- Dunn Brothers Coffee
- Argo Tea
- Baxter's Coffee
- Dunkin Donuts
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
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