The global packaged tea market is estimated to reach US$65.22 billion in 2024, growing at a CAGR of 6.91% for the period spanning from 2020 to 2024. The factors such as increasing per capita disposable income, prevalence of tea culture, growing e-commerce, growing health awareness, introduction of healthy ingredients in tea and introduction of new flavors and new varieties in tea are expected t ..
The global out of home coffee market is expected to reach US$29.55 billion in 2024, witnessing growth at a CAGR of 4.94%, over the period 2020-2024. Growth in the out of home coffee market has accrued due to the accelerating coffee consumption, increasing number of working age population, growing presence of coffee houses, rising disposable income and growing urbanization. The market is anticip ..
The global coffee market is anticipated to reach US$134.25 billion in 2024, growing at a CAGR of 5.32% for the period spanning 2020-2024. Factors such as increasing out of home coffee consuming population, rapid urbanization, rising e-commerce retail sales, accelerating disposable income, increasing instant coffee preference, growing demand for specialty coffee and increasing green coffee consu ..
The plant based milk market is expected to reach US$21.52 billion in 2024, growing at a CAGR of 10.18%, for the duration spanning 2020-2024. The factors such as, expansion of the beverage industry, growing obese populace, ..
The global ginger ale market is expected to record a value of US$5.34 billion in 2023, growing at a CAGR of 6.57%, for the duration spanning 2019-2023. While, the global tonic mixer market is projected to hold a value of U ..
The global cognac consumption is estimated to reach 237 million 0.7 liter bottles in 2023, growing at a CAGR of 2.71% for the period spanning f ..
The global infant formula market is estimated to reach US$80.76 billion in 2023, growing at a CAGR of 5.80% for the period spanning from 2019 to 2023. The factors such as emerging middle class population, growing birth rat ..
The global beverage can market volume is estimated to reach 426.6 billion units in 2023, growing at a CAGR of 4% for the period spanning 2019-2023. The factors such as increasing aluminum production, rise in economic growth, upsurge in urban population, rising hyg ..
Coffee is a brewed drink prepared from roasted coffee beans. It is the world’s most popular beverage that is consumed by almost everyone to release their stress and boo ..
Milk is relished worldwide and its consumption, particularly in natural form, and production has been rising continuously. Over the years, population growth and greater affordability have pushed the demand for milk and its d ..