Hot drinks market to grow 4.78% during 2016-2020
In a report titled ‘Global Hot Drinks Market 2016-2020’, Technavio’s analysts forecast the global hot drinks market to grow at a CAGR of 4.78% by revenue during 2016-2020. Rising demand for hot drinks in emerging countries and the launch of new variants have been responsible for its steady market growth over the past couple of years. The Technavio report says the market position of hot brewed coffee has been strong traditionally. With numerous innovations and changes in consumer demand, the market landscape has transformed. Consumers wish to replicate the café experience at home in the form of single-serve coffee machines. To meet this growing demand and customize their offerings, vendors are offering single-serve coffee pods that can be used in espresso coffee machines.