Hot drinks is expected to register healthy current retail value growth, though retail volume growth is expected to be much more moderate, as inflation takes hold. The war in Ukraine is pushing up global fuel prices and impacting retail prices and dampening volume growth, as a result.
Costa Rica is committed to protecting its environment and reducing its carbon footprint and the country is seen as one of the front runners in trying to stop climate change. As a result, recycling and sustainability is a non-negotiable for companies in Costa Rica in 2022, as consumers demand it.
The status quo remains in 2022, with local players dominating, and gaining even further value share in 2022, as their products are in general more affordable and are less vulnerable to rising global costs. The landscape is also gradually becoming more fragmented, with other smaller players gaining value share over the review period.
While small local grocers still account for sizeable value share, modern grocery retails have gained ground over the review period, particularly in urban areas. Also, with heightened price sensitivity in 2022, consumers are choosing to shop in retailers such as Walmart and discounter chains such as Pali and Maxi Pali.
Foodservice continues to recover in 2022, and consumers are again drinking hot drinks in coffee shops and socialising with friends. Agua dulce, a traditional hot drink made from sugar cane, is also popular though foodservice channels, especially in cooler, mountain areas.
Hot drinks will register moderate volume growth over the forecast period. Tea will perform better than coffee, as it is less mature and still has room for growth.
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This is the aggregation of Coffee, Tea, and Other Hot Drinks.See All of Our Definitions
This report originates from Passport, our Hot Drinks research and analysis database.
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