The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreJan 2021
US$2,100Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
Due to the outbreak of COVID-19 in Serbia, hot drinks retail sales are increasing notably, moving volume sales from a decline in 2019 to positive growth in 2020. This growth is driven from lockdown periods and ongoing home seclusion, with consumers increasing their consumption of hot drinks within the home.
A state of emergency was introduced in the country on 15 March, which remained in place until 7 May. The borders were closed from 20 March.
Several companies in Serbia have actively responded to the outbreak of COVID-19, by supporting the country in its fight against the virus: helping both the communities and medical system during 2020. Leading player in tea, Fructus, was one of the first to respond to the call from the Serbian Business Chamber, donating its products to medical centres and organisations across the country.
Due to the outbreak of COVID-19, an increasing number of consumers have migrated to e-commerce, which is set to record stronger growth in 2020 compared to 2019. This is the result of consumers being cautious about shopping in public, especially older and more vulnerable consumers, who were wary of leaving the home, even with safety measures in place.
In all hot drinks categories, there is a major shift from foodservice to retail in 2020, due to the outbreak of COVID-19. This was the most significant in coffee, with coffee being frequently enjoyed in foodservice outlets.
With foodservice sales record a significant decline in 2020, on-trade volume sales of hot drinks is set to recover in Serbia during 2021, aligned to the time when consumers will feel confident in visiting foodservice establishments once more. 2020 is also set to see a double-digit uplift in volume growth for foodservice, with sales aligning to those recorded pre-COVID-19, in 2019.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Delivery: Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Hot Drinks industry in Serbia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Hot Drinks industry in Serbia, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Serbia for free:
The Hot Drinks in Serbia market research report includes:
Our market research reports answer questions such as:
Why buy this report?
This industry report originates from Passport, our Hot Drinks market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.