This briefing provides updates on 2021-2025 quarterly forecasts for the hot drinks industry, sourced from Euromonitor International’s Hot Drinks Forecast Model for Q2 2021, reflecting updated GDP and Coronavirus (COVID-19) impact forecasts.
Global hot drinks retail growth saw a slight upgrade in the second quarter of 2021, reflecting an accelerating pace of recovery in many markets.
The US in particular has seen both a successful vaccine rollout and a strong fiscal stimulus programme, while developing markets such as China have similarly seen strong recoveries.
India continues to face a staggering number of new cases at the time of writing, with the full impact of the current wave not yet fully clear, nor fully incorporated into current forecasts.
While there is no question that many fully-vaccinated consumers will be eager to return to dining out, it is by no means clear that all of the occasions lost in 2020 will return.
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