In 2023 and beyond, unit prices within hot drinks are set to continue rising due to higher costs of raw materials and labour costs. This alongside the financial repercussions of the pandemic could cause some disturbances to purchasing patterns in the coming years.
Over the forecast period, other hot drinks will recover post pandemic, but its overall outlook will remain bleak. With the growing health and wellness trend, consumers will continually turn away from other hot drinks and to healthier alternatives such as fruit/herbal teas.
Liquid alternatives of chocolate-based drinks are expected to continue to pose a threat to sales of chocolate-based flavoured powder drinks in the forecast period, as these are regarded as more convenient, as they are easier to prepare. Nesquik chocolate syrup is one such example.
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Other Hot Drinks
This is the aggregation of Flavoured Powder Drinks and Other Plant-based Powder Drinks. Products can be served hot or cold, and can be mixed with water, milk, or other liquids. Bottled, ready-to-drink flavoured milk drinks are NOT included here and are included in Passport Packaged Food.See All of Our Definitions
This report originates from Passport, our Other Hot Drinks research and analysis database.
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