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Beverages
Bahrain Hot Drinks Market 2024
The market for hot drinks is set for moderate growth, with projections indicating an increase of USD 77.1 million and a compound annual growth rate (CAGR) nearing 6.3% over the forecast period. The hot drinks market in Bahrain is characterized by a strong preference for traditional Arabic coffee and tea. The growing trend of specia…
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Beverages
Angola Hot Drinks Market 2024
The Angola hot drinks market is anticipated to witness significant growth, with an expected uptick of USD 57.9 million, equating to a compound annual growth rate (CAGR) of about 8.2% in the coming years. Angola’s hot drinks market is influenced by the growing coffee culture, with local production gradually gaining popularity. The increasing availability of pre…
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Beverages
Algeria Hot Drinks Market 2024
Forecasts highlight a favorable growth outlook for the Algeria hot drinks market, with a projected increase of USD 1.3 billion and a compound annual growth rate (CAGR) close to 5.6% through 2029. In Algeria, the hot drinks market is primarily driven by a strong tea culture, particularly the consumption of mint tea. The rising intere…
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Beverages
Venezuela Hot Drinks Market 2024
Forecasted to grow at a moderate pace, the Venezuela hot drinks market size is expected to reach USD 1,004.4 million by 2029, up from USD 732.6 million in 2023, resulting in a CAGR of 5.4%. Venezuela’s hot drinks market is shaped by a cultural affinity for coffee and traditional drinks like chocolate. The increasing demand…
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Beverages
Uruguay Hot Drinks Market 2024
The Uruguay hot drinks market is set to increase from USD 641.2 million in 2023 to USD 978.6 million by 2029, reflecting a CAGR of 7.3% over the 2024 to 2029 timeframe. In Uruguay, the hot drinks market is characterized by a strong consumption of yerba mate, both in traditional and modern formats. The rising…
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Beverages
Peru Hot Drinks Market 2024
Anticipated to grow steadily, the Peru hot drinks market is expected to rise from USD 752.7 million in 2023 to USD 1,008.7 million by 2029, with a CAGR of 5% throughout the forecast period. Peru’s hot drinks market is influenced by a strong coffee culture, with increasing consumer interest in organic and specialty coffee. The po…
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Beverages
Paraguay Hot Drinks Market 2024
Projections for the Paraguay hot drinks market suggest a promising growth trajectory, with an anticipated rise of USD 131.6 million and a compound annual growth rate (CAGR) nearing 6.7% over the next five years. In Paraguay, the hot drinks market is dominated by tererĂ©, a traditional herbal drink, alongside yerba mate. The growing popularity of the…
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Beverages
Panama Hot Drinks Market 2024
The Panama hot drinks market is poised for slight advancement, with expectations of rising from USD 671.8 million in 2023 to USD 874.9 million by 2029, capturing a CAGR of 4.5% during the forecast period. Panama’s hot drinks market is buoyed by its high-quality coffee, particularly the famous Geisha variety. The rising trend of coffee…
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Beverages
Mexico Hot Drinks Market 2024
The Mexico hot drinks market is poised for steady growth, with an expected increase of USD 3.6 billion, reflecting a compound annual growth rate (CAGR) of approximately 8.4% from 2024 to 2029. In Mexico, the hot drinks market is characterized by a rich tradition of coffee and hot chocolate consumption. The increasing interest in specia…
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Beverages
Honduras Hot Drinks Market 2024
The Honduras hot drinks sector is poised for a dynamic growth phase, anticipating an increase of USD 69.4 million and a compound annual growth rate (CAGR) of approximately 5.2% from 2024 to 2029. Honduras’s hot drinks market is influenced by the country’s burgeoning coffee industry, with a growing emphasis on fair trade and organic produc…
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Beverages
Guatemala Hot Drinks Market 2024
Anticipated to grow gradually, the Guatemala hot drinks market size is set to rise from USD 1,051.7 million in 2023 to USD 1,361.7 million by 2029, achieving a CAGR of 4.4% throughout the forecast period. In Guatemala, the hot drinks market is shaped by its reputation as a coffee-producing nation, with an emphasis on high-q…
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Beverages
El Salvador Hot Drinks Market 2024
The El Salvador hot drinks market is likely to exhibit mild growth, with a projected increase from USD 1,395.5 million in 2023 to USD 1,685.8 million by 2029, corresponding to a CAGR of 3.2% during the 2024 to 2029 timeframe. El Salvador’s hot drinks market is characterized by a deep-rooted coffee culture, with a focus…