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Philippines Hot Drinks Market 2024
The Philippines hot drinks market is poised for steady growth, with an expected increase of USD 1.3 billion, reflecting a compound annual growth rate (CAGR) of approximately 7.1% from 2024 to 2029. In the Philippines, the hot drinks market is driven by the popularity of coffee, especially among younger consumers. The growing trend toward specia…
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Beverages
Pakistan Hot Drinks Market 2024
The Pakistan hot drinks market is set for explosive growth, projected to climb from USD 2,320.1 million in 2023 to USD 4,604.1 million by 2029, achieving a remarkable CAGR of 12.1% over the 2024-2029 period. Pakistan’s hot drinks market is heavily influenced by tea consumption, with chai being a staple. The increasing availability of premiu…
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Beverages
Myanmar Hot Drinks Market 2024
Expected to see substantial growth, the Myanmar hot drinks market is anticipated to move from USD 912.9 million in 2023 to USD 1,317.1 million by 2029, corresponding to a CAGR of 6.3%. Myanmar’s hot drinks market is characterized by a strong tea culture, particularly with local varieties. The rising disposable incomes and growing interest in pre…
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Beverages
Malaysia Hot Drinks Market 2024
The Malaysia hot drinks market is on track to grow from USD 1,718.4 million in 2023 to USD 2,535.8 million by 2029, with a projected CAGR of 6.7% across the forecast period. In Malaysia, the hot drinks market is influenced by a diverse tea culture, with consumers favoring both traditional and modern beverages. The growin…
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Beverages
Laos Hot Drinks Market 2024
Forecasts highlight a favorable growth outlook for the Laos hot drinks market, with a projected increase of USD 43.5 million and a compound annual growth rate (CAGR) close to 7.4% through 2029. Laos’s hot drinks market is driven by the cultural significance of tea, particularly herbal varieties. The increasing interest in wellness and health benefi…
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Beverages
Kazakhstan Hot Drinks Market 2024
The Kazakhstan hot drinks market is set to increase from USD 1,109.2 million in 2023 to USD 1,674.0 million by 2029, reflecting a CAGR of 7.1% over the 2024 to 2029 timeframe. In Kazakhstan, the hot drinks market is characterized by a strong affinity for tea, particularly black and green tea. The rise in dispos…
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Beverages
Japan Hot Drinks Market 2024
Projected incremental growth in the Japan hot drinks market is set at USD 1.7 billion, reflecting a compound annual growth rate (CAGR) of nearly 2.4% over the forecast period from 2024 to 2029. Japan’s hot drinks market is shaped by a deep appreciation for tea, especially green tea, which is integral to the culture. The gr…
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Beverages
Indonesia Hot Drinks Market 2024
The Indonesia hot drinks market is poised for gradual expansion, anticipated to grow by USD 2.1 billion with a compound annual growth rate (CAGR) of around 3.9% throughout the 2024 to 2029 forecast period. Indonesia’s hot drinks market is influenced by a strong coffee culture, particularly with the growing popularity of specialty coffee. The increa…
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Beverages
India Hot Drinks Market 2024
A surge in demand is expected to drive the India hot drinks market upward, with an estimated growth of USD 8.1 billion and a compound annual growth rate (CAGR) approaching 10.6% through 2029. In Hong Kong, the hot drinks market is characterized by a blend of traditional tea culture and a burgeoning coffee scene. The in…
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Beverages
Hong Kong Hot Drinks Market 2024
Projected to undergo a minor increase, the Hong Kong hot drinks market size is anticipated to grow from USD 1,556.7 million in 2023 to USD 1,935.9 million by 2029, reflecting a CAGR of 3.7% from 2024 to 2029. In Hong Kong, the hot drinks market is characterized by a blend of traditional tea culture and a…
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Beverages
China Hot Drinks Market 2024
The China hot drinks market is expected to realize a modest increase of USD 5.2 billion, demonstrating a CAGR of about 2.6% during the forecast period from 2024 to 2029. China remains a dominant player in the hot drinks market, driven by a rich tradition of tea consumption. The growing trend of premium and specia…
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Beverages
Cambodia Hot Drinks Market 2024
The Cambodia hot drinks sector is poised for a dynamic growth phase, anticipating an increase of USD 44.1 million and a compound annual growth rate (CAGR) of approximately 5.3% from 2024 to 2029. In Cambodia, the hot drinks market is experiencing growth due to a rising middle class that is increasingly adopting coffee culture. The po…