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Beverages
Bangladesh Hot Drinks Market 2024
The Bangladesh hot drinks market is set to increase from USD 1,397.1 million in 2023 to USD 2,204.7 million by 2029, reflecting a CAGR of 7.9% over the 2024 to 2029 timeframe. Bangladesh’s hot drinks market is driven by a strong cultural preference for tea, particularly black tea. The increasing availability of ready-to-drink tea produc…
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Beverages
Azerbaijan Hot Drinks Market 2024
Anticipated to grow steadily, the Azerbaijan hot drinks market is expected to rise from USD 852.3 million in 2023 to USD 1,382.8 million by 2029, with a CAGR of 8.4% throughout the forecast period. In Azerbaijan, the hot drinks market is influenced by traditional tea culture, with consumers showing a preference for locally sourced tea. A…
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Beverages
Global Hot Drinks Market 2024
Forecasts highlight a favorable growth outlook for the global hot drinks market, with a projected increase of USD 134.2 billion and a compound annual growth rate (CAGR) close to 5.5% through 2029. On a global scale, the hot drinks market is being shaped by evolving consumer preferences toward healthier options, leading to increased demand for he…
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Beverages
North America Hot Drinks Market 2024
The latest estimates indicate that the North America hot drinks market is expected to experience modest growth, with an incremental increase of USD 10.3 billion. This growth is projected to occur at a compound annual growth rate (CAGR) of approximately 3% during the forecast period from 2024 to 2029. In North America, the hot drinks…
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Beverages
Latin America Hot Drinks Market 2024
Insights reveal that the Latin America hot drinks market is set for a healthy expansion, with an anticipated growth of USD 21.9 billion, corresponding to a compound annual growth rate (CAGR) of nearly 6.6% from 2024 to 2029. Latin America’s hot drinks market is characterized by a strong coffee culture, especially in countries like Brazil…
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Beverages
Asia Pacific Hot Drinks Market 2024
The Asia Pacific hot drinks market is expected to experience robust growth, with a projected increase of USD 39.9 billion and a compound annual growth rate (CAGR) of approximately 5.8% throughout the forecast period. The Asia Pacific region is witnessing robust growth in the hot drinks market, largely due to the rising popularity of tea, p…
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Beverages
Europe Hot Drinks Market 2024
A modest growth trajectory is forecasted for the Europe hot drinks market, with an expected increase of USD 33.6 billion and a compound annual growth rate (CAGR) of roughly 4.5% from 2024 through 2029. In Europe, the hot drinks market is propelled by a deep-rooted coffee culture, with consumers increasingly favoring artisanal and sustainably source…
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Beverages
Middle East and Africa Hot Drinks Market 2024
Anticipated trends indicate that the Middle East and Africa hot drinks market will achieve incremental growth of USD 28.6 billion, translating to a compound annual growth rate (CAGR) of around 8.8% during the forecast period of 2024 to 2029. The hot drinks market in the Middle East and Africa is driven by a strong cultur…
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Beverages
Iran Coffee Market 2024
The market for coffee is set for moderate growth, with projections indicating an increase of USD 0.9 billion and a compound annual growth rate (CAGR) nearing 6.1% over the forecast period. Iran’s coffee market is evolving amid a rich tea-drinking tradition, with increasing interest in coffee culture and specialty offerings. Urbanization and the rise of cof…
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Beverages
Bahrain Coffee Market 2024
Projections for the Bahrain coffee market suggest a promising growth trajectory, with an anticipated rise of USD 58.3 million and a compound annual growth rate (CAGR) nearing 7.2% over the next five years. In Bahrain, the coffee market is evolving with a burgeoning café culture and an increasing preference for specialty coffee. The influence of exp…
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Beverages
Venezuela Coffee Market 2024
The Venezuela coffee sector is poised for a dynamic growth phase, anticipating an increase of USD 178.2 million and a compound annual growth rate (CAGR) of approximately 5% from 2024 to 2029. Venezuela’s coffee market is facing challenges due to economic instability, yet there remains a cultural affinity for coffee that sustains demand. Increasing intere…
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Beverages
Turkmenistan Coffee Market 2024
The Turkmenistan coffee market is poised for rapid expansion, with a projected increase of USD 116.7 million, reflecting a robust compound annual growth rate (CAGR) of 13.1% over the forecast period from 2024 to 2029. Turkmenistan’s coffee market is emerging, with growing awareness of coffee as a beverage choice among consumers. The gradual increase in caf…