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Monday 04 November 2024
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GlobalData

RTD iced-coffee demand driven by Millennials and Gen Z, says GlobalData

MILAN – Iced and speciality coffee drinks have emerged as a hot beverage trend, with interest and demand for iced coffee drinks primarily driven...

Indonesian hot drinks sector to grow at 7.7% value CAGR through 2023, says GlobalData

MILAN – The Indonesian hot drinks sector, which includes coffee, tea and other hot drinks, is forecast to grow from Rp30.1 trillion (US$2.1bn) in...

Hot tea emulates third wave coffee culture in the US, shows new report

MILAN – When compared to the hot coffee category, hot tea in the US is still in its infancy. However, the category is benefitting...

Heytea revolutionizes Chinese tea market with differentiated formulation

MILAN — Fusion tea drinks have emerged as a huge sensation among Chinese millennials due to their differentiated formulation and convenient packaging format. Against...

A majority of UK consumers (57%) say chocolate tax would stem consumption

LONDON, UK — Following the introduction of a levy on sugary soft drinks in the UK earlier this year, it has been reported that...

Coffee shops in Mexico are booming says new survey from GlobalData

MEXICO CITY – The taste for coffee is developing fast in Mexico and sales in coffee and tea shops are going to grow by four percent until 2021. According to a recent GlobalData survey, 61 percent of 25-34 year-olds visit a coffee shop more than once a week, and 55 percent of coffee shop visitors are women.

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