LONDON, UK – Technavio has announced the top six leading vendors for the global hot drinks market in their latest research report. This report also lists 17 other prominent vendors who are expected to contribute to this market’s growth over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market.
To calculate the market size, Technavio researchers have included the global sales of hot drinks through retail stores.
“The global hot drinks market is witnessing a growing shift in consumer preference towards plastic coffee pods. In developed markets, coffee pods have become a mainstream product, enabling consumers to experience a luxury food service at home. This trend is expected to influence the overall hot drinks sales by boosting hot coffee consumption,” said Vijay Sarathi, one of Technavio’s lead analysts for food and beverages research.
“Market vendors are modifying their offering to capitalize on this trend. The Nespresso CitiZ automatic espresso machine, for instance, stands apart from the competition by using a unique extraction process. In 2014, McDonald’s launched new coffee products for coffee brewing systems, including the Tassimo and Keurig. Many similar developments are anticipated to drive this market until 2020,” added Vijay.
Six leading vendors in the global hot drinks market:
ABF
ABF was founded in 1935 and is headquartered in London, UK. They are a diversified international group involved in food, ingredients, and retail businesses. They manufacture and market food and ingredients. The company operates as a subsidiary of Wittington Investments.
They have operations across 47 countries located in Europe, the Americas, Southern Africa, Asia, and Australia. As of December 31, 2014, the company’s revenue was close to 21.49 billion and R&D investments were close to 63.1 million. The company employs close to 118,209 people.
Some of its key subsidiaries include AB Agri, AB Calsa, AB Enzymes, AB Food & Beverages Australia, AB Mauri (Canada), AB Mauri Vietnam, ABNA Feed (Liaoning), and AB (Harbin) Food Ingredients.
JDE
JDE was founded in 2015 and is headquartered in Amsterdam, the Netherlands. JDE is a coffee and tea company that caters to consumers in over 80 countries. On July 2, 2015, Mondelēz International (a snacks manufacturing company) and D.E. Master Blenders 1753 (a tea and coffee company) combined their respective coffee businesses to form JDE. Mondelēz International has 44% share, and D.E. Master Blenders 1753 has 56% share in JDE. As of 2015, the company’s revenue was more than USD 5.58 billion.
The company provides a broad range of coffee machines including espresso machines, instant coffee machines, and Cafitesse brewing systems. It also provides solutions (specialist equipment) for traditional filter coffee brewing.
Some of the other brands that the company offers include Bach, Café Do Ponto, Chat Noir, Caboclo, Damasco, Grand Mere, Harris, Jacques Varbe, Maison Du Café, Marcilla, Maxwell House, Natreen, Palheta, Pickwick, and Saimaza.
Nestlé
The company was established in 1866 and is headquartered in Vevey, Switzerland. Nestlé, along with its subsidiaries, develops, produces, markets, and sells food and beverages globally. The company operates in 197 countries worldwide.
As of December 2014, they employed close to 339,000 people and their net revenue for FY2014 was close to USD 100.2 billion. The company sells its products under numerous brands globally, including Nescafé, Nestea, Milo, Boosts, Maggi, Nestum, Cerelac, Lactogen, KitKat, Herta, Nido, Vittel, Dreyers, and Nesquick.
Strauss Group
Strauss Group was incorporated in 1933 and is headquartered in Petach Tikva, Israel. They are a food and beverage company who offer dairy, coffee, water, chocolate and confectionery, olive oil, pasta, dips and spreads, honey, salty snacks, fresh vegetables, and cereals.
Strauss operates through 30 production facilities in over 20 countries. As of December 2014, the company had close to 13,957 employees. The coffee segment of the company operates through the company’s subsidiary, Strauss Coffee that procures green coffee. The coffee is available in different forms roast and ground, instant, RTD, espresso, cappuccino, and ice coffee. These are prepared in different ways such as filtered, pressed, percolated, and boiled. It also offers hot beverage powders such as cappuccino and chocolate powders, pudding powders, and cocoa powders for baking.
Tata Global Beverages
Tata Global Beverage (TGB) was established in 1962 and is headquartered in West Bengal, India. It is an integrated beverage business that offers tea, coffee, and water.
They sell their products under Tata Tea, Eight O’Clock Coffee, Tetley, Jemča, Vitax, Himalayan, Grand Coffee, and Joekels brand names. As of March 2015, TGB had more than 3,000 employees worldwide.
Approximately 50 new blends are produced every year; in FY2015, the new Tetley Super Green range (new green range for the US) and a Tata Tea black tea (a range for Canada) were introduced.
Unilever Group
The Unilever Group was established in 1929 and is headquartered in London, UK. They provide food, beverages, cleaning agents, and personal care products. In FY2014, there were 172,471 employees and the total revenue was close to USD 64.39 billion.
In FY2014, the food segment accounted for 25.52% of market share. They offer soups, bouillons, mayonnaise, sauces, snacks, salad dressings, margarines, and spreads. The company provides products under the brands Knorr, Hellmann’s, and Family Goodness (Rama/Blue Band). In FY2014, the company’s refreshment segment accounted for close to18.94% of market share.
