Other hot drinks will continue to face challenges over the forecast period, with retail volume sales set to remain flat, driving a pressing need for innovation to unlock growth potential. The maturity of other hot drinks limits growth potential, especially given the high sugar and calorie content of malt-based and chocolate-based options.
The future of chocolate-based flavoured powder drinks will be increasingly influenced by the unprecedented rise in global cocoa prices, driven by supply chain shortages due to poor harvests in major cocoa-producing regions. Climate change has played a significant role in negatively affecting cocoa harvests, particularly in West Africa, which produces a substantial share of the world's cocoa supply, in return, negatively affecting products produced with cacao.
In the short term, foodservice players are poised to be a primary focus for other hot drinks in Hong Kong, particularly as brands look to capitalise on the nostalgic appeal of childhood favourites. With an influx of tourists to Hong Kong, there is a unique opportunity to attract greater foot traffic by offering drinks that are deeply rooted in the city’s local restaurant culture.
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Understand the latest market trends and future growth opportunities for the Other Hot Drinks industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Other Hot Drinks industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Other Hot Drinks
This is the aggregation of Flavoured Powder Drinks and Other Plant-based Powder Drinks. Products can be served hot or cold, and can be mixed with water, milk, or other liquids. Bottled, ready-to-drink flavoured milk drinks are NOT included here and are included in Passport Packaged Food.
See All of Our DefinitionsThis report originates from Passport, our Other Hot Drinks research and analysis database.
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