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The hot drink market size is forecast to increase by USD 62.62 billion, at a CAGR of 5.34% between 2023 and 2028.
The APAC market experiences growth propelled by rising consumption of hot drinks with growing global demand and adoption of tea and coffee, influenced by changing consumer preferences, urbanization, and the expanding middle-class income and population. Ajinomoto Co. Inc. contributes to this trend by providing hot drink products like Blendy 3 in 1 powdered drinks, featuring a combination of coffee and masala chai.
The market shows an Accelerate CAGR during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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