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Costa Coffee raising prices of self-service hot drinks by up to 20%, citing 'inflationary pressures'

Fitch expects Mexico's nonalcoholic drinks spending to grow 8.4% year-over-year in 2022 before slowing to 6.7% in 2023; spending on coffee, teas, other hot drinks to show strongest growth in short/medium term, and carbonated drinks to show weakest growth

GlobalData predicts instant coffee to drive South Korea hot drinks market to US$5B in 2026, from US$3.5B in 2021, as employees return to workplaces; hot tea also gaining favor amid heightened health-consciousness in light of COVID, celebrity endorsements

GlobalData predicts Japan's on-premise consumption will propel nation's hot drinks market at 4.7% CAGR from US$20.9B in 2021 to US$29.7B in 2026; growth expected to be supported by demand for immunity-boosting drinks, such as black tea and herbal tea

Coffee Bean announces launch of its fall seasonal menu; new drinks include the Pumpkin Cream Cold Brew with a new Cream Cap, the Salted Toffee Ice Blended Drink, Salted Toffee Latte and the Salted Toffee Cold Brew Latte

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