In 2023, the Moroccan economy was negatively impacted by rising inflation, high unemployment levels and lower disposable incomes, leading to a slowdown in retail volume sales. The prices of raw materials and consumer goods, particularly energy, reached historic highs.
The economic downturn and diminishing disposable income slowed sales of hot drinks in 2023. As consumers became more price-conscious, they reduced purchases of non-necessary hot drinks, such as malt-based hot drinks and chocolate-based flavoured powder drinks.
With the presence of more than 250 brands, Tea is a fragmented competitive landscape in Morocco.
Small local grocers' popularity increased during the review period. Traditional grocery retailers' popularity stems from services not available in modern retailing channels; access to credit, proximity to customers and the ability to buy in smaller quantities.
Having recovered slightly during 2022, on-trade volume sales of soft drinks continued to grow steeply in 2023. As the restrictions on movement was eased, foodservice outlets began to operate delivery and takeaway services, while tourism rose.
Economic difficulties, increased unemployment and decreased household incomes will lead to further price-sensitive behaviour over the early part of the forecast period. As such, many Moroccans will continue to prioritise appealing offers and discounts, cutting down their spending on non-essential drinks, such as chocolate-based flavoured powder drinks, or shift to cheaper domestic brands or private label alternatives.
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Understand the latest market trends and future growth opportunities for the Hot Drinks industry in Morocco 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Hot Drinks industry in Morocco, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Hot Drinks
This report originates from Passport, our Hot Drinks research and analysis database.
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