The report is titled ‘Coffee Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the coffee market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The coffee market is expected to grow at a significant rate in the near future.
The global coffee market was valued US$ 104.7 Bn at the end of 2020 and expected to reach at a value of US$ 163.1 Bn by 2028 with a significant CAGR of 5.7%.
In the present day and age, most people start their day with the cup of coffee and most of the time, it is also the last beverage consumed for the day for many people. It has been asserted that coffee has become an essential part of the daily lives of many people as it acts as a driving force for humans to develop and progress science, owing to an alerting and revitalizing effect it has on the human brain due to the presence of caffeine in it. For that reason, coffee is also considered as one of the most consumed beverages all around the world.
Coffee Market Dynamics
In the modern-day world, there has been a rapid development of coffee culture among the young generation, be it late night studying with a cup of coffee or long discussions with friends over coffee, which has made coffee a huge trend around the world. Attributing to which, coffee has witnessed a massive demand in the global markets, thereby the global coffee market is projected to grow substantially in the near future as well.
By the same token, the development of various coffee outlets, including Starbucks and CCDs along with the increasing urbanization and white collar demographic has also escalated the growth in demand of coffee across the globe exponentially. Owing to which, the global coffee market is estimated to witness major breakthroughs in the years to come.
Additionally, with time, the disposable income of the population has also taken a leap which further positively fuels the demand of coffee all over the world.
Moreover, along with the increased disposable income and shifting work culture, the standard of living of people has also been influenced which further boosts the demand of coffee in the global markets.
Furthermore, the advent of several different tastes of coffee such as Barista, CCD, and Starbucks has further provided the consumers an enriched customer experience scenario and thus, coffee gained immense traction around the world.
Coffee Market Segmentation
The global coffee market is segmented on the basis of product type, distribution, end-use and regions. On the basis of product type, the coffee market is segmented into Arabica, Robusta, Liberica, and Excelsa. On the basis of distribution, the market is categorized into supermarkets and hypermarkets, specialist retailers, convenience stores, and independent retailers. On the basis of end-user, the market is divided into soluble, roasted, speciality, and ready-to-drink.
The research report classifies the global coffee market based on product type, distribution, end-use and regions.
By Product Type
- Supermarkets and hypermarkets
- Specialist Retailers
- Convenience Stores
- Independent Retailers
By End User
- North America
- Latin America
- Asia Pacific
- Middle East
Coffee Market Key Players
The global coffee market is dominated by Nestle SA, Coca Cola, J.M. Smucker, Eight O’ Clock, AMT, Dulce Cafe, Lavazza, and Keurig Green Mountain, Tchibo, Kraft Heinz, Trung Nguyen, and Starbucks, among others.
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