Instant Coffee Market is expected to grow at 5.64% CAGR during the forecast period 2019-2025
Published | April 2019
According to BlueWeave Consulting, the Global Instant Coffee Market is anticipated to worth USD 51987 million by 2018, with a CAGR of 5.64% during 2019-2025. The growing awareness regarding the health benefits and growing concern towards obesity and other health problems, the demand for functional beverages such as ready-to-drink (RTD) coffee is recently gaining popularity worldwide.
Because of its low-calorie content, there are increasing chances of bolstering the adoption of ready-to-drink coffee in the near future. When it comes to flavors, instant coffee consumption differs from one country to another. Additionally, coffee has anti-cancer properties, coffee is linked to lower rates of colon, liver, breast, and rectal cancers, increasing population, changing lifestyle are the factors boosting the demand for the global instant coffee market.
The growing popularity of convenience options has driven the rise in the consumer preferences for instant coffee, all while keeping the product offerings fresh and unique to grab more consumers. The growing disposable income of the people is enhancing their capability of spending on preferred instant beverages, which is propelling the growth of the global instant coffee market. Shifting work culture, specifically in the corporate industry, along with enhancing living standards, is further expected to boost the demand in the global market.
Browse Detailed Analysis with TOC, “Global Instant Coffee Market by Packaging (Jar, Pouch, and Sachet), by Coffee Type (Spray Dried and Freeze Dried), by Distribution Channel (Retail Stores, Specialty Stores, and Online), by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Price Trend Analysis, Competitive Market Share and Forecast, 2015-2025”
Coffee Pouches segment accounts for the lion’s market share of the global instant coffee market during the forecast period.
With the growing shift of key makers towards sustainable packaging, the global coffee packaging market by flexible pouches segment is expected to witness massive growth during the forecast period. The higher shelf life of instant coffee owing to powdered texture is propelling the growth of the global instant coffee market. As single-serve packets are more affordable and provide convenience to the consumers, they are experiencing strong demand in homes, cafés, hotels, and restaurants. Moreover, with the growing preferences of instant coffee over other beverages among the consumers, the instant coffee manufacturers have launched several flavored products to attract a wider set of audience and impact the instant coffee market globally.
Asia-Pacific is the fastest-growing region of the global instant coffee market during the forecast period.
Geographically, Europe dominated the overall instant coffee industry and projected to lead the market over the forecast period due to high demand from countries like Poland, Bulgaria, and Russia. Europe has an age-old tradition of coffee-drinking; there is a high demand for instant coffee products in the region. Asia-Pacific is projected to have healthy growth throughout the forecast period. Additionally, increasing the working class in emerging countries such as China, India, has a positive impact on the growth of the market in the Asia Pacific region.
Global Instant Coffee Market: Competitive Landscape
Companies such as Nestlé S.A., Jacobs Douwe Egberts, Starbucks Corp., Tata Global Beverages, Unilever Plc., Keurig Green Mountain Inc., Alpine Start Inc., Tchibo Coffee International Ltd, Luigi Lavazza S.p.A., The J.M. Smucker Company, Strauss Holdings Ltd., and Matthew Algie & Company Limited are the leading players of instant coffee market across the globe.