Instant Coffee Market is expected to grow at 5.64% CAGR during the forecast period 2019-2025
Published | 03 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”
At
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.
Get Help
Related Report
Relevant Press Releases
- Europe Mountain Bike Market to Witness Astonishing Growth: Expected to Reach USD 10,446.2 million in 2027
- Global Payroll & HR Solutions & Services Market is Booming: Projected to Reach USD 37.2 Billion by 2027
- Increment in demand of high rotating speed and high connection accuracy & rigidity machine tools in automobile industry will fuel the Machine Tool Bearing Market
- Wireless Router Market is expected to grow at 7.9% CAGR during the forecast period 2019 to 2025
- Global Retail Ice-cream Market to witness a surge in its valuation with a CAGR by 2027