Coffee Market: Global Industry Analysis and Forecast (2022-2028)

Coffee Market: Global Industry Analysis and Forecast (2022-2028)

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Coffee is one of the largest exported agricultural products, supporting millions of coffee plantations and coffee bean roasters. Coffee has become popular in the young population in the last decade with substantial disposable income and a higher standard of living pushed the premium coffee consumption. Arabica and Robusta are two major types of plants used to make different sub-branches of coffee beans with different palette notes, flavors, and caffeine content. Brazil is the world's largest producer of premium Arabica coffee and Vietnam is the world's largest producer of Robusta coffee.

Global Coffee Market was valued at USD 120.48 billion in 2021 and is expected to reach USD 166.39 billion by the year 2028, at a CAGR of 4.72%.

Organic coffee is healthy and gaining popularity due to increasing concerns regarding the origin and quality of the ingredients that are used in the preparation of food products. Coffee products with Fairtrade labels or certifications opt over uncertified ones since these labels and certifications support in creating trust among consumers.  For several buyers and retailers in Europe, a certification is no longer an option, but a requirement. Additionally, consumers are demanding traceability in the value chain, which resulted in the growth of direct trade between manufacturers and European roasters.

Competitive Landscape and Coffee Market Share Analysis

The Coffee market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the Coffee market.

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Players Covered In Coffee Market Are:

·         Nestle SA

·         JAB Holding Company

·         The Kraft Heinz Company

·         Strauss Group Ltd

·         Starbucks Coffee Company

·         The J.M. Smucker Company

·         Luigi Lavazza SPA

·         The Coca-Cola Company

·         Tata Global Beverages

·         Tchibo GmbH and other major players.

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Covid-19 Impact and Recovery Analysis on Industry:

COVID-19 outbreak, companies like Nestle observed significant growth in the instant coffee business across the globe, which changed the market dynamics. Brazil and Vietnam account for the highest production of coffee, in terms of volume, owing to suitable coffee growing conditions. The market is driven by multiple factors. The growing surge for certified coffee products, acceptance of single-serve coffee brew systems by consumers, and constant innovation led by top players in the coffee market are some of them. However, changing weather conditions are impacting coffee production negatively.

Market Segmentation:

By Product Type      

·         Whole Bean Coffee

·         Ground Coffee

·         Instant Coffee

·         Coffee Pods

·         Capsules

By Distribution Channel

·         On Trade

·         Off Trade

Key Benefits for Industry Participants & Stakeholders:

·         Industry drivers, restraints, and opportunities covered in the study

·         Neutral perspective on the market performance

·         Recent industry trends and developments

·         Competitive landscape & strategies of key players

·         Potential & niche segments and regions exhibiting promising growth covered

·         Historical, current, and projected market size, in terms of value

·         In-depth analysis of the Coffee Market

Coffee Market Report contains market data from 2022 to 2028, which provides an overview of the market covering key drivers and risk factors. The report is segmented by top global manufacturers that mention sales, revenue and applicable prices. It also evaluates the competitive scenarios of key players. The report is expanded to include regional market data along with types and applications. This report forecasts sales and revenue from 2022 to 2028. Detailed sales channels are also covered in the study.

Key Industry Development In Coffee Market

·         In February 2020, Starbucks introduced ready-to-drink Starbucks Nitro Cold Bew cans in collaboration with PepsiCo Inc. The drinks are available in various varieties such as black, vanilla sweet cream, and dark caramel, and they are filled with nitrogen gas.

·         In November 2019, leading key player Luigi Lavazza SPA introduced total compostable coffee pods with packaging, design by the path. The company targeted to remove its entire range of aluminum capsules with new trends such as eco-friendly ones, by the end of the year with the same cost.

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