PRN: Instant Coffee Market Revenue is Expected to Reach USD 42.50 Billion by 2025; Retail Stores to Remain Most Preferred Distribution Channel, States TMR
Instant Coffee Market Revenue is Expected to Reach USD 42.50 Billion by 2025; Retail Stores to Remain Most Preferred Distribution Channel, States TMR
ALBANY, New York, March 17, 2017 /PRNewswire/ --
According to a new market report published by Transparency Market Research "Instant Coffee Market By Distribution Channel (B2B and Retail) By Packaging Type (Jars and Sachets) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017- 2025", the global instant coffee market revenue was valued at USD 28.12 billion in 2016 and is expected to reach USD 42.50 billion by 2025, growing at a CAGR of 4.8% from 2017 to 2025.
Instant coffee has gained popularity in the market specifically due to the convenience that it provides to the drinkers on different scales. This beverage is acknowledged to offer consumers an advantage in terms of time since the preparation of instant coffee is faster and easier, when compared to regular coffee. Moreover, the availability of instant coffee across different channels has contributed to its rising popularity among consumers. The price of instant coffee is moderately cheaper and can also be consumed on the go.
Additionally, the consumption of coffee over tea in regions like North America, Europe, and Asia Pacific is fuelling the demand for instant coffee in the global market. The market for instant coffee witnessed a surge since its inception due to its convenience. Millennials have been conscientious shoppers throughout and they prefer quality rather than quantity. The decline in demand for aerated drinks in the global market has escalated the demand for coffee.
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Globally, the purchasing power of individuals is increasing, especially in Europe, North America., and Asia Pacific, where people are more socially inclined and mobile than before. Earlier, coffee drinking was a private affair confined to the home. This has shifted to enjoying the experience in public venues. Millennials are driving the generation where they are changing the meaning of value. Value is not only about the price they are paying; the generation demands a drink that will suit their lifestyle and match their fast-paced life
On the basis of distribution channel instant coffee categorized into: B2B and retail stores. The B2B segment is further bifurcated into hotels, and restaurants, among others and the retail segment is bifurcated into online and offline channels. The offline channel is further segmented into departmental stores and supermarkets & hypermarkets among others the retail segment accounted for the largest market share in 2016 due to its easy convenience, presence of international brands, discounts and offers from the manufacturers directly. Individuals in tea consuming nations do not prefer using coffee machines at home to ground the whole bean coffee and find it convenient and easier to buy the instant coffee jars and sachets and prepare it at home. Instant coffee is widely available in almost all types of shops and is priced on the lower end as well.
Based on packaging type, the instant coffee market has been segmented into jars and sachets. Jars are a type of packaging used by instant coffee manufacturers to hold the ingredient in a tightly sealed pack in order to store the aroma and taste of the instant coffee. Jars vary in their capacity of storage and are available either in glass bottles or plastic bottles. Sachets are another type of packaging that is usually for one time use of the product. Instant coffee sachets find major application in hotels, commercial and industrial areas and sometimes even for household purposes. It allows to store the aroma and taste and are easy to carry.
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Based on geography, the market is segmented into North America, Western Europe, Rest of Europe, Asia Pacific, Middle East and Africa and Latin America. The study also covers major countries in all the regions such as The U.S in North America; In Western Europe covered U.K, Germany, France, and Netherland among Rest of Western Europe. Rest of Europe covered Russia, Poland, Bulgaria and Others. Additionally, India, Japan, China and Rest of Asia Pacific covered under Asia Pacific, in Latin America instant coffee market covered Brazil and Rest of Latin America, and U.A.E and South Africa is Middle East and Africa among others. Asia Pacific with the presence of large number of manufacturing utilities and upcoming technological developments is expected to drive positive impact on the demand for instant coffee market. India, Japan and China among others are some of the major countries fueling the demand for instant coffee in the Asia Pacific. H! owever, owing to high market penetration Mid dle East and Africa is expected to experience a significant growth during the forecast period.
Major market participants profiled in this report Nestle S.A. (Vevey, Switzerland), Starbucks Corporation. (Seattle, Washington, U.S), Jacobs Douwe Egberts (DK Amsterdam,Netherlands), Strauss Group Ltd. (Petah Tikva, Israel), Matthew Algie & Company Ltd (London, U.K), The Kraft Heinz Company (Illinois, U.S.), Tata Global Beverages (Kolkata, West Bengal), Tchibo Coffee (Hamburg,Germany), Keurig Green Mountain.(Vermont, U.S.) and Unilever Plc. (London, U.K.) among others.
Global Instant Coffee market can be segmented as follows;-
Global Instant Coffee Market, by Distribution ChannelÂ
Global Instant Coffee Market, by Packaging Type
Global Instant Coffee Market, by Geography
- North AmericaÂ
- Western EuropeÂ
- Rest of EuropeÂ
- Asia Pacific Â
- Middle East and AfricaÂ
- Latin AmericaÂ
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