March 15, 2021
According to the report titled ‘Global Coffee Market - Analysis By Coffee Beans, Distribution Channel, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report, global coffee market size reach USD 465.9 billion in 2020 and is expected to expand at a healthy growth rate through 2026.
Global coffee market is chiefly driven by spike in the number of buyers demanding certified coffee products. Moreover, shifting preference from caffeinated soluble or instant coffee to expressos among the growing health conscious population to cut unhealthy and sugar content in conventional caffeinated drinks is rendering a positive impact on the industry outlook.
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Further, higher per capita consumption, presence of a strong café culture, and rising inclination towards premium coffee among the populace in Europe act as major growth propellants for the overall industry growth, claims the study.
Based on coffee bean segment, roasted arabica is pulling the global coffee market share from robusta. The strong product demand is creditable to the sweet, soft taste, and low acidity level properties.
Considering the product landscape, the industry is fragmented into soluble or instant coffee, coffee pod and capsules, ready to drink, and whole beans. Among these, soluble or instant coffee segment accounted for the largest industry share in the recent past owing to quality, proficiency, and versatility in a serving of espresso.
Elaborating on the distribution channel, offline segment, comprising of convenience stores, supermarkets, cafes, and local coffee shops, holds majority of global coffee market share.
Frame a geographical perspective, Americas coffee industry is expected to gain considerable traction in the forthcoming years. This can be ascribed to increasing coffee consumption owing to rise in the number of coffee machine installations, single brewing systems, and growing number of coffee bars, especially across the U.S. Moreover, developing coffee shop culture and escalating demand for fresh-ground coffee pods and capsules among the populace is complementing the industry outlook.
Furthermore, Asia Pacific market is poised to grow significantly on account of factors such as rising income levels, growing coffee culture, increasing establishment of cafes, and augmented demand for premium coffee.
Key players profiled in global coffee market report are Trung Nguyên, Luigi Lavazza S.p.A., AMT Coffee, JDE Peet's N.V., F. Gavina & Sons, Inc., Keurig Dr Pepper, Inc., Starbucks Corp., The Kraft Heinz Company, The J.M. Smucker Company, and Nestlé S.A.