Instant Coffee Market Share Forecast 2022-28
The research report “Instant Coffee Market: by Packaging Type (Sachets, Pouch, Jars, and Others), By Distribution Channel (Online stores, Departmental Stores, Supermarkets and Hypermarkets, and B2B Sales), and Geography- Global/Region/Country Forecast to 2028.” The global instant coffee market size was valued at USD 9.5 Bn in the year 2021, witnessing at a CAGR rate of 5.2 percent during the evaluation time span 2022-2028.
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Fast and easy
preparation of coffee is expected to impel the Instant Coffee Market Growth
Using freeze-drying and spray-drying methods, instant
coffee is manufactured. It is made from coffee beans. It is a soluble coffee
powder or coffee. Lower volume than coffee beans, lower shipping weight and
longer shelf life are a few of the major benefits of instant coffee. Industry
trends are evolving in the market, which will help players to develop long-term
and effective strategies. Both the emerging as well as established markets have
followed business growth techniques.
Fast and easy coffee preparation and high content of
antioxidants present in the instant coffee are the major elements anticipated
to boost the instant coffee market growth. Furthermore, increasing installation
of instant coffee means at retail shops, restaurants and hotels, growing demand
for coffee because of the hectic lifestyle and low price of instant coffee are
the factors projected to upsurge the market revenue. On the other hand, high
use of acrylamide in instant coffee and lack of fresh coffee feel can hinder
the market growth.
North America
accounted for major share in the Instant Coffee Market
On the basis of geographical
analysis, global instant coffee market is categorized into major regions such
as Asia Pacific, Europe, North America, Latin America, Middle East and Africa. North
America instant coffee market growth is fuelled by the hectic lifestyle and the
growing adoption of instant coffee machines in Canada and U.S. are anticipated
to bolster the market. Europe market is also experiencing profitable growth,
which is attributed to the growing preference towards instant coffee because of
fast and easy preparation, increasing installation of instant coffee machines
in hotels, corporate offices and restaurants and is anticipated to impel the
market growth. On the other hand, Asia Pacific instant coffee market witnesses
significant share due to the discount offered by instant coffee suppliers, low
cost and growing preference for coffee over tea are expected to boost the
market over the forthcoming years.
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Competitive
Analysis - Instant Coffee Market
Major players working in the
instant coffee market are Jacobs Douwe Egberts (Netherlands), Keurig Green Mountain, Inc. (U.S.), Starbucks Corporation (U.S.), Strauss Group (Israel), Matthew Algie.(U.K), Kraft Foods Group, Inc. (U.S.) and Tchibo Coffee International Ltd.
(U.K). Key players in the market hugely aim at following key strategies
including major collaborations, acquisitions and novel product launches to
strengthen their position in the market and increase their product portfolio.
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