Future Outlook of Coffee Market Poised to Achieve CAGR of 5.5% by 2023 – Analysis by Global Key Players - Eight O' Clock Coffee, Jacobs Douwe Egberts, Kraft Heinz, Starbucks, Nestle SA, Unilever, Coffee Beanery

Marketprognosis.com Publish a New Market Research Report On “Global Coffee Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Coffee Market:

The Global Coffee Market is expected to witness a 5.5% CAGR, during the forecast period (2018 - 2023). Coffee is the highest consumed beverage in developed countries, such as the United States and European countries. The coffee-producing nations are increasing their domestic consumption. China, Panama, Kenya, Senegal and the United States are considered the highest potential markets in the coming years.

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About 44% of the United States coffee demand comes from the millennials. In eight years, through 2016, the daily consumption among 18 to 24-year-olds increased to 48% from 34% while, it is increased to 60% from 51% among the population aged 25 to 39 years, as reported by the National Coffee Association in New York. Moreover, adults aged 60 years and above witnessed a decrease to 64% from 76 %, including the 40 to 59 age group. Cafu00e9 culture in developing countries like China and India is becoming a fashion symbol and is driving the coffee consumption globally.

Based on source type, the global coffee market has been segmented into arabica, robusta and liberica. The arabica holds the highest share of 70% in the market, while robusta and liberica hold about 27% and 3%, respectively. Based on product type, the market is segmented into whole-bean, powder, instant coffee, others. Further, based on flavor, the market is categorized into flavor and non-flavor. Furthermore, the flavor is segmented into vanilla, caramel, Irish cream, hazelnut and others. The caffeinated and decaffeinated are the two segments, divided based on the processing.

Asia-Pacific is the fastest growing market. China and India, with their growing number of large middle-class young professionals and consumer base, are witnessing high coffee consumption. However, while these emerging markets are increasing, owing to the rising disposable incomes, there are few importing countries that are offering a potential for expansion, due to low per capita consumption. Europe holds the highest share in the global coffee market, followed by North America. These regions depend mainly on imports to meet the growing demand, as the harsh climatic conditions restrict coffee cultivation. New markets, such as Ukraine and Russia, are witnessing a sharp rebound in the consumption level. Several Middle Eastern countries having higher disposable incomes are also predicted to offer good prospects for growth in the short-to-medium term period.

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Major Key Players:

1 Eight O' Clock Coffee

2 J. M. Smucker Company

3 Jacobs Douwe Egberts

4 Kraft Heinz Inc.

5 Starbucks Corporation

6 Nestle S.A.

7 Unilever

8 Ajinomoto General Foods, Inc.

9 Bewley's, Caffe Nero

10 Coffee Beanery and More……………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Coffee Market.

Table of Contents:

1 Introduction

2 Coffee Market Overview

3 Coffee Market Overview

4 Coffee Market Segmentation

5 Competitive Landscape

6 Company Profiles

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This release was published on openPR.