Press release
Instant Coffee market Emerging Economies Expected To Influence Growth Until 2029 | Nestle S.A, Keurig Green Mountain Inc., Starbucks Corporation,
Instant coffee is coffee powder that is produced by coffee beans that have been brewed at a higher Coffee-to-Water ratio as compared to regular coffee. Instant coffee is coffee powder or soluble coffee made from coffee beans, which enables people to make a cup of coffee by just stirring instant coffee in hot water. Instant coffee is produced using the spray-drying and freeze-drying methods. Both methods preserve the quality, aroma, and flavor of the coffee. Some of the advantages of instant coffee are lower shipping weight and volume than coffee beans, and a longer shelf life.Factors such as growing food and beverages industry has led to increase in the number of restaurants and cafes which is a major driver for the growth of the global instant coffee market. According to India Brand Equity Foundation, the gross value added (GVA) by hotels and restaurants witnessed an annual increase in both absolute and relative terms from US$ 226.0 million in 2014 to US$ 241.0 million in 2017.
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Detailed Segmentation:
Global Instant coffee Market, By Product Type:
Agglomerated
Freeze Dried
Spray Dried
Global Instant coffee Market, By Trade:
Modern Trade
Regular Trade
Global Instant coffee Market, By Packaging Type:
Sachet & Pouches
Jars
Others (Bags, Cans, etc.)
Health benefits offered by coffee include enhanced brain function. Caffeine can improve brain function, increase metabolism, it helps to burn fat, and reduces disease risk. According to US National Library of Medicine National Institutes of Health, instant coffee can also reduce the risk of neurodegenerative diseases such as Alzheimer's and Parkinson's, type 2 diabetes, improve liver health by lowering risk of diseases such as cirrhosis and liver cancer.
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Convenience is the major factor propelling growth of the instant coffee market, as it is easy to prepare compared to fresh coffee. The fast paced lifestyles of consumers is fuelling demand for convenient food products like instant coffee, which in turn, is supporting the market growth. According to India Brand Equity Foundation, in 2015, there were 100 chain cafés and bakery brands, with an estimated 3,100 - 3,200 outlets serving coffee in various cities in India. Coffee chains in India are witnessing substantial growth and are expected to grow rapidly till 2020. This is a major driver that is expected to drive growth of the instant coffee market over the forecast period.
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