Press release
Instant Coffee Market Size, Share, Demand, Top Players and Forecast 2023-2028
How big is the instant coffee market?
The global instant coffee market size reached US$ 13.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.51% during 2023-2028.
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What is instant coffee?
Instant or soluble coffee refers to a beverage derived from dried coffee extracts that enables the consumers to prepare coffee quickly by just adding water to it. It is available in granulated, concentrated liquid and powered form in sachets or glass jars. Instant coffee has lower caffeine content than brewed coffee, however, it contains a high amount of antioxidants. The consumption of instant coffee offers similar health benefits to brewed coffee, such as enhancing brain function, boosting metabolism, improving liver and mental health, etc.
What are the growth prospects and trends in the instant coffee industry?
In recent years, the instant coffee manufacturers have introduced organic coffee as well as several new flavours. Along with this, they are using advanced technologies for producing higher quality coffee, thereby, boosting the demand for instant coffee globally. Additionally, as instant coffee accords convenience to the consumers to prepare coffee in less time, it has catalysed the growth of the market worldwide. Moreover, single-serve packaging formats are rapidly gaining popularity due to increasing focus on convenience and health-consciousness. This is anticipated to provide a positive impact to the market growth. Some of the other factors fuelling the global instant coffee market include rising urbanisation, premiumisation, affordability and longer shelf life. However, the usage of acrylamide in instant coffee has been associated with a number of adverse health effects which, in turn, is hampering the global instant coffee market.
Who are the key players operating in the industry?
The report covers the major market players including:
Nestle
Starbucks Corporation
Matthew Algie & Company Ltd.
Kraft Foods Inc.
Tata Consumer Products Limited
Strauss Group Ltd.
Jacobs Douwe Egberts
Tchibo Coffee International Ltd.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
Spray Dried
Freeze Dried
Breakup by Packaging:
Jar
Pouch
Sachet
Others
Breakup by Distribution Channel:
Business-To-Business
Supermarkets and Hypermarkets
Convenience Stores
Online
Others
Breakup by Region:
Europe
Asia-Pacific
North America
Latin America
Middle East and Africa
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Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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