Belgium Coffee Market Size, Share, Growth Analysis 2023

According to Precision Business Insights (PBI) latest report belgium coffee market was valued at USD 46.4 (000' Ton) in 2022, growing at a 4% CAGR during the forecast period 2023 to 2029. The Belgian coffee market is expanding rapidly as a result of the development of cafés and specialty coffee shops. In addition, the coffee industry in Belgium is seeing increasing online retailing activity, which is fueling the growth of the coffee market in Belgium. Furthermore, the market has seen a variety of innovation and product diversification, such as new coffee blends, flavoured coffees, and ready-to-drink coffee beverages, catering to a diverse range of tastes, which drives the coffee market while also creating enormous opportunities for further growth of the Belgium coffee market.

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The belgium coffee market is segmented based on product, consumption, distribution channel.
Based on the Product, the market is segmented into the following:
• Fresh Coffee
• Soluable or Instant Coffee

Based on the Consumption, the market is segmented into the following:
• In-Home
• Out-of-Home

Based on the Distribution Channel, the market is segmented into the following:
• Supermarket/ Hypermarket
• Specialty Stores
• Others

Out-of-home Segment is expected to dominate the Belgium coffee Market Belgium coffee market is segmented into in-home, out-of-home based on consumption. Among them, the out-of-home or away-from-home sector, which comprises coffee drink outside of the house, especially at cafés, coffee shops, restaurants, and other foodservice outlets, dominates the Belgian coffee market. Belgium has a strong coffee culture, and individuals frequently choose to drink coffee in social settings, therefore the out-of-home sector is a big driver of the coffee industry. Moreover, the in-home segment is also experiencing gradual growth owing to rising online retailing activity as well as incresing sales of packaged coffee, and coffee machines and accessories.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
Belgium coffee market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In June 2022, Green Day's Oakland Coffee Works has launched its new "Soundcheck Blend," a full bodied, medium-dark roast coffee. In April 2023, Starbucks launched new summer beverages, Belgium Chocolate Coffee Frappuccino blended beverage.

Key player's profiles in the belgium coffee market are Illy, Dowwe Egberts, Jacmotte, Emmi Group, Gerlinea, Delhaize, OR Coffee, Nescafe, Nestle, Starbucks, LUIGI LAVAZZA SPA, Lattitude 28, Rombouts, Cafe Liegeois

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