Press release
Caffeinated Roasted Coffee Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | Nestle SA, The J.M. Smucker Company, Luigi Lavazza SPA, Starbucks Corporation, JDE Peets NV
Caffeinated Roasted Coffee Global Market Report 2024
As per the report, the caffeinated roasted coffee market size has grown strongly in recent years. It will grow from $34.79 billion in 2023 to $37.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The caffeinated roasted coffee market size is expected to see strong growth in the next few years. It will grow to $48.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
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Millennial Momentum Propelling The Caffeinated Roasted Coffee Market
The growing popularity of coffee among millennials is propelling the growth of the caffeinated roasted coffee market. Millennials are the demographic cohort generally defined as individuals whose age group is of 25-39 years. Millennial coffee consumption is shaped by various factors, including a preference for alternative health options, demand for better quality coffee offerings, and convenience, ultimately contributing to the growth of coffee consumption. For instance, in 2021, according to the National Coffee Data Trends (NCDT) Fall Report published by the National Coffee Association, a US-based non-profit membership-based organization, there was a substantial rise in coffee consumption among the younger demographic, particularly among the millennials, with 65% of the total coffee consumption in 2021, while 49% of 25-to-39-year-olds increased the consumption of specialty coffee, driving sales in the specialty coffee segment. Therefore, the growing popularity of coffee among millennials is driving the growth of the caffeinated roasted coffee market.
Bellwether Coffee Unveils Series 2 Automated Roasting System Revolutionizing The Caffeinated Roasted Coffee Market
Technological advancements are a key trend gaining popularity in the caffeinated roasted coffee market. Major companies operating in the caffeinated roasted coffee market are introducing new technologies to develop innovative products to sustain in the market. For instance, in February 2022, Bellwether Coffee, a US-based coffee roasting tech company, launched its next-generation automated coffee roasting system. The Series 2 Bellwether Automated Roasting System, which includes new zero-emission technology, produces artisan-quality results without the use of gas lines or ventilation. It's efficient and user-friendly, with 50% more roasting capacity, a 24-inch touchscreen, and an online marketplace.
The caffeinated roasted coffee market covered in this report is segmented -
1) By Type: Arabica, Robusta
2) By Distribution Channel: Offline, Online
3) By Application: Cafes And Bars, Hotel And Restaurants, Other Applications
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Major companies operating in the caffeinated roasted coffee market report are Nestle SA, The J.M. Smucker Company, Luigi Lavazza SPA, Starbucks Corporation, JDE Peets NV, Massimo Zanetti Beverage Group SpA, Strauss Coffee BV, Ajinomoto AGF Inc., Bewleys Limited, Keurig Green Mountain Inc., Fresh Roasted Coffee LLC, Heinz Company Brands LLC, Graffeo Coffee Roasting, UCC Ueshima Coffee Co. Ltd., Folger Coffee Company, Dunkin' Brands Group Inc., Lavazza SpA, Tchibo GmbH, Eight O'Clock Coffee Company, Melitta Group Management GmbH & Co. KG, Tata Global Beverages Limited, Peet's Coffee & Tea Inc., Coffee Beanery Ltd., Coffee Holding Co. Inc., Farmer Bros. Co., Tres Coracoes Alimentos S.A., Trung Nguyen Group Corp., Coffee Day Enterprises Limited, The Kraft Heinz Company, Ethiopian Coffee and Tea Authority .
Contents of the report:
1. Executive Summary
2. Caffeinated Roasted Coffee Market Report Structure
3. Caffeinated Roasted Coffee Market Trends And Strategies
4. Caffeinated Roasted Coffee Market - Macro Economic Scenario
5. Caffeinated Roasted Coffee Market Size And Growth
…..
27. Caffeinated Roasted Coffee Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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