12th December,
2018- Coffee
Market is anticipated to witness an exponential growth in the
forecast period. Coffee is an organic and natural caffeine beverage, prepared
by adding coffee beans (soluble or roast & ground and green beans) with
either hot or cold water in a coffee maker. The factors that propel the growth
of the market include increasing demand, rapid urbanization &
industrialization and technological innovations. The other driving factors
include improving standard of living, longer shelf life of coffee, easy
availability, ease of preparation, and rise in the number of working
population.
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The market is anticipated to
grow at a significant CAGR in the upcoming period as the scope, product types,
and its applications are increasing across the globe. Key trends of coffee
market include rising preference of gourmet coffee in the Americas, increasing
penetration of premium coffee shops, and rising demand of green coffee in
developing countries.
The market may be explored by
product type, application, source type, flavors, processing type and geography.
Market may be explored by product type as soluble coffee, roasted coffee and
coffee pods. Based on application, the market may be classified as coffee
shops, household, and others. The “coffee shops” segment led the coffee market
in 2017 and will continue to lead in the forecast period. The key factor that
may attributed to the growth of market includes growing restaurant business.
Based on source type, the
market may be classified as Robusta arabica, and liberica. The “arabica”
segment led the coffee market in 2017 and will continue to lead in the forecast
period. The key factor that may attributed to the growth of market includes
high demand. The market may be explored by flavors into vanilla, caramel, Irish
cream, hazelnut and others. Market may be explored by processing type as
caffeinated and decaffeinated.
Some of the key players that
fuel the growth of the coffee market comprise Starbucks, J.M. Smucker, Keurig
Green Mountain, Kraft, Nestle, Massimo Zanetti, Dunkin, Caribou Coffee,
Community Coffee, Peet's Coffee & Tea and Reily Foods. The leading companies
are taking up partnerships, mergers and acquisitions, and joint ventures in
order to boost the inorganic growth of the industry.
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