According to the latest report by IMARC Group, title “Instant Coffee Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global instant coffee market size reached US$ 12.7 Billion in 2021. Looking forward, the market value is projected to reach US$ 17.3 Billion by 2027, at a CAGR of 5.4% during 2022-2027.
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.
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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.
Instant Coffee Market 2022-2027 Competitive Analysis and Segmentation:
Market Breakup by Product Type:
- Spray Dried
- Freeze Dried
Market Breakup by Packaging:
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- North America
- Latin America
- Middle East and Africa
- Starbucks Corporation
- Matthew Algie & Company Ltd.
- Kraft Foods Inc.
- Tata Consumer Products Limited
- Strauss Group Ltd.
- Jacobs Douwe Egberts
- Tchibo Coffee International Ltd.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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