A new market study, titled “Discover Global RTD Coffee Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Introduction
The brewed drink that has been prepared from the roasted beans of Coffee that are emergence of the seeds of the berries of some of the certain coffee species. Coffee is a natural product of Africa and primarily has its roots in Comoros, Mauritius, and Madagascar. The color of the Coffee is very dark and is bitter in taste.
Coffee has a slightly acidic characteristic and is capable of stimulating humans due to the presence of caffeine in its content. Coffee is the most popular drink in the world and is prepared and served in an infinite number of ways that include the French press and the espresso. Although the product is served in the hotter state, its variant of iced Coffee is also much popular globally. Some of the researches show that the consumption of Coffee can be thoroughly beneficial for health.
The coffee industry has recently experienced fast growth in the segment of the Ready to Drink Coffee or commonly known as the RTD Coffee Market. It is the fastest-growing non-alcoholic beverage category in the market.
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Market Segmentation of Global RTD Coffee Market
The Global Market of the RTD Coffee Market has been categorized depending upon their availability, which includes,
Foodservice – The catering industry that deals with the companies that are responsible for preparing the meal outside the home are termed as the food services industry. The foodservice industry includes restaurants, catering operations, medical cafeterias, schools that have the facility for meals, and various other formats. Each of these formats has availability in common of the stocks of the RTD coffee.
Convenience Shop – It is that retail business that has a large number of stocks of a variety of items that includes the grocery, the sanitary products, and food products that consists of the Coffee in it.
Major Geographical Regions of the Global RTD Coffee Market.
Based on the region, the Global Market of the RTD Coffee Market includes Canada and the United States of America, from North America. United Kingdom, Russia, France, Germany, Poland, Spain, and Italy from Europe. India, China, Indonesia, Japan, Singapore, Thailand, South Korea, Malaysia, Vietnam, the Philippines, and Australia from Asia-Pacific. Mexico, Colombia, and Brazil from Central & South America. And Egypt, South Africa, Turkey, Saudi Arabia, United Arab Emirates, and GCC Countries from the Middle East & Africa.
Industry Insights
The RTD Coffee Market size is said to have encountered revenue of 19.05 Billion USD in the year 2017. The expected growth of the Global RTD Coffee Market has been estimated to grow to a motivating figure of 36.60 Billion USD by the end of the year 2025. The Compound Annual Growth Rate (CAGR) has been projected more than its value of 8.5% per annum. The Global RTD Coffee Market was observed to be growing at a higher positive side in the year 2017. In the market study of the current topic, the base year has been considered as 2017. And the forecast period has been predicted as 2018 to 2025 for the estimation of the global market of RTD Coffee.
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