Global Instant Coffee Market 2018-2022
About Instant Coffee
Instant coffee, also known as soluble coffee, is derived from brewed coffee beans and is available in powder, crystal, and concentrated liquid forms. The global instant coffee market is segmented into two products segments: spray-dried and freeze-dried.
Technavio’s analysts forecast the global instant coffee market to grow at a CAGR of 10.16% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global instant coffee market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Instant Coffee Market 2018-2022
Technavio recognizes the following companies as the key players in the global instant coffee market: JACOBS DOUWE EGBERTS, Nestlé, Starbucks, The J.M. Smucker Company, and The Kraft Heinz Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising population of millennials worldwide. With the growing consumption of new variants of instant coffee and other coffee-based flavored drinks by the millennials as compared to the older people, the adoption of instant coffee packets will be surging in the coming years.”
According to the report, one driver in the market is increasing number of new product launches. The increasing number of new product launches over the past decade has been a major driver of the global instant coffee market. Vendors are continually working on launching innovative products to attract customers.
Further, the report states that one challenge in the market is rising threat from substitute products. the growing popularity of other hot and cold beverages, such as roast and ground coffee, soft drinks, carbonated drinks, nutritional and energy drinks, green tea, iced tea, coffee pods, and cold coffee, has been a major challenge for the global instant coffee market for the last three decades.
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