DUBLIN--(BUSINESS WIRE)--The "Global Coffee Market - Growth, Trends and Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.
The global market value of coffee is expected to witness a 5% CAGR growth during the forecast period.
Coffee is the highest consumed beverage in developed countries, such as the United States and European countries. It is the second most traded commodity, after oil, in the world. It is produced almost exclusively in the developing world, which includes about 17 least developed countries. The coffee-producing nations are increasing their domestic consumption. China, Panama, Kenya, Senegal and the United States are considered the highest potential markets in the coming years.
The people aged between 19 and 34 years account for the highest coffee consumption. About 44% of the United States coffee demand comes from the millennials. In eight years, through 2016, the daily consumption among 18 to 24-year-olds increased to 48% from 34% while, it increased to 60% from 51% among the population aged 25 to 39 years, as reported by the National Coffee Association in New York.
Moreover, adults aged 60 years and above witnessed a decrease to 64% from 76 %, including the 40 to 59 age group. The advancing caf culture and is becoming a fashion symbol and is driving the coffee consumption. Further, other factors such as the availability of wide-range of coffee type, flavors and brewing styles, rising urbanization & disposable incomes and increasing number of food outlets, retail stores and cafes are driving the global coffee market growth. However, the price fluctuation of coffee beans and climate change, leading to supply shortage, are restraining in the market.
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Key Topics Covered:
2. Market Overview
3. Market Dynamics
5. Competitive Landscape
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/c72mhd/global_coffee