DUBLIN--(BUSINESS WIRE)--The "Functional Coffee Market-Segmented by Product Type (Whole-Bean, Ground Coffee and RTD Coffee), by Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global functional coffee market is expected to register at a CAGR of 5.3% during the forecast period.
The key factors which are promoting the growth of the functional coffee market are convenience and functionality. Although function aspect is difficult to achieve as consumers want coffee with functional benefits such as metabolism, alertness, aids in healthy skin or relaxation and probiotic, companies are trying to incorporate such benefits by fortifying the coffee with micronutrients. Consumers are looking for products formulated without preservatives or synthetic colors, as well as balanced aroma and taste connoisseurs expect from their coffee.
Asia-Pacific is the fastest growing region for sales of fortified/functional instant coffee with Indonesia, India and Vietnam being the fastest-growing functional coffee markets in the world. The market is driven by a surge in new coffee products. America is a developed coffee market, with United States being the leader in that region.
Developments in the Market
- US Based Baristas Coffee Company has expanded in to the functional beverage market with the release of its new product, Barista White Coffee.
Key Topics Covered
2. Functional Coffee Market Insights
3. Functional Coffee Market Dynamics
4. Functional Coffee Market Segmentation
5. Functional Coffee Regional Segmentation and Analysis
6. Functional Coffee Competitive Landscape
7. Company Profiles
- Nestle SA
- Eight O' Clock Coffee
- Bulletproof 360 Inc.
- Baristas Coffee Company
- Starbucks Corporation
- Ingenuity Beverages
- Peet's Coffee & Tea
- FM World United Kingdom
For more information about this report visit https://www.researchandmarkets.com/research/bvhk28/the_functional?w=4