DUBLIN--(BUSINESS WIRE)--The "Coffee Market - Growth, Trends and Forecasts (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
Global Coffee Market is growing at a CAGR of 5.5% during the forecast period (2019-2024).
- The global coffee industry is growing at a significantly by producing products almost exclusively in developing nations. As per the survey conducted by the National Coffee Association in the United States, more than 70% of the consumers prefer at-home coffee preparation. There has been a gradual shift observed from soft drinks to coffee drinks among consumers.
- The consumers prefer Nespresso coffee machines, coffee brewers, and drip coffee makers to prepare coffee at home. South America is the largest producer of Coffee in the world whereas, Europe being the largest producer of high-quality coffee. Germany, Italy, France, Spain, and the United Kingdom are the dominating coffee consumers in the European region.
Major Market Trends
Arabica Coffee Showcases High Demand
Arabica coffee market is highly produced coffee in the world followed by Robusta. Companies around the world are focussing on the principles of zero waste and circular economy, by launching fresh ground coffee pods in two flavors, namely 100% Arabica Ricco and 100% Arabica Aromatica, certified by the Rainforest Alliance. These pods can be collected with food waste and are totally compostable.
Companies are performing product innovations mianly on Arabica coffee. For instance, Pellini Caff, has launched Pellini Bio fresh ground coffee pods, which consist of 100% Arabica organic coffee; with this, the company is targeting Italian consumers who are increasingly looking for organic products. The graph of the production of Arabica coffee was estimated by United States Department of Agriculture.
Europe is a Major Market for High-Quality Coffee
Many companies in Europe are marketing coffee as an artisanal product rather than a commodity. The coffee entry in Europe is sourced through the ports covering Antwerp, Bremen, Hamburg, Genoa, Le Havre and Trieste.
By distribution channel, supermarkets in Europe are the main point of sale for a broad assortment of coffee, be it capsules or single-origin varieties. It has helped them to become sustainable and efficiently cater to the preferences, and expectations of consumers. Even mainstream roasters have entered into the retail coffee market, by developing more individualized products for their consumers.
This trend has also led to price differentiation and proved a challenge for exporters as the market segmentation has significantly increased.
Some of the prominent players in the market include The Coco-Cola Company, Kraft Heinz, Starbucks Corporation, Nestle, and Dunkin' Donuts. Acquisition and partnership are the major strategies followed by the key players. Major players, such as Cafe Nerro, Coffee Beanery, Nestle, and Starbucks, have mainly focused on partnerships and collaborations with other emerging players in the market and new product launches.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.2 Ground Coffee
5.1.3 Instant Coffee
5.1.4 Coffee Pods and Capsules
5.2 By Distribution Channel
5.2.1 On-Trade (Cafes and Foodservice)
18.104.22.168 Convenience Stores
22.214.171.124 Specialist Retailers
5.3.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 Rest of Asia-Pacific
5.3.4 South America
22.214.171.124 Rest of South America
5.3.5 Middle East & Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Market Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Starbucks Corporation
6.4.2 Costa Coffee
6.4.3 The Lavazza Group
6.4.4 Dunkin' Brands
6.4.6 The Kraft Heinz Company
6.4.8 Gloria Jeans
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/cvg5q5