Global Coffee Market to Grow at a CAGR of 4.6% During 2024-2032, Aided by the Implementation of Innovative Production Strategies and Rapid Technological Advancements

The global coffee industry is being driven by the heightened implementation of innovative production strategies and the rapid technological advancements. The leading coffee manufacturers are increasingly utilising creative means to increase their popularity among consumers, such as introducing newer and flavourful blends of coffee powders and instant coffee. Moreover, with the rapid technological advancements, the manufacturers have introduced newer products such as coffee pods and capsules to enhance the experience of the consumers while also reducing the time and effort required in the process of making a cup of coffee. In addition to ease of consumption, these products are also increasingly eco-friendly, which is making coffee pods and instant coffee jars extremely popular.

The growing emphasis of the leading players in conceptualising creative coffee blends by applying innovative solutions is expected to significantly catalyse the industry growth in the forecast period. According to a press release issued by The Coca Cola Company (NYSE: KO), dated January 2021, Coca Cola debuted its hybrid coffee into the market. The innovative blend mixes the flavours of coca cola soda with Brazilian coffee providing both the flavours to the consumers at once. The product is available in regular and zero sugar varieties. Furthermore, in March 2021, J.M. Smucker Company (NYSE: SJM), another leading coffee manufacturer, announced a strategic alliance with JDE Peet's, Amsterdam, to support Smucker's away-from-home coffee business. This partnership will help introduce newer flavours to North American consumers. These developments are expected to significantly impact the growth of the coffee industry in the forecast period.

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Market Breakup by Product Type, End Use, Distribution Channel, and Region:

• The market is divided based on product type into whole-bean, ground coffee, instant coffee, and coffee pods and capsules.
• Based on end use, the market is bifurcated into HoReCa and retail.
• On the basis of distribution channel, the market is segmented supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
• Region-wise, the global market for coffee can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for coffee is being driven by the implementation of innovative strategies in the manufacturing process, such as creative blends of coffee.
• The growing awareness of health benefits associated with coffee has significantly contributed to the market expansion.
• Increased availability and ease of consumption are also aiding the industry growth.
• The rising technological advancements and developments, such as the introduction of coffee pods and capsules, are expected to further propel the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for coffee for the periods (2018-2023) and (2024-2032).
• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product types, distribution channels, and major regions of coffee.
• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.
• The market report also analyses the trade data by covering the major importing and exporting countries.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global coffee market are Nestlé S.A., The Kraft Heinz Company, Starbucks Corporation, The J. M. Smucker Company, JAB Holding Company, Strauss Coffee BV, LUIGI LAVAZZA SPA, Tata Consumer Products Limited, UCC Europe Limited, Gloria Jean’s Gourmet Coffees Corp., Unilever plc, Panera Brands, Nero Holdings Limited, Coffee Beanery, Swmabhan Commerce Private Limited (RAGE Coffee), International Coffee & Tea, LLC, and BEVZILLA PRIVATE LIMITED, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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