Press Release
Press Release
According to a new report by EMR titled, ‘Global Instant Coffee Market Report and Forecast 2024-2032’, the market attained a value billion of about USD 13.15 billion in 2023. The market is estimated to grow at a CAGR of 4.9% in the forecast period of 2024-2032 to reach a value of nearly USD 20.26 billion by 2032.
Europe holds a significant market portion of the instant coffee market share due to the affordability and shelf life of instant coffee. The majority of the two to three cups of coffee that British drink each day are consumed at home. According to the British Coffee Association, for in-home consumption, 70% of UK households prefer instant coffee. Thus, the sale of instant coffee continues to dominate British in-home consumption, making the UK one of the most significant markets globally.
Arabica coffee is mostly preferred worldwide due to its smoother textures and better taste over Robusta. Approximately 75% of the coffee produced worldwide is produced by the Arabica variety, which is the most prevalent species on the market. The Asia Pacific is the fastest-growing region in the market due to the robust coffee culture in densely populated countries like China and India.
New product launches expand the market expansion. In April 2023, Nestle S.A. (SWX: NESN) launched its first instant coffee specifically made for iced beverages in response to the growing demand for cold coffee at home. 15% of coffee is consumed cold worldwide. With the growing desire to recreate café-style cold coffee experiences at home, Generation Z is demanding premium ice coffees at home, which has contributed to a rise in iced coffee consumption. The Nescafé Ice Roast product was first launched in China, followed by Mexico. The company also launched Nescafé Black Roast and Nescafé Roastery Collection to satisfy consumer demand for premium instant coffee.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Figure: Top 10 Coffee Producing Countries, 2023-24, 60 KG Bags
Table: Produced coffee bean type in top 10 coffee-produced countries
Countries | Coffee Bean Type |
Brazil | Robusta and Arabica |
Vietnam | Robusta |
Colombia | Colombian Arabica coffee |
Indonesia | Java coffee |
Honduras | Fincas |
Ethiopia | Arabica |
Peru | Peruvian coffee |
India | Arabica and Robusta |
Mexico | Arabica and Robusta |
Uganda | Robusta |
The major players in the global instant coffee market are Nestlé, Starbucks Corporation, KRAFT Foods, Tata Consumer Products Limited, Tchibo Coffee International Ltd, Strauss Group, and Jacobs Douwe Egberts Pro, 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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by Coffee Type |
|
Breakup by Distribution Channel |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-579
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.