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The Global Coffee Market Is Expected To Reach USD Million by the Year 2024
The report “GLOBAL COFFEE MARKET FOR FOOD AND BEVERAGES SEGMENTED BY TYPE,
GEOGRAPHY, MARKET ESTIMATION AND FORECAST IN (2018-2024)”, the global Coffee Market
is expected to reach USD Million, at a CAGR of 5.5% during the forecast period. Coffee is a
popular beverage and an important economical good. Each day over 2.25 billion cups of coffee
are consumed throughout the world. The key drivers for the global coffee market are rise in
trivial income, quick urbanization and increase in the population along with the exposure of
cafe culture and new consumer base. Despite the market being governed by various growth
drivers, there are a certain challenges faced by the market such as aging of coffee trees, lack of
government support, negative impact of climate change, instability of price and increase in
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Generation Y (people aged between 19-34years) account for the highest Coffee Consumption:
In eight years, the daily consumption among 18 to 24-year-old increased to 50% from 35%,
while it increased to 60% from 50% among the people aged 25 to 39-year-old. Due to downfall
of soft drinks, including the caffeinated colas resulted in driving sales of ready-to-drink (RTD)
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Most popular key product trends in coffee market:
Nitro coffee and Iced coffee are the key product trends that captivate consumer. Nitro coffee
provides a feel of beer taste. A large number of retailers are adding cold brew products to their
product line. In market segmentation based on source type, there are different categories of
global coffee market such as Arabica, Robusta, and Liberica. Among these Arabica holds the
highest market share of about 70% in the overall market, while Robusta and Liberica accounted
24% and 6% respectively. In addition to that, based on product type the market is divided into
instant coffee, powder, and based on flavor there are vanilla, Irish cream, caramel and others.
The caffeinated and decaffeinated are the sub divisions of coffee market based on processing.
Europe holds the highest coffee market share followed by North America
Due to large middle-class young consumers, the market for the coffee is rising periodically.
Generally the regions like North America and Europe depends mainly on the imports to satisfy
the growing demand, as the critical climatic conditions forbid the coffee cultivation. Russia and
Ukraine are the new markets witnessing a sharp glance in the consumption level.
The top players in the global coffee market are Nestle (Nescafe), The Coca Cola Company,
Starbucks Corporation, Godrej & Boyce Manufacturing Company Limited, Eight O' Clock Coffee
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Scope Of The Report
Competitive Analysis in marketing and strategic management is an assessment of the
strengths and weaknesses of current and potential competitors.
Monitoring the external and internal factors which affect the market dynamics with the
aid of PESTLE analysis.
The Regional and Global Variety is taken care of in the report.
Year on Year basis generation of revenue is studied.
Porter's Five Forces analyze the intensity of competition in an industry and its
The overview and the sustainability of the market are analyzed through SWOT.
DROC is recognized in the current market scenario and see how its effect on market
The segment-level analysis in terms of type and technology.
The value chain analysis, value that's created and captured by a company is the profit
Created and Captured – Cost of Creating that Value = Margin
An executive summary consists of the whole report and the outcome is been given in
the report to have brief knowledge about the report.
Basis on the depth of the study we approach using analytical tools
Expertise investment opportunities are given after analyzing the market to give the
organization and the individual to have perfect knowledge about the market.
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