A fact-based research report by KD Market Insights, titled “Coffee Market 2017: Market Value & Volume, Trends & Opportunity Outlook – Forecast to 2023” has been publicized to its comprehensive collection of research reports. This intelligent study analyzes and forecasts the coffee market at the global and regional level. To provide accurate results, the market has been forecasted based on revenue (US$ Mn) and volume (thousand units) from 2017 to 2023. For its readers, the report also examines competition landscape in the global market of coffee and profiles some of the key players operating in the market.
It has been well-identified that coffee is one of the most popular beverages which is consumed widely across the world. Over the past few years, the coffee industry has changed severely for a variety of reasons. According to the analysis, consumption of coffee continues to remain high in urban environments wherein higher caffeine content is observed advantages to cope with rapid lifestyles. Considering various positive factors of the market, analysts predict that global coffee market is anticipated to flourish at a CAGR of 5.2% during the forecast period of 2018-2023. Rising at this pace, the market is anticipated to reach USD 32,143.5 Million by the end of 2023.
The study initiates by presenting a detailed outlook of the coffee market covering introduction, types and major application. It also discusses a couple of facets, for example, drivers, obstacles, and predictions that have found in the global market. Furthermore, segmental analysis has been presented in the study which highlights market growth on the basis of region, grade, end-user, application and sales channel. The regional analysis is a crucial section of the report which enlightens readers about market opportunities in some major regions including North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. In the present time, the market is driven by number of factors such as rising disposable income, growing urbanization and increasing number of coffee shops across the globe.
Based on the segmental analysis, the research highlights that Europe accounted for highest market share in the overall coffee market in 2017. It is further anticipated to grow at a steady rate until the end of 2023. On the basis of grade, the research consists of arabica, robusta and specialty. Application wise segmentation includes hot drinks, food & beverages flavors, ready to drink coffee, nutraceuticals and others. Coffees are widely available at the online store, departmental store, supermarket and hypermarket.
As the report concludes, the reader can seek insight into the key manufacturers’ analysis which includes company profile, product specification, and product application. Active players in the market include Strauss Group Ltd., Nestlé S.A., The J. M. Smucker Company, Eight O' Clock Coffee Company, Keurig Green Mountain, Inc., The Kraft Heinz Co., Unilever Plc., Ajinomoto General Foods, Inc. and Dunkin' Donuts.