This report provides exclusive insights into the COVID-19 impact on the Instant Coffee Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Instant Coffee Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Instant Coffee Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the instant coffee market provides an in-depth analysis of segments and sub-segments in global as well as the regional instant coffee market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional instant coffee market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global instant coffee market. According to the report, the global instant coffee market is projected to grow at a CAGR of 4.55% over the forecast period of 2018-2024.
Instant coffee is a beverage made from brewed coffee beans. Instant coffee has many advantages that include faster speed of preparation, cheaper, long shelf life and easy to make regular coffee. Instant coffee contains less caffeine than regular coffee. It is a healthy and low calories beverage and has lower caffeine than regular coffee. It is available in concentrated liquid and powdered form contained in plastic jars, glass, and tins. There is two way to make instant coffee such as Spray-drying and Freeze-drying. These both methods preserve the quality, aroma, and flavor of the coffee. It contains many powerful antioxidants including hydrocinnamic acids and polyphenols. These antioxidants are very important for overall human health that may improve health and help reduce the risk of several diseases. Drinking instant coffee provides several benefits such as enhance brain function, decrease diabetes risk, and improve mental health and Promote longevity.
After water, coffee is the most popular drink worldwide with over 400 billion cups being consumed each year. Instant coffee offers the same benefits as fresh coffee and it takes less time to prepare compared to fresh coffee this is the major factor driving the growth of Instant Coffee Market. In recent years, the growing number of new products launches is having a positive impact on the market globally. Moreover, rapid growing urbanization coupled with modern lifestyle due to which rising consumption of coffee among the young generation has increased. The popularity of instant coffee has increased in working-class hence the demand for instance coffee has increased as the consumer feels quite refreshing and there are less efforts to be made in the preparation of coffee.
However, instant coffee contains harmful chemical includes Acrylamide this, in turn, restraining the global instant coffee market. It is enjoyed as part of a healthy and balanced diet, coffee drinking plays a key role in many cultures around the world. Going further, some manufacturers are constantly trying new innovative ideas to develop and improve the quality and flavors of instant coffee is anticipated to boost the Instant Coffee Market over the coming years.
Among the geographic, Asia-Pacific dominated in Instant Coffee Market in terms of revenue. Growing preferences of instant coffee over the other beverages among the consumers in India and China are driving the growth of the market in this region Additionally, increasing working class in emerging countries such as China, India have a positive impact on the growth of the market in the Asia-Pacific region. The factor such as the growing preference for filter coffee in the North America region is estimated to decline the demand for instant coffee market.
The report on the global instant coffee market covers segments such as distribution channel and packaging type. On the basis of the distribution channel, the global instant coffee market is categorized into online and offline. On the basis of packaging type, the global instant coffee market is categorized into jars and sachets.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global instant coffee market such as Nestlé S.A., Unilever Plc., Jacobs Douwe Egberts, Starbucks Corp., Strauss Group Ltd., Keurig Green Mountain, Tchibo coffee, The Kraft Heinz Co. and Matthew Algie & Co. Ltd.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global instant coffee market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the instant coffee market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the instant coffee market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the instant coffee market to understand the present and future trends in this market and formulate their strategies accordingly.