A recent report published by Infinium Global Research on the decaffeinated coffee market provides an in-depth analysis of segments and sub-segments in the global as well as the regional decaffeinated coffee market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional decaffeinated 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 decaffeinated coffee market. According to the report, the global decaffeinated coffee market is projected to grow at a CAGR of 7% over the forecast period of 2022-2028.
The revenue of the decaffeinated coffee market in 2022 was USD 2 billion which is expected to reach around USD 3 billion by 2028 growing with a CAGR of 7%. The coffee beans that have 97% of their coffee removed provide decaffeinated coffee. The coffee beans are decaffeinated before they are roasted and ground. Decaffeinated coffee is not absolutely free of caffeine, but caffeine is present in very little amounts compared to regular coffee. Each takes consists of 0-7 mg of caffeine. Coffee is rich in antioxidants that are useful in preventing diseases such as heart-related diseases, cancers, and type-2 diabetes. Growing awareness related to the harmful physiological effects associated with caffeine, which is a psychoactive substance present in regular coffee, is expected to prompt buyers to consume decaffeinated beverages. As a result, buyers have been increasingly spending on caffeine-free beverages, such as decaf coffee.
Covid-19 has augmented the demand for healthy food products. Because of the covid-19 outbreak, the whole world was under lockdown to restrict the spread of the deadly virus. This created chaos among the mass consumers and people only invested in essential commodities such as food products, home essentials, sanitary products, and others, during the time of the pandemic. Coffee is considered one of the healthy beverages available in the market. The world has witnessed a shift in preferences during the ongoing COVID-19 crisis. An increasing number of customers transitioned from regular coffee to decaf coffee during the pandemic to reduce their caffeine intake. Even though high-quality decaf coffee is more expensive than regular coffee, manufacturers in the decaffeinated coffee market are creating awareness about the journey from farm to market to educate people about good quality coffee beans. This enhanced the revenue of the decaffeinated coffee market.
The growing number of people are switching to a healthy lifestyle, along with the inclination to enjoy one's favorite foods is fuelling the growth of the global decaffeinated coffee market. One of the most popular beverages is coffee nowadays with a huge consumer base, thus demand for enriching options is also high. This contains numerous health benefits which is also a key driving factor of the market. Studies have revealed that the intake exceeding two caffeinated beverages a day by either of the parents increases the chance of miscarriage. The study also reported that women consuming more than 2 caffeinated drinks a day during their seven weeks of pregnancy also increase the risk of miscarriage. Due to all these harmful effects of caffeine people are compelled to opt for decaf over regular coffee. As a result, the decaffeinated coffee market is estimated to grow at a significant rate in the foretold period.
Europe is anticipated to dominate the market. The market in South Asia is estimated to grow at a rapid rate in terms of revenue generation. In Europe, high popularity along with growing awareness regarding the side effects of caffeine is directly promoting the sales of decaf coffee. The Asia-pacific region offers substantial potential for market growth owing to rapid growth in markets such as India and China. The growth is fuelled because of the rising health consciousness among the population of the countries including India, Indonesia, and Japan. The sale is estimated to increase during the forecast period as the market is witnessing high demand for decaffeinated beverages in Japan including south Asia.
The report on the global decaffeinated coffee market covers segments such as product, bean type, and distribution channel. On the basis of product, the sub-markets include roasted and raw. On the basis of bean type, the sub-markets include arabica, robusta, and others. On the basis of distribution channels, the sub-markets include online and offline.
The report provides profiles of the companies in the market such as Kraft Heinz Company, Colombian Brew Ground Coffee, Don Pablo Coffee, Cravium Foods LLP, Dunkin' Brands Group, Inc., Nestlé S.A., Lifeboost Coffee, Kicking Horse Coffee Co. Ltd., Koffee Kult, and Cafedirect PLC.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an 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 decaffeinated coffee market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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