The global instant coffee market attained a value of USD 11.4 billion in 2020. The market is further projected to grow in the forecast period of 2023-2028 at a CAGR of 4.9% to reach USD 15.2 billion by 2026.
On the basis of type, the spray dried instant coffee dominated the global instant coffee market in 2020 and is estimated to continue its dominance over the forecast period. Spray dried instant coffee is relatively affordable than the freeze dried variant, thus, creating its higher demand among consumers. Based on the packaging, the pouch segment is likely to hold a major market share over the forecast period of 2023-2028. It offers various advantages over other packaging, as they are cost-effective, flexible, light-weighted, and recyclable.
Industry Synopsis of Global Instant Coffee Market
On the basis of the distribution channels, the supermarkets and hypermarkets held the largest segment in 2020. The availability of more shelf-space and a wider choice among a large number of products is attributing to the segment growth. Supermarkets are generally located in the central part of the cities, which in turn attracts more buyers. Regionally, Europe accounted for the majority of the market share in 2020. The expanding middle-class population rise in disposable income, and rapid urbanisation are the factors accentuating the demand for instant coffee in the region.
Instant coffee is one of the most widely consumed beverages derived from roasted coffee beans. It enables the consumers to prepare coffee quickly by just pouring hot water into it. In comparison to brewed coffee, instant coffee comprises lower caffeine content and higher amounts of antioxidants. Regular consumption of instant coffee offers many health benefits, such as increasing metabolism, enhancing brain function, and improving liver health. Furthermore, instant coffee is available in granulated, concentrated liquid, and powdered form in sachets or glass jars, thus, are gaining immense popularity, especially among the working population across the globe.
Instant coffee manufacturers are offering new coffee flavours in the market, such as Italian roast, ginger-bread cookie, cardamom bun, French vanilla, and chocolate caramel to expand their consumer-base. Also, the consumption of premium products is escalating at a rapid pace in emerging markets like the Middle East, South East Asia, and Eastern Europe, on account of growing urbanization, inflating disposable incomes, and altering food patterns of the consumers in these regions. Advancements in technologies for producing higher quality coffee are further expected to strengthen the demand for instant coffee globally. Moreover, single-serve packaging formats are also gaining popularity due to increasing focus on convenience and health-consciousness, which in turn, is creating a positive impact on the market growth. Besides, premiumisation and affordability of instant coffee are likely to drive the market growth in the coming years. However, the use of acrylamide in instant coffee, associated with a number of adverse health effects, is projected to impede the global instant coffee market.
The report gives a detailed analysis of the following key players in the global instant coffee market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The global instant coffee market attained value of USD 11.4 billion in 2020 driven by the raid urbanisation and growing demand for convenient and instant food and beverages. Aided by the advancements in technologies for producing higher quality coffee, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.9%. The industry is projected to reach USD 15.2 billion by 2026.
The global instant coffee market reached a value of USD 11.4 billion in 2020.\n"}},"@type":"Question","name":"What is the growth rate of the market?","acceptedAnswer":"@type":"Answer","text":"The market is projected to grow at a CAGR of nearly 4.9% in the forecast period of 2023-2028.\n","@type":"Question","name":"What is the forecast outlook of the market for 2023-2028?","acceptedAnswer":"@type":"Answer","text":"The market is estimated to reach a value of about USD 15.2 billion by 2026.\n","@type":"Question","name":"What are the major market drivers?","acceptedAnswer":"@type":"Answer","text":"The major drivers of the industry include rising disposable incomes, increasing population, rising demand for convenient food and beverages, growing demand for single-serve packaging, and the rising urbanization.\n","@type":"Question","name":"What are the key industry trends of the market?","acceptedAnswer":"@type":"Answer","text":"The premiumisation and affordability of instant coffee, along with the introduction of new flavours, are expected to be the key trends guiding the growth of the industry.\n","@type":"Question","name":"What are the major regional markets, according to the EMR report?","acceptedAnswer":"@type":"Answer","text":"North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with Europe accounting for the largest market share.\n","@type":"Question","name":"What is the dominant coffee type of the product in the industry?","acceptedAnswer":"@type":"Answer","text":"The spray dried variant is the dominant type of the product in the market.\n","@type":"Question","name":"What is the leading packaging type in the industry?","acceptedAnswer":"@type":"Answer","text":"The pouch segment is the leading packaging type in the industry.\n","@type":"Question","name":"What is the leading distribution channel for the industry?","acceptedAnswer":"@type":"Answer","text":"The distribution channel is led by the supermarkets and hypermarkets segment.\n","@type":"Question","name":"Who are the key industry players, according to the report?","acceptedAnswer":"@type":"Answer","text":"The leading players in the market are Nestlé, Starbucks Corporation, KRAFT Foods, Tata Consumer Products Limited, Tchibo Coffee International Ltd, Strauss Group, and Jacobs Douwe Egberts Pro, among others.\n"]} $(function () var WindowSize = window.matchMedia("(max-width:480px)"); if (!WindowSize.matches) var top = $('#LeftImageFixed').offset().top - parseFloat($('#LeftImageFixed').css('marginTop').replace(/auto/, 0)); var footTop = $('#footerstick').offset().top - parseFloat($('#footerstick').css('marginTop').replace(/auto/, 0)); var maxY = footTop - $('#LeftImageFixed').outerHeight(); $(window).scroll(function (evt) footTop = $('#footerstick').offset().top - parseFloat($('#footerstick').css('marginTop').replace(/auto/, 0)); maxY = footTop - $('#LeftImageFixed').outerHeight(); var y = $(this).scrollTop(); if (y > top) if (y 2){var r=q:e;currentRequest=$.ajax({url:" ",type:"POST",dataType:"json",data:r,beforeSend:function()null!=currentRequest&¤tRequest.abort(),success:function(e){$("#search-area-outer").removeClass("hide");var r="";if(0==e.report.length)r+='No Reports found for given criteria.
The global instant coffee market size reached US$ 13.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.51% during 2023-2028.
The global instant coffee market can be divided into two categories based on the distribution channel: business-to-business and retail (supermarkets and hypermarkets, convenience stores, online, and others). Supermarkets and hypermarkets currently hold the majority of the market.
Nestle, Starbucks Corporation, Matthew Algie & Company Ltd., Kraft Foods Inc., Tata Consumer Products Limited, Strauss Group Ltd., Jacobs Douwe Egberts, Tchibo Coffee International Ltd., and others are among the leading competitors in the worldwide instant coffee market.
Instant coffee, owingto its powdered texture, has a higher shelf life as compared to coffee beansand ground coffee. Convenience in terms of storage and consumption is the majorfactor propelling growth of the instant coffee market which is estimated to beprogressing at a CAGR of 6.13% during the forecast period 2019-2025.
Increasing disposableincome is a major factor diverting traffic towards beverages. After bifurcatingthe global instant coffee market into regions, Europe was found to hold themaximum demand share of 32.40% in 2018.This can be attributed to the growing personal disposable income of residentsas well as the presence of key coffee trading economies such as Germany,Switzerland, France, Italy, Belgium and Luxembourg. Some pointssupporting the argument- 2ff7e9595c
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