ALBANY, New York, Aug. 20, 2019 /PRNewswire/ -- According to instant coffee market report by Transparency Market Research, the market is experiencing a robust growth during the forecast of 2017 to 2025. The report states that the growth of the market is the result of changing lifestyle of the people. According to the experts, people are looking for the things that is ready to eat or can be eaten while travelling. This trend has also influenced the coffee drinkers at global level. Due to these changing dynamics, the global instant coffee market is expected to witness a substantial growth in the forecast period of 2017 to 2025.
- CAGR of 4.8% to be Witnessed by Market
- According to the report, the market is expected to generate revenue of US$ 42.5 bn by the end of the forecast period. This substantial hike of the market is the result of rising popularity of instant coffee owing to the benefits such as instant coffee preparation and wide variety of flavors.
- The global instant coffee market is expected to witness 4.8% CAGR in the projected tenure. This consistent growth is result of growth of freeze-drying segment under packaging category of the global instant coffee market during the forecast period.
- After analyzing historical data of global instant coffee market, the experts at Transparency Market Research states that the market stood at US$ 28.12 bn by the end of 2016.
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- Asia Pacific to Cover 37% of the Overall Growth Share
Geographically, the global instant coffee market has its presence in regions such as North America, Asia Pacific, Europe, and Middle East and Africa. Out of these regions, Asia Pacific is expected to exhibit maximum potential for the players of instant coffee market. In other words, the region accounts for approximately 37% of overall growth share.
The growth of the region is the result of growing production of coffee in countries such as India and China. Moreover, the growing export business for instant coffee is also one of the major factor that is expected to propel the growth of Asia Pacific in instant coffee market.
- Growing Ready-to-eat Trend to Fuel the Growth of the Market
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Owing to changing dynamics of working people in emerging economies, everybody is hectically busy. They prefer to eat or drink while they are travelling to their workplace. This has given a significant boost to ready-to-eat food products. As a result, people are willing to have their coffee prepared instantly so that they can enjoy it at any point of time. Owing to this trend, the players are investing a huge capital in order to cater the growing demand for instant coffee. As a result of these investments, the global instant coffee market is expected to grow substantially during the forecast period.
Moreover, the higher shelf-life of instant coffee is also helping the market to grow at a steady pace. Due to its better shelf life, instant coffee can be stored and used for a long time. Additionally, variety of flavors provided by instant coffee vendors is also a major factor that is projected to promote the growth of global instant coffee market during the forecast period of 2017 to 2025.
Furthermore, growth of various segments is also one of the factors that are supporting the growth of global instant coffee market. This growth of segments implies the preference of coffee by the users. With segments growing at a rapid pace can the businesses can gain monetary benefits buy targeting audiences looking for instant coffee under a particular segment of the global market.
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The article is listed by Transparency Market Research titled, "Instant Coffee Market (Distribution Channel - B2B (Hotels and Restaurants) and Retail (Online and Offline); Packaging Type - Jars and Sachets) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025."
The global instant coffee market is segmented on the basis of:
- Distribution Channel
- B2B
- Hotels
- Restaurants
- Retail
- Online
- Offline
- Packaging Type
- Jars
- Sachets
- Region
- North America
- Canada
- U.S.
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia and New Zealand
- Rest of Asia Pacific'
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC countries
- South Africa
- Rest of Middle East & Africa
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