Instant Coffee Market Share, Size, Analysis, Brands, Growth ( CAGR 5.51% ), Manufacturer and Report During 2023-2028

According to the latest report by IMARC Group, title “Instant Coffee Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, 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. 

Instant coffee, also known as coffee powder, is one of the most widely consumed beverages made by grinding roasted coffee beans. It enables consumers to quickly prepare a cup of coffee by pouring hot water to the instant coffee mix. In comparison with brewed coffee, instant coffee comprises of lower caffeine content but higher amounts of antioxidants. Regular consumption of instant coffee assists in boosting metabolism, improving brain function and enhancing liver health. Owing to this, instant coffee is gaining immense popularity especially among the working population across the globe.

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Instant Coffee Market Trends:

Instant coffee manufacturers are introducing new coffee flavors in the market, such as mocha, green bean, Italian roast, French vanilla, ginger-bread cookie, cardamom bun and chocolate caramel, in order to expand their consumer-base. Moreover, these value-added products tend to fetch a higher margin than basic products, allowing them to increase the profitability of the manufacturers, in turn, contributing to the market growth. As single-serve packets are more affordable and provide convenience to the consumers, they are experiencing a strong demand in homes, cafés, hotels and restaurants. Moreover, they allow the consumers to try out new flavors without spending on bulk packs. The consumption of premium instant coffee products is proliferating at a rapid pace in emerging markets like the Middle East, Eastern Europe and South East Asia due to inflating disposable incomes, growing urbanization and altering food patterns of the consumers in these regions. The population in several instant coffee drinking countries is anticipated to grow in the upcoming years. This is expected to expand the overall consumer-base of instant coffee and strengthen the growth of the market.

Instant Coffee Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the instant coffee market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Nestle
• Starbucks Corporation
• Matthew Algie & Company Ltd.
• Kraft Foods Inc.
• Tata Consumer Products Limited
• Strauss Group Ltd.
• Jacobs Douwe Egberts
• Tchibo Coffee International Ltd.

Key Market Segmentation:

The report has segmented the instant coffee market on the basis of product type, packaging, distribution channel and region.

Breakup by Product Type:

• Spray Dried
• Freeze Dried

Breakup by Packaging:

• Jar
• Pouch
• Sachet
• Others

Breakup by Distribution Channel:

• Business-To-Business
• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others

Breakup by Region:

• Europe
• Asia-Pacific
• North America
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

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