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DUBLIN–(COMMERCIAL WIRE) – The report “World Coffee Market: Prospects and forecasts with the potential impact of COVID-19 (2020-2024)” has been added. ResearchAndMarkets.com’s offering.
The world coffee market is expected to reach US $ 134.25 billion in 2024, growing at a compound annual rate of 5.32% for the period spanning 2020-2024.
Factors such as the increase in the population that consumes coffee at home, rapid urbanization, the increase in e-commerce retail sales, the acceleration in disposable income, the increase in the preference for instant coffee, the expected increase specialty coffee and increased consumption of green coffee in emerging economies boost the market. However, the growth of the industry would be challenged by weather uncertainties, retail consolidations and strict regulations. Notable trends include the growing penetration of premium coffee shops, the high demand for cold coffee over iced coffee, the desire for functional coffee and the increase in gourmet coffee sales in the United States.
There are two sources of coffee, namely Arabica (the oldest type of coffee, which will be grown initially in Ethiopia (Africa) and Robusta (its initial roots in countries located in central and western Africa in sub-Saharan Africa). Arabica coffee is The first crop is coffee species and is therefore dominant in the market over Robusta coffee.
In 2020, the outbreak of the COVID-19 pandemic has created an unfavorable impact on the world market, as the production, exports and imports of coffee and related products have decreased significantly.
The fastest growing regional market is Asia-Pacific due to increased demand for coffee by the working population, the increasing presence of a large number of coffee chains and the rise of the e-commerce retail sector. The United States represents one of the largest markets and is already well penetrated in developed markets.
Companies mentioned
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Dunkin Brands Group
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Keurig Dr Pepper Inc.
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Nestle S.A.
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Starbucks Corporation
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The J. M. Smucker Company
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Kraft Heinz Company
Scope of the report:
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The report provides a comprehensive analysis of the world coffee market.
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The main regional markets (Asia-Pacific, North America, South America and Europe) have been analyzed together with the coverage of the United States.
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Market dynamics, such as growth engines, market trends, and challenges, are discussed in depth.
Key topics covered:
1. Market description
2. Impact of COVID-19
3. Analysis of the world coffee market
3.1 Forecasting the value of the world coffee market
3.2 World coffee market value by product type
3.2.1 World market forecast of the value of roasted and ground coffee
3.2.2 Forecast of the world market value of soluble coffee
3.3 Global volume of coffee production
3.4 Forecast of world coffee production volume
3.5 Global volume of coffee production by region
3.5.1 Global volume of Arabica coffee production by region
3.6 Global volume of coffee consumption
3.7 Forecasting the volume of world coffee consumption
3.8 Global volume of coffee consumption by region
3.9 Global volume of coffee exports
3.10 Forecast of the volume of world coffee exports
3.11 Global volume of coffee exports by type of grain
3.12 Global volume of coffee exports by country
3.13 World volume of coffee imports
3.14 Forecasting the volume of world coffee imports
3.15 World volume of coffee imports by grain type
3.16 World volume of coffee imports by region
4. Regional analysis of the coffee market
4.1 Asia-Pacific
4.2 North America
4.3 South America
4.4 Europe
5. Market dynamics
5.1 Drivers of growth
5.1.1 Increase in the population consuming coffee outside the home
5.1.2 Rapid urbanization
5.1.3 Increase in e-commerce retail sales
5.1.4 Accelerate disposable income
5.1.5 Increased instant coffee preference
5.1.6 Growing demand for specialty coffee
5.1.7 Inclination of green coffee consumption in emerging economies
5.2 Key trends and developments
5.2.1 Increasing penetration of premium coffee shops
5.2.2 High demand for cold beer over iced coffee
5.2.3 Inclined desire for functional coffee
5.2.4 Increase in the sale of gourmet coffee in America
5.3 Challenges
5.3.1 Climatic uncertainties
5.3.2 Retail consolidations
5.3.3 Strict regulations
6. Competitive landscape
6.1 Global market
6.1.1 Key players: revenue comparison
6.1.2 Key players: market cap comparison
7. Company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/8x0s0a
