COFFEE MARKET 2020 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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COFFEE MARKET 2020 Coffee Market 2020: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Global Coffee Market is an ever flourishing market space, reason being the worldwide popularity of coffee as a beverage. Coffee is consumed in high volume globally thanks to its taste, feel, and caffeine content. Moreover, the rapid urbanization and the demand for the beverages-on-the-go to deal with the modern lifestyles escalate the market on the global platform. Conversely, factors such as the volatility in the prices and demand & supply gap of coffee beans are expected to pose challenges in the growth of the market, further worrying market players to the core. Nevertheless, factors such as the emergence of organic coffee and various functional beverages based on coffee would support the market growth over the forecast period.
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COFFEE MARKET 2020
For ease of understanding, the market has been segmented into four key dynamics: By Variety: Arabica and Robusta among others. By Form: Whole and Ground (Instant Coffee Powder, Portioned Coffee,) among others. By Distribution Channel: Store-based and Non-store-based. By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
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COFFEE MARKET 2020 Regional Analysis The North American region, heading with the high consumption of Arabica dominates the global coffee market. The region accounts for an attractive market space for coffee manufacturers, worldwide. As a result, these manufacturers are continually bringing up a new flavor of the product, expanding their product portfolio which consecutively leads to increasing the size of the coffee market in the region. Additionally, these manufacturers are focusing on the promotional activities to create awareness among the consumers related to the new product launch that, as a result, further stimulates the growth of the regional coffee market. Owing to the various innovations in flavor and the quality of the product, the coffee market in the North American region is estimated to garner a value of USD 24,277.8 MN by 2023, registering a whopping 23.88% CAGR throughout the forecast period.
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COFFEE MARKET 2020 Application & Major Players in this Research: Key players driving the Coffee Market Size include Starbucks Corporation (U.S.), Tata Global Beverages Ltd. (India), NestlĂŠ S.A. (Switzerland), Jacobs Douwe Egberts (The Netherlands), The Coca-Cola Company (U.S.), Strauss Group Ltd. (Israel), Unilever PLC (U.K.), The Kraft Heinz Company (U.S.), Tchibo Coffee International Ltd. (U.K.), and The J.M. Smucker Company (U.S.) among others.
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