IMARC Group, a leading market research company, has recently released a report titled “Instant Coffee Market Report by Packaging (Jar, Pouch, Sachet, and Others), Product Type (Spray Dried, Freeze Dried), Distribution Channel (Business-To-Business, Supermarkets and Hypermarkets, Convenience Stores, Online, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the instant coffee market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global instant coffee market size reached US$ 14.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.
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Factors Affecting the Growth of the Instant Coffee Industry:
- Convenience:
Modern lifestyles, characterized by fast-paced routines and limited time, have led consumers to seek quick and easy solutions for their daily needs, including their caffeine fix. Instant coffee offers a level of convenience unmatched by traditional brewing methods. It requires no specialized equipment, no lengthy brewing process, and minimal cleanup. Consumers can simply add hot water to instant coffee granules or powder and have a ready-to-drink (RTD) coffee in seconds. This convenience is particularly appealing to busy professionals, students, and travelers who need a quick caffeine boost without the hassle of brewing. In line with this, instant coffee’s portability makes it an ideal choice for outdoor activities like camping and hiking, where traditional coffee-making facilities are not available, contributing to the market growth.
- Affordability:
Instant coffee is generally more cost-effective than regular ground coffee or coffee shop beverages. The production process allows manufacturers to produce large quantities of coffee at a lower cost, which can then be passed on to consumers in the form of lower prices. This affordability makes instant coffee accessible to a broader demographic, including budget-conscious consumers and those in developing regions where disposable incomes may be limited. Moreover, the long shelf life of instant coffee reduces waste and ensures that consumers get maximum value from their purchase, as it can be stored for extended periods without losing quality, providing an impetus to market expansion.
- Technological Advancements in Production Processes:
Technological advancements in production processes have significantly enhanced the quality and variety of instant coffee products, making them more appealing to discerning consumers. Innovations such as improved freeze-drying and spray-drying techniques have led to better preservation of flavor and aroma, bringing instant coffee closer in quality to freshly brewed coffee. Along with this, the introduction of micro-grinding technology, which incorporates finely ground coffee into the instant mix, has resulted in a richer taste and improved mouthfeel. These advancements have also enabled the creation of a wider range of instant coffee products, including specialty and premium blends, catering to diverse consumer preferences and bolstering the market growth.
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Instant Coffee Market Report Segmentation:
By Packaging:
- Jar
- Pouch
- Sachet
- Others
Pouch dominates the market as it offers convenience, cost-effectiveness, and efficient storage, making it popular among consumers and retailers.
By Product Type:
- Spray Dried
- Freeze Dried
Spray-dried represents the majority of shares due to its affordable and shelf life compared to freeze-dried options.
By Distribution Channel:
- Business-To-Business
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Supermarkets and hypermarkets hold the majority of shares because they provide wide availability, diverse product ranges, and competitive pricing, attracting a large customer base.
Regional Insights:
- Europe
- Asia Pacific
- North America
- Latin America
- Middle East and Africa
Europe enjoys the leading position owing to its strong coffee culture and high per capita consumption.
Global Instant Coffee Market Trends:
The rising popularity of single-serve formats and the increasing influence of e-commerce expand market reach and accessibility, aiding the market growth. Additionally, the growing trend of premiumization in beverages has led to the introduction of high-quality, gourmet instant coffee options appealing to more sophisticated palates, thereby strengthening the market growth. Besides this, its adaptability to various cultural preferences and the increasing trend of coffee-based innovations in culinary applications, such as in desserts and cocktails, is creating a positive outlook for market expansion. Furthermore, health-conscious consumers also favor instant coffee due to its lower calorie content and availability of decaffeinated options, impelling the market growth.
Top Companies Operated in Instant Coffee Industry:
- 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 Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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