Global Instant Coffee Market - WishTree Insight

Global Instant Coffee Market by Distribution Channel (Supermarkets & Hypermarket, Independent Retailers, and Online), by Material (Freeze Drying and Spray Drying), by Packaging (Sachets, Pouches, and jars), and Regions (Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2031

The Global Instant Coffee Market size was valued at USD 12.5 billion in 2021 and is expected to surpass USD 20.3 billion by 2031, expanding at a CAGR of 6.4% during the forecast period, 2021–2031. The growth of the market is attributed to convenient usage, low cost, and consistent brewing is anticipated to uplift the market growth.

Coffee is a popular beverage in the world. It is made from roasted coffee beans. Instant coffee is a coffee powder that easily dissolves in water thus prepared in a few seconds. Instant coffee comprises a low amount of caffeine but higher amounts of antioxidants. The world is attributed to its convenient and rapid process of preparation. Instant coffee is particularly in trend among youngsters as they find it more convenient.

The manufacturing of instant coffee is done by freeze-drying and spray-drying methods. The flavor, aroma, and quality are maintained in both methods. The consumption of coffee boost metabolism improves brain function, enhances liver health, and helps to elevate the mood. Owing to this instant coffee is gaining popularity all over the globe.

Global Instant Coffee Market Drivers:

• The quick and easy preparation in a short period makes instant coffee more convenient.
• The introduction of various coffee flavors to expand the consumer base is attributed to expanding the overall growth of the market.
• The low-cost and single-use instant coffee sachet is becoming more popular and has propelled the market growth.
• The taste of instant coffee compared to traditional fresh coffee has hampered the global coffee market.
• The chemical compounds present in instant coffee causing cancer has restrained the market growth.
• In terms of aroma, flavor, and freshness, manufacturers are making continuous efforts to improve the quality.

Scope of Report:

Market Segment Insights

Supermarkets & Hypermarkets segment is expected to dominate the market

Based on Distribution Channel, the market is classified into Supermarkets & Hypermarkets, Independent Retailers, and Online. The Supermarkets & Hypermarkets segment is expected to dominate the instant coffee market owing to growing urbanization as they offer large shelf space and a wide variety of products to choose from.

The spray Drying segment is expected to expand rapidly in the forecast period

Based on Material, the Global Instant Coffee market is bifurcated into Freeze Drying and Spray Drying segments. The spray drying segment is expected to expand rapidly during the forecast period. As it is relatively more affordable than the freeze-dried segment.

The sachet segment is anticipated to hold a key share

Based on packaging, the market is divided into Sachet, Pouch, and jars. The sachet segment is anticipated to hold a key share of the instant coffee market owing to its quick and easy preparation in a short period. Sachets offer a more convenient and cheaper way of packaging. Besides sachets, the other packaging types include jars and pouches.

Latin America dominates the Instant Coffee market.

• Latin America accounted for the largest market share as per the international coffee Market. Brazil is known as a large coffee production company in the world. As the region is having high consumers of coffee, Latin America is importing coffee in large amounts from Brazil. Thus, they hold a key share in the market.
• To gain the maximum market share Asia Pacific region is considered the fastest-growing region. Though Asia pacific region is known for maximum tea consumption, the instant coffee market has propelled the market resulting in more sales. The Asia Pacific region is the 2nd largest coffee producer region in the world. Countries in the region such as China and India with their high population base are anticipated to grow the market in the coming forecast period.

Competitive Landscape

Key players competing in the Global Instant Coffee market are Kraft Food Inc; Nestle S.A.; Tata Global Beverages; Unilever Plc.; Starbucks Corporation; Strauss Group Ltd; Tchibo Coffee International limited; Keurig Green Mountain; Matthew Algie Company Limited.

• To increase product offerings, market players are adopting strategies such as product launches and acquisitions.
• To meet consumer demand, companies are focusing on production capacity and are adopting innovative technologies.

FAQs

What is the CAGR of the market during the forecast period?

6.4% is the CAGR of the market during the forecast period.

What are the key drivers of the market?

Convenient usage, low cost, and consistent brewing are anticipated to be the key drivers of the market.

Which Global Instant Coffee market segment is likely to dominate the market?

Based on packaging sachet segment is likely to dominate the market.

Which region accounted for a large market share?

Latin America is accounted to hold a large market share.

Who are the key players competing in the market?

Key players competing in the Global Instant Coffee market are Kraft Food Inc; Nestle S.A.; Tata Global Beverages; Unilever Plc.; Starbucks Corporation; Strauss Group Ltd; Tchibo Coffee International limited; Keurig Green Mountain; Matthew Algie Company Limited.