Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||907934|
|Published||Content info||179 Pages
Delivery time: 1-2 business days
|Published: September 1, 2020||Content info: 179 Pages||
Global Instant Coffee Market to Reach $43.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Instant Coffee estimated at US$34 Billion in the year 2020, is projected to reach a revised size of US$43.1 Billion by 2027, growing at aCAGR of 3.5% over the period 2020-2027. Spray-dried, one of the segments analyzed in the report, is projected to record 3.8% CAGR and reach US$30.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Freeze-dried segment is readjusted to a revised 2.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.2 Billion, While China is Forecast to Grow at 6.3% CAGR
The Instant Coffee market in the U.S. is estimated at US$9.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9 Billion by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.We bring years of research experience to this 8th edition of our report. The 179-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,