Fact.MR has recently published a fresh research assessment titled Coffee Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022 which present a comprehensive outlook related to the ongoing trends and opportunities set to influence the global Coffee market. This report functions to enlighten readers about the expected growth prospects and dynamics which would reforming the target market between 2017 and 2022 According to research findings, the global Coffee market is estimated to record growth at 4.6% CAGR during the forecast period until 2022.
This intelligent assessment provides exclusive information associated to potential sales upgradation and demand for Coffeeacross prime economies. In addition, readers can access precise data related to section-wise market investigation in terms of Grade, Sales Channel, Application, Region.
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According to the newly-published report by Fact.MR, the global market for coffee is expected to reach US$ 34.3 Bn value towards the end of 2022. The demand for coffee is expected to attain moderate growth, which will be primarily factored by increasing demand of caffeine-based dietary supplements and rising inclusion of dairy beverages in daily diets.
Forecast Highlights from the Report
Europe is pegged to remain a lucrative market for coffee. Habitual coffee drinkers in Europe are increasing by the minute, with European cultural influences boosting the consumption of coffee-based beverages across the globe. Towards the end of 2022, the coffee market in Europe is expected to surpass US$ 6 Bn.
The largest market for coffee, on the other hand, is observed to be the Asia-Pacific excluding Japan (APEJ) region. Ample availability of raw coffee beans, government-backed initiatives promoting the farming of cash crops such as coffee, and a vast consumer base will continue to keep APEJ countries at the forefront of global coffee market expansion.
On the basis of grade, the demand for Arabica is poised to dominate over other grades. In 2017, more than US$ 14 Bn worth of coffee sold in the world will be made of Arabica grade. The report also expects an impressive growth in demand for Robusta-grade coffee, global sales of which are expected to translate multi-billion dollar revenues.
While supermarket or hypermarkets are observed to be the largest sales channel for coffee products, traditional grocery stores are also anticipated to record impressive coffee sales through 2022.
The report further predicts that application of coffee in production of hot drinks will gain grounds at a steadfast pace. During the forecast period, the hot drinks application of coffee will procure global revenues worth over US$ 15 Bn.
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As the report concludes, readers can receive precise data highlighting the competitive landscape active across the global Coffee market. This portion clearly details about the contributions provided by leading manufacturers towards the development of the Coffee market. Furthermore, insights related to competitive trends are clearly discoursed for benefitting stakeholders and new investors. Some of the chief players mentioned in the report are (Starbucks Corp., Nestlé S.A., Unilever Plc, Jacobs Douwe Egberts).
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