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Global Coffee Market to Grow at a CAGR of 1.1% During 2021-2026, Aided by the Implementation of Innovative Production Strategies and Rapid Technological Advancements

According to a new report by EMR titled, ‘Global Coffee Market Report and Forecast 2021-2026’, the market reached a volume of around 166 thousand 60kg bags in 2020. It is expected to witness a steady growth in the forecast period, growing at a CAGR of 1.1% between 2021 and 2026.

The global coffee industry is being driven by the heightened implementation of innovative production strategies and the rapid technological advancements. The leading coffee manufacturers are increasingly utilising creative means to increase their popularity among consumers, such as introducing newer and flavourful blends of coffee powders and instant coffee. Moreover, with the rapid technological advancements, the manufacturers have introduced newer products such as coffee pods and capsules to enhance the experience of the consumers while also reducing the time and effort required in the process of making a cup of coffee. In addition to ease of consumption, these products are also increasingly eco-friendly, which is making coffee pods and instant coffee jars extremely popular.

The growing emphasis of the leading players in conceptualising creative coffee blends by applying innovative solutions is expected to significantly catalyse the industry growth in the forecast period. According to a press release issued by The Coca Cola Company (NYSE: KO), dated January 2021, Coca Cola debuted its hybrid coffee into the market. The innovative blend mixes the flavours of coca cola soda with Brazilian coffee providing both the flavours to the consumers at once. The product is available in regular and zero sugar varieties. Furthermore, in March 2021, J.M. Smucker Company (NYSE: SJM), another leading coffee manufacturer, announced a strategic alliance with JDE Peet's, Amsterdam, to support Smucker's away-from-home coffee business. This partnership will help introduce newer flavours to North American consumers. These developments are expected to significantly impact the growth of the coffee industry in the forecast period.

Market Breakup by Product Type, Distribution Channel, and Region:

  • The market is divided based on product type into whole-bean, ground coffee, instant coffee, and coffee pods and capsules. 
  • On the basis of distribution channel, the market can be bifurcated into on-trade and off trade. Among these, the off trade segment is further divided into hypermarkets and supermarkets, convenience stores, specialist retailers, and others.
  • Region-wise, the global market for coffee can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for coffee is being driven by the implementation of innovative strategies in the manufacturing process, such as creative blends of coffee. 
  • The growing awareness of health benefits associated with coffee has significantly contributed to the market expansion. 
  • Increased availability and ease of consumption are also aiding the industry growth. 
  • The rising technological advancements and developments, such as the introduction of coffee pods and capsules, are expected to further propel the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for coffee for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the product types, distribution channels, and major regions of coffee.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global coffee market are Nestlé S.A., The Coca-Cola Company, The Kraft Heinz Company, The J.M. Smucker Company, JAB Holding Company, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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