Albany, NY -- (SBWIRE) -- 07/18/2018 -- Along with tea, coffee has become one of the world's most popular drinks. While most coffee consumed is fresh brewed, a small fraction is made from instant coffee granules. Instant coffee has become quite popular amongst the common people due to rising urbanization and economic growth. Recently, a study titled "Global Instant Coffee Market by Manufacturers, Regions, Type and Application, Forecast to 2023" has been publicized to the wide database of Market Research Hub (MRH), offering readers an in-depth analysis and insights on the key factors that are driving the growth of the market.
In a bid to offer clear and accurate results, this 129-page study provides a complete perspective on market development in terms of revenue estimations (in US$ Bn) across various geographies, comprising North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America. According to the study findings, the worldwide market for Instant Coffee is expected to grow at an impressive CAGR of 4.2% over the next five years and will reach 30100 million US$ in 2023, from its valuation 23500 million US$ in 2017.
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Key Highlights from the Report
It has been analyzed in the study that, the easy availability of instant coffee across several channels has been backing considerably to its rising fame. The new coffee drinkers in the emerging markets find instant coffee appealing as it comes with many benefits and is able to satisfy their evolving tastes. The initial section of the report offers a detailed overview of the market along with its market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the market and how it could influence the market in the near future.
Moreover, the research finds that innovation is another major factor that helps maintain a perennial demand for instant coffee globally. Manufacturers come up with new innovative ideas to develop and improve the quality, aroma and flavor of the instant coffee so that it tastes just like a freshly brewed coffee.
The research study broadly categorizes the global instant coffee market on the basis of manufacturers, regions, type and application. By type, instant coffee is commercially prepared by either freeze-drying or spray drying, after which it can be rehydrated. Application-wise segmentation includes Supermarket, Online Sales and others. For each segment, the study presents information along with sales, market share and growth rate until the end of 2023. Geographically, the research finds that Brazil represents the world's largest producer followed by Vietnam. On the basis of consumption, Europe represented the world's largest instant coffee consumer followed by China and USA.
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Later, the competitive landscape offered in the report is a valuable resource for readers, as it helps in determining the complete competitive scenario in the market. At present, key players active in this market include Nestle, Trung Nguyen, Starbucks, Tchibo Coffee, The Kraft Heinz, JDE, Vinacafe, Tata Global Beverages, Smucker, Unilever and Power Root.
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