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Global Coffee Industry Report: Analysis and Forecast 2022-2027

Global Coffee Industry Report: Analysis and Forecast 2022-2027

Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Coffee Industry Report

The global coffee industry was valued to be worth USD 119.60 billion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 4.8 percent, achieving a value of around USD 158.63 billion by 2027.

The coffee industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. One of the most prevalent and famous beverages in the world. It can be prepared and eaten in numerous ways. It is particularly popular due to its high caffeine content. Coffee consumption is a cultural phenomenon in many areas. Latin America and Brazil are the biggest category spender by region which is impelling the demand for the coffee industry.

Coffee: Industry Definition and Segmentation

Coffee is a brewed liquid derived from roasted coffee beans, the seeds of certain Coffea genus flowering plants, and the berries of certain Coffea genus flowering plants. It is a dark-colored, bitter, slightly acidic beverage that has a stimulating impact due to its caffeine content. It is one of the most well-known beverages, and it can be prepared in a variety of ways (for example, espresso, French press, caffè latte, or previously brewed and bottled coffee). Coffee is typically served hot, however, cooled, or iced coffee is also popular. Because it has a bitter taste, it is usually flavoured with sugar, sugar substitutes, milk, or cream.

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Scope

The coffee industry report comprises segments by:

  • Product Type: Whole-bean, Ground, instant, coffee pods and capsules, and other
  • Distribution Channels: On-Trade, off-Trade
  • Region: North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

Snapshot of the Report

The regional market for the coffee industry can be divided into North America, Europe, Asia Pacific, the Middle East, and Africa, and South America.

Read Full Report with Table of Contents: – https://www.procurementresource.com/reports/coffee-industry-report

Category Drivers

  • Coffee is enticing since it is simple to consume, inexpensive, and trendy due to its flavor. Furthermore, the popularity of specialty coffees, single-serve methods, and ready-to-drink item coffees is growing.
  • Furthermore, changing customer preferences for organic and certified products are projected to drive the market in the future. In addition, the fall in carbonated beverage consumption has benefited the growth of the coffee bean sector.

Category Insight by Region

  • Brazil, the world’s top coffee grower, contributed 40% of the global coffee supply. Vietnam was the world’s second-largest producer of coffee, accounting for over 20% of global output.
  • As a result, Latin America is the most important region in the global coffee market, with the Asia Pacific experiencing consistent expansion.
  • The originator Coffee boosts energy, is good for weight loss, and has been linked to a lower incidence of depression, among other health advantages.
  • As a result, it has become a popular beverage in many people’s daily lives, contributing to the market’s growth. Because instant coffee contains antioxidants that aid metabolism and has low caffeine content, it is a popular choice among customers.

Best Procurement Practices

The Procurement Resource’s global coffee industry report gives an extensive analysis of the best buying practices followed by coffee supplying and consuming regions around the world, including engagement models, buyer, and supplier negotiation levers, and contract terms among others.

Category Management Analyses

The prominent companies in the market coffee are Nestlé S.A., The Coca-Cola Company, The Kraft Heinz Company, The J. M. Smucker Company, and JAB Holding Company.

The industry report contains mergers and acquisitions, plant shutdowns, investments/divestments, capacity additions, and other latest developments in the market.

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Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.