Rockville, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The global instant coffee market is forecasted to expand at a CAGR of 5% during the forecast period (2023 to 2033). Global demand for instant coffee is estimated to reach a market valuation of US$ 69.2 billion by the end of 2033, according to data provided by Fact.MR, a provider of market research and competitive intelligence.

Instant coffee is prepared quickly and conveniently just by adding an instant coffee sachet to boiling water. Growing urbanization and changing lifestyles are some pivotal factors influencing the demand for instant coffee, especially among youngsters, around the world. These new customers find instant coffee more attractive. Modernization is another significant factor, which is fueling the rising demand for instant coffee.

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There is increasing demand for in-home coffee consumption in developing economies. Convenience in coffee preparation and changing lifestyles are causing consumers to adopt instant coffee. Coffee is consumed for reducing fat, increasing microbiome diversity, providing essential nutrients, and improving energy levels. Many people are addicted to coffee and need it to stay awake at work. Thus, owing to the hectic work culture, organizations and places of work ensure easy access to instant coffee facilities for employees. Consumers also prefer to carry their coffee with them due to the rising trend of on-the-go food.

Key Takeaways from Market Study

• The global instant coffee market is valued at US$ 42.5 billion in 2023.
• Demand for instant coffee is estimated to reach a market valuation of US$ 69.2 billion by the end of 2033.
• Sales of instant coffee are projected to increase at a CAGR of 5% from 2023 to 2033.
• Demand for instant coffee in Germany is forecasted to increase at a CAGR of 3.6%.
• Sales of instant coffee in Canada are projected to expand at a CAGR of 4% through 2033.
  

Key Companies Profiled

• Jacobs Douwe Egberts B.V.
• Starbucks Corporation
• The J.M. Smucker Company
• The Kraft Heinz Company
• Tata Global Beverages Ltd.
• Nestle
• Trung Nguyen
• Matthew Algie Company Limited

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Competitive Landscape

Prominent market players are involved in expanding their footprints overseas and introducing new products to enhance sales of instant coffee over the coming 10 years.

For instance,

• In June 2022, GEA started the installation of a production facility for the manufacture of two complete lines of spray-dried and freeze-dried instant coffee for OFI (Olam Food Ingredients), with a scheduled start of production in 2023. This new plant is established in Espirito Santo, Brazil, which is a conilon bean-producing region. These beans are similar to robusta and are used in instant and espresso coffee production.
• A majority of Blue Bottle Coffee is owned by Nestle. In October 2022, the company launched an instant espresso, which allows consumers to produce premium drinks at home without any requirement for brewing expertise or pricey coffee machines.
• In July 2021, Starbucks and Nestle announced the launch of RTD coffee beverages in Latin America, Oceania, and Southeast Asia.
• In March 2020, Cusa Tea announced the development of Cusa Coffee. This newly developed coffee production utilizes the evaporative dehydration process, which is the same as in Cusa Tea. Each box contains seven instant packets and can prepare an 8-ounce cup of brewed coffee within 3 seconds.
• In February 2020, Nestle announced the launch of Starbucks premium instant coffee, including dark and medium roast coffee. The United Kingdom, South Africa, Australia, Thailand, Brazil, Ireland, Chile, Singapore, Mexico, Greater China (Taiwan, Hong Kong, and Mainland China), Japan, New Zealand, and Malaysia are some regions where these products are offered in single-serve and multi-serve forms.
  

Segmentation of Instant Coffee Industry Research

• By Material:
• By Packaging:
  • Jars
  • Sachets
  • Pouches
  • Others
• By Distribution Channel:
  • Supermarkets & Hypermarkets
  • B2B
  • Independent Retailers
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
    

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global instant coffee market for the period (2023 to 2033).

The study divulges essential insights into the market on the basis of material (freeze-dried, spray-dried), packaging (jars, sachets, pouches, others), distribution channel (supermarkets & hypermarkets, B2B, independent retailers, others), and across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

Key Questions Covered in the Instant Coffee Market Report

• What will be the estimated size of the Market in 2023?
• At what rate will sales in the global Instant Coffee Market grow until 2033?
• Which are the factors hampering the Instant Coffee market?
• Which region will spearhead the growth in the global industry during 2023-2033?
• Which are the factors driving sales in the Instant Coffee Market during the forecast period?
  

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