Rising Popularity of Instant Coffee Machines is Propelling the Momentum of Instant Coffee Market - TMR
ALBANY, New York, Aug. 20, 2019 /PRNewswire/ -- According to instant coffee market report by Transparency Market Research, the market is experiencing a robust growth during the forecast of 2017 to 2025. The report states that the growth of the market is the result of changing lifestyle of the people. According to the experts, people are looking for the things that is ready to eat or can be eaten while travelling. This trend has also influenced the coffee drinkers at global level. Due to these changing dynamics, the global instant coffee market is expected to witness a substantial growth in the forecast period of 2017 to 2025.
- CAGR of 4.8% to be Witnessed by Market
- According to the report, the market is expected to generate revenue of US$ 42.5 bn by the end of the forecast period. This substantial hike of the market is the result of rising popularity of instant coffee owing to the benefits such as instant coffee preparation and wide variety of flavors.
- The global instant coffee market is expected to witness 4.8% CAGR in the projected tenure. This consistent growth is result of growth of freeze-drying segment under packaging category of the global instant coffee market during the forecast period.
- After analyzing historical data of global instant coffee market, the experts at Transparency Market Research states that the market stood at US$ 28.12 bn by the end of 2016.
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- Asia Pacific to Cover 37% of the Overall Growth Share
Geographically, the global instant coffee market has its presence in regions such as North America, Asia Pacific, Europe, and Middle East and Africa. Out of these regions, Asia Pacific is expected to exhibit maximum potential for the players of instant coffee market. In other words, the region accounts for approximately 37% of overall growth share.
The growth of the region is the result of growing production of coffee in countries such as India and China. Moreover, the growing export business for instant coffee is also one of the major factor that is expected to propel the growth of Asia Pacific in instant coffee market.
- Growing Ready-to-eat Trend to Fuel the Growth of the Market
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