Published By : 01 Dec 2016 | Published By : QYRESEARCH
Coffee is one of the popular beverages consumed across the globe. As a result, the global coffee industry is highly competitive in nature and is expected to witness intense competition in the next few years. In addition, the increasing number of players in this field is likely to offer potential opportunities for the market players. Instant coffee is a formulation created that has gained immense popularity in the last few years.
The growing culture of café and the rising demand for Robusta coffee are some of the primary factors estimated to fuel the growth of the global instant coffee market in the next few years. In addition, the optimal alternative for time-pressed consumers and the rising number of innovative flavors are likely to encourage the growth of the global market in the next few years.
The global instant coffee market, however is expected to restrict the growth owing to the presence of substitutes and the volatility in price of green coffee beans. Moreover, the rising inclination of American consumers towards fresh coffee is another factor hampering the growth of the global instant coffee market. Nonetheless, the introduction of innovative and new flavors and rising competition in the market are projected to encourage the growth of the market in the next few years.
The rising focus of key players on market penetration and increasing investments on market activities are expected to drive the demand for instant coffee in the next few years. Moreover, the easy availability of these products in departmental stores, convenience stores, supermarkets, and hypermarkets is predicted to accelerate the growth of the instant coffee market across the globe.
Some of the prominent players operating in the global instant coffee market are Starbucks, The J.M. Smucker Company, Strauss Coffee, Kraft Heinz, Tata Coffee, JDE, Trung Nguyen, InterNatural Foods, Keurig Green Mountain, AMT Coffee, COLCAFÉ S.A.S., Lavazza, Tchibo Coffee, AJINOMOTO GENERAL FOODS, and Nestlé. The rising production of coffee and the tremendously rising demand are estimated to contribute extensively towards the growth of the overall market.