The global coffee market is projected to grow at a CAGR of around 5% during the forecast period. The key factors that drive the growth of the market include the increasingly urban and young population pool entering the middle-class segment, which surges the consumption of coffee and caffeine-based products. Besides, this pool is also willing to pay for premium products; thereby, influencing the overall value of the coffee market.

Whereas, in developed economies, such as in the US, shifting trend of consumers towards premiumization and branded on-the-go beverages have augmented the market over the forecast period. Moreover, health benefits offered by coffee such as it aids in the prevention of Parkinson’s disease, gastrointestinal cancer, lung cancer, and breast cancer is reinforcing the growth of the market in developed economies. Other uses include treatment of headache, low blood pressure, obesity, and attention deficit-hyperactivity disorder (ADHD). Rectally, coffee is used as an enema to treat cancer. Thus, this is likely to flourish the market growth during the forecast period.

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Market Coverage
Market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Coffee Market – Segmentation

By Product Type

Whole-Bean
Ground Coffee
Instant Coffee
Coffee Pods and Capsules

By Distribution Channel

On-Trade
Off-Trade

By Application

Hot Drinks Coffee
Ready to Drink Coffee
Flavored Beverage Coffee
Others

A full report of Global Coffee Market available @ https://www.omrglobal.com/industry-reports/coffee-market

 Coffee Market – Segmentation by Region 

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

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