Market overview
Excessive intake of caffeine can lead to increased discomfort, high blood pressure, and anxiety. This will introduce consumer concerns about the use of caffeinated drinks, especially coffee. Thus, it has increased global demand for theDecaf Coffee Market.
During the coronavirus outbreak, work from home, working hours, home-schooling, and other indoor activities have increased. Thus, coffee consumption has increased, and consumers were looking for new brands. For example, many consumers are becoming aware of excessive caffeine intake, which can cause insomnia, anxiety, and acid reflux, among other short- and long-term health problems. Thus, raising awareness of the harmful effects of high doses of caffeine is increasing the demand for decaffeinated coffee.
Extensive research in the GlobalDecaf Coffee Marketindicates that Significant growth in the market is expected in the expected period of 2023-2030.
Decaf coffee market sizeAnticipated to Rach at a 26.45 billion by 2030, with CAGR of 4.45% By 2023 - 2030.
Market Segmentation
The globalDecaf Coffee Marketis segregated based on type, category, form, distribution channel, and region.
Based on product type, the market is divided into Arabica, Robusta, and others.
Based on product category, theDecaf Coffee Marketis divided into Organic and Conventional. The growing demand for organic products is expected to increase the demand for organic decaf coffee due to growing awareness about the harmful long-term effects of pesticides on health.
The market is further divided based on product form including Ground and whole.
Ground coffee has gained popularity among
consumers due to its convenience and ease of brewing. The segment occupies the
largest share of the globalDecaf Coffee Market.
Based on the distribution channel the market is sub-divided into store-based and non-store-based. Most decaf coffee has sold through store-based retailers. This segment is divided into hypermarkets and supermarkets, specialty stores, and retail stores.
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Regional Classification
Geographically, theDecaf Coffee Marketis divided into North America, South America, Asia, Europe, and Africa.
Due to the availability of various types of decaf coffee at affordable prices, North America is dominating region in the Decaf coffee market. This has driven the growth of the regional market.
During the forecast period, the Asia-Pacific market is expected to register the highest CAGR in the market. This can be attributed to the growing preference of young people for decaf coffee.
Industrial News
TheDecaf Coffee Markethas a growing demand due to the existence of the key players. Several established players around the globe are working in this market, such as The Kraft Heinz Company, Nestle SA, Dunkin 'Brands Group, Inc., Eight O'Clock Coffee Company and Luigi Lavazza SPA.
High competition among industry players is leading to product innovation in terms of packaging, taste, and ingredients. It helps to expand the customer base and driveDecaf Coffee MarketGrowth.
In the United States, decaf coffee consumption has driven by the youths, who account for 19% of the market share, and most consumers want to limit their caffeine intake. Moreover, the increasing number of regional players makes theDecaf Coffee Marketdemand higher.
Key Players are:
Don Pablo Coffee (US), Cravium Foods LLP (India), Colombian Brew Ground Coffee (Colombia), The Kraft Heinz Company (US), Lifeboost Coffee (US), Dunkin' Brands Group, Inc. (US), Volcanica Coffee, LLC (Costa Rica), Nestl S.A. (Switzerland), Kicking Horse Coffee Co. Ltd. (Canada), Koffee Kult (US), Eight O'Clock Coffee Company (US), Cafedirect PLC (UK), Fresh Roasted Coffee LLC (US), and Grindhouse Coffee Roasters (UK)
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