Tuesday, May 28, 2024

Global Caffeinated Roasted Coffee Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Caffeinated roasted coffee refers to a type of coffee made from roasted coffee beans that contain caffeine, a natural stimulant known for increasing alertness and decreasing fatigue.

Sizing and Forecast
The caffeinated roasted coffee market size has grown strongly in recent years. It will grow from $34.79 billion in 2023 to $37.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%.  The  growth in the historic period can be attributed to cultural and social trends, consumer preferences, globalization and trade, marketing and branding, lifestyle changes..

The caffeinated roasted coffee market size is expected to see strong growth in the next few years. It will grow to $48.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.  The growth in the forecast period can be attributed to sustainability and ethical sourcing, health and wellness trends, innovations in coffee products, e-commerce and online retail, premiumization and specialty coffee.. Major trends in the forecast period include health-conscious coffee trends, artificial intelligence in coffee production, cultural influences on coffee flavors, packaging innovations, coffee tourism and experiential marketing..

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Segmentation & Regional Insights
The caffeinated roasted coffee market covered in this report is segmented –
1) By Type: Arabica, Robusta
2) By Distribution Channel: Offline, Online
3) By Application: Cafes And Bars, Hotel And Restaurants, Other Applications

Europe was the largest region in the caffeinated roasted coffee market in 2023. Asia-Pacific is expected to be the caffeinated roasted coffee market report during the fastest-growing region in the forecast period. The regions covered in the caffeinated roasted coffee market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The growing popularity of coffee among millennials is propelling the growth of the caffeinated roasted coffee market. Millennials are the demographic cohort generally defined as individuals whose age group is of 25-39 years. Millennial coffee consumption is shaped by various factors, including a preference for alternative health options, demand for better quality coffee offerings, and convenience, ultimately contributing to the growth of coffee consumption. For instance, in 2021, according to the National Coffee Data Trends (NCDT) Fall Report published by the National Coffee Association, a US-based non-profit membership-based organization, there was a substantial rise in coffee consumption among the younger demographic, particularly among the millennials, with 65% of the total coffee consumption in 2021, while 49% of 25-to-39-year-olds increased the consumption of specialty coffee, driving sales in the specialty coffee segment. Therefore, the growing popularity of coffee among millennials is driving the growth of the caffeinated roasted coffee market.

Key Industry Players
Major companies operating in the caffeinated roasted coffee market are focusing on innovating products, such as the Sonnets, to provide a competitive edge in the market. Sonnets are premium roast and ground coffee with caffeine designed for coffee lovers. For instance, in June 2021, Tata Consumer Products, an Indian-based consumer goods company launched Sonnets. Sonnets are processed uniquely and roasted with high-quality Arabica beans. Sonnets provides with various blends and flavors, such as Dark Chocolate, Caramel, Toasted Nuts. Sonnets is available in Arabica Red Honey, a medium roast and dark roast French Press grinds coffee.

The caffeinated roasted coffee market report table of contents includes:
1. Executive Summary

2. Caffeinated Roasted Coffee Market Characteristics

3. Caffeinated Roasted Coffee Market Trends And Strategies

4. Caffeinated Roasted Coffee Market - Macro Economic Scenario

5. Global Caffeinated Roasted Coffee Market Size and Growth

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31. Global Caffeinated Roasted Coffee Market Competitive Benchmarking

32. Global Caffeinated Roasted Coffee Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Caffeinated Roasted Coffee Market

34. Caffeinated Roasted Coffee Market Future Outlook and Potential Analysis

35. Appendix


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