FACTS AT A GLANCE
Editing: 8; Posted: April 2021
Executive pool: 1902
Companies: 474 – Players covered include Jacobs Douwe Egberts BV; Nestec, Inc .; Starbucks Corporation; The JM Smucker Company; The Kraft Heinz Company et al.
Blanket: All major geographies and key segments
Segments: Segment (atomized, lyophilized)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Instant Coffee Market To Reach $ 41.8 billion by 2026
Amid the COVID-19 crisis, the global instant coffee market estimated at 34 billion US dollars in 2020, is expected to reach a revised size of US $ 41.8 billion by 2026, with a CAGR of 3.5% over the analysis period. Spray drying, one of the segments analyzed in the report, is expected to register a CAGR of 3.8% and reach US $ 30.1 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the freeze-dried products segment is readjusted to a revised CAGR of 2.8% for the next 7-year period.
The US market is estimated at $ 9.4 billion in 2021, when China is expected to reach $ 8.5 billion by 2026
The instant coffee market in the United States is estimated at 9.4 billion US dollars in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 8.5 billion US dollars by 2026, with a CAGR of 6.3% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 1% and 2.6% respectively over the analysis period. In Europe, Germany is expected to grow at around 1.7% CAGR. Following
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