PUBLISHER: 360iResearch | PRODUCT CODE: 1496733
PUBLISHER: 360iResearch | PRODUCT CODE: 1496733
[196 Pages Report] The Instant Coffee Market size was estimated at USD 15.89 billion in 2023 and expected to reach USD 16.91 billion in 2024, at a CAGR 6.87% to reach USD 25.32 billion by 2030.
Instant coffee comprises the coffee in a powdered or granulated form that can be quickly prepared by adding hot water or milk. It caters to a diverse consumer base, ranging from individuals seeking convenience to those with limited access to fresh coffee or brewing equipment. It offers a quick, convenient, and consistent solution for coffee consumption, thus appealing to time-conscious consumers as well as places where traditional brewing is not feasible. The growing adoption of a fast-paced lifestyle among consumers is increasing the demand for instant coffee due to its convenience and ease of preparation. Increased availability in supermarkets, hypermarkets, and e-commerce platforms contributes to market growth. Fluctuations in coffee bean prices and the environmental impact of coffee cultivation and packaging waste are hampering the growth of the market. The growing development of instant coffee with added health benefits such as vitamins, minerals, and antioxidants attracts health-conscious consumers are expected to create opportunities for market growth.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 15.89 billion |
Estimated Year [2024] | USD 16.91 billion |
Forecast Year [2030] | USD 25.32 billion |
CAGR (%) | 6.87% |
Regional Insights
In the Americas, instant coffee is often perceived as a convenient and less preferred option compared to fresh coffee. However, recent trends show a growing interest in premium and specialty instant coffee blends, especially among young adults leading fast-paced lifestyles. The market is also witnessing a spike in demand for organic and fair-trade products. In South America, consumers are willing to pay a premium for instant coffee that promises a gourmet experience or ethical sourcing. Within the European Union, health and environmental consciousness is driving the demand for organic, fair-trade, and eco-friendly coffee options. Consumers in this region also tend to favor instant coffee brands embracing sustainable manufacturing practices. The Middle East and Africa show a growing trend for instant coffee, linking it to Westernization and the fast-paced lifestyle of its urban population. As one of the fastest-growing markets for instant coffee, Asia-Pacific's preferences are evolving towards premium and imported brands. The burgeoning middle class and the young demographic have showcased an increased appetite for convenient and high-quality coffee options.
Market Insights
The market dynamics represent an ever-changing landscape of the Instant Coffee Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Instant Coffee Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Instant Coffee Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Kraft Heinz Looks to Revive Maxwell House Brand with New Instant Iced Latte with Foam
Kraft Heinz launched its Maxwell House brand, aiming to reconnect with a younger demographic by introducing an innovative iced latte with foam, the brand's pioneering product release in almost a decade. Historically dominant in the American coffee market, Maxwell House has witnessed a decline in popularity as consumer preferences have evolved towards more artisanal brewing methods. The new Maxwell House Iced Latte with Foam seeks to create a distinctive offering that delivers convenience and a unique coffee experience, boasting the ease of preparation that simply requires a single packet, cold water, and a stir, potentially positioning the timeless brand as a contender amongst modern coffee connoisseurs. [Published On: 2023-07-26]
Nestle to Launch its First Instant Coffee for Iced Beverages
Nestle introduced its Nescafe Ice Roast in China, tapping into the burgeoning market for at-home iced coffee preparations. Recognizing a shift in consumer preferences, particularly among Generation Z, towards convenient cafe-style cold beverages, Nestle is launching this novel instant coffee specifically formulated for cold consumption. The market release in China, where instant coffee holds a significant 60% share of the coffee market, precedes a subsequent introduction in Mexico. [Published On: 2023-04-18]
Tata Strengthens Instant Coffee Portfolio, Launches Tata Coffee Grand Premium
Tata Consumer Products has unveiled 'Tata Coffee Grand Premium,' enhancing its portfolio with a focus on indulgent consumer experiences. This new offering is introduced alongside an innovative marketing wave, leveraging the engaging power of ASMR to illustrate the artistry behind the coffee's creation. The campaign film meticulously unfolds the sensory odyssey from the untouched bean to the aromatic cup, illustrating the meticulously orchestrated process of cultivation, selection, drying, and precise roasting. This culminates in the brand's iconic 'Shik Shik Shik' auditory hallmark that echoes the freshness and quality of Tata Coffee Grand's flavour-encapsulated crystals. [Published On: 2023-01-04]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Instant Coffee Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Instant Coffee Market, highlighting leading vendors and their innovative profiles. These include Alpine Start, Inc., CAFEA GmbH, CCL Products (India) Limited, Hintz Foodstuff Production Gmbh, JDE Peet's N.V., Joe Coffee, Kava Coffee Company, Leo Coffee, Luigi Lavazza S.p.A., Nestle S.A., Neumann Gruppe GmbH, Productos Solubles, Ltd., SiccaDania A/S, Sri Narasu's Coffee Company Private Limited, Starbucks Corporation, Strauss Group Ltd., Tata Consumer Products Limited, Tchibo Coffee International Ltd., The J. M. Smucker Company, The Kraft Heinz Company, Tim Hortons by The Restaurant Brands International, Inc., Unilever PLC, Valentus, Inc., WAKA COFFEE, INC., and Zino Davidoff SA.
Market Segmentation & Coverage