PUBLISHER: The Business Research Company | PRODUCT CODE: 1409346
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409346
“Decaffeinated Roasted Coffee Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on decaffeinated roasted coffee market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for decaffeinated roasted coffee? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The decaffeinated roasted coffee market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Decaffeinated roasted coffee is a type of regular coffee from which the majority of caffeine has been removed, catering to individuals who prefer coffee without the stimulating effects of caffeine.
This decaffeinated coffee is available in various forms, including whole beans, ground coffee, and other variations. Ground coffee, for instance, consists of roasted coffee beans that have been finely ground for brewing. These products are distributed through different channels, such as supermarkets, hypermarkets, specialty stores, and online retail, serving both retail/household consumers and the food service industry.
The decaffeinated roasted coffee market research report is one of a series of new reports from The Business Research Company that provides decaffeinated roasted coffee market statistics, including decaffeinated roasted coffee industry global market size, regional shares, competitors with an decaffeinated roasted coffee market share, detailed decaffeinated roasted coffee market segments, market trends and opportunities, and any further data you may need to thrive in the decaffeinated roasted coffee industry. This decaffeinated roasted coffee market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The decaffeinated roasted coffee market size has grown strongly in recent years. It will grow from $2.63 billion in 2023 to $2.82 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth observed in the historic period can be attributed to the heightened awareness of caffeine sensitivity among consumers, the expanding market for specialty coffee, the increasing demand for diverse coffee options, consumer preferences leaning towards premium products, and effective marketing strategies emphasizing the health benefits associated with decaffeinated roasted coffee.
The decaffeinated roasted coffee market size is expected to see strong growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to the sustained focus on health and wellness, ongoing innovation in decaffeination processes, the increasing popularity of specialty coffee, a growing interest in sustainable coffee practices, and the expanding market for functional beverages. Major trends expected in the forecast period include the diversification of decaf coffee formats, the promotion of gourmet decaf coffee experiences, the influence of social media on decaf coffee trends, the introduction of non-dairy decaf alternatives, and the adoption of carbon-neutral practices in the industry.
The heightened awareness regarding the potential adverse physiological impacts linked to caffeine consumption is anticipated to drive the expansion of the decaffeinated roasted coffee market. Caffeine, a bitter substance present in coffee plant beans and other sources, acts as a stimulant with recognized physiological effects. Recent trends indicate an increasing consciousness among individuals about the potential health risks associated with caffeine intake, leading to a preference for decaffeinated coffee alternatives. For instance, a study conducted by the University of South Australia in August 2022 suggested that consuming six or more cups of coffee daily might reduce the risk of heart disease by up to 22%. This growing awareness about caffeine's harmful effects serves as a significant driver propelling the growth of the decaffeinated roasted coffee market.
The surge in coffee consumption is poised to fuel the expansion of the decaffeinated roasted coffee market in forthcoming years. Coffee, a globally popular beverage derived from roasted coffee beans, owes its stimulating properties to the presence of caffeine. The escalating consumption of coffee has resulted in increased demand for decaffeinated roasted coffee, fueled by a diverse and robust coffee industry catering to varied consumer preferences and lifestyle choices. According to the International Coffee Organization's report in April 2023, world coffee consumption surged by 4.2% to reach 175.6 million bags in 2021/22, followed by a 0.6% increase in the previous year, underscoring the driving force behind the growth of the decaffeinated roasted coffee market.
The ascent of e-commerce platforms is expected to be a significant driver propelling the decaffeinated roasted coffee market. E-commerce, involving online buying, selling, and transaction of funds or data primarily over the internet, offers a substantial avenue for coffee retailers to expand their reach to a wider consumer base. This digital landscape facilitates consumer access to explore and purchase decaffeinated roasted coffee products with convenience. As per the International Trade Administration's data in September 2022, consumer e-commerce contributed 30% to the UK's retail sector (up from 20% in 2020), generating over $120 billion in annual revenue. The statistics further revealed that in 2021, 82% of individuals in the UK made at least one online purchase, signifying the escalating influence and growth of e-commerce, subsequently propelling the decaffeinated roasted coffee market.
Product innovation emerges as a prominent trend embraced by major companies striving to fortify their market presence in the dynamic landscape of the decaffeinated roasted coffee market. Notably, Brewpoint Coffee, a US-based player in the decaffeinated roasted coffee segment, introduced an innovative range in August 2022 - CBD-Infused Coffees named 'Over the Moon.' This novel offering aims to deliver an elevated experience and a relaxed ambiance throughout the day. The 'Over the Moon' series comprises two distinctive coffees such as New Moon and Full Moon. New Moon presents a medium-roast CBD single-origin Ethiopian coffee infused with caramel, green tea, jasmine, and lemon, offering a unique flavor profile. On the other hand, 'Full Moon' offers a medium-roast, decaf CBD single-origin Colombian coffee meticulously crafted from 99.9% decaffeinated coffee beans, delivering a rich, smooth, and full-bodied taste accented with toasted almond and hazelnut undertones.
In February 2023, Westrock Coffee Company, a key player in the US coffee, tea, and extracts manufacturing sector, strategically completed the acquisition of Bixby Roasting Co for an undisclosed sum. This strategic move aligns with Westrock's commitment to expanding its footprint in new geographical markets and staying responsive to evolving consumer preferences. Bixby Roasting Co, also headquartered in the US, specializes in roasted coffee manufacturing, with a notable focus on decaffeinated roasted coffee.
Major companies operating in the decaffeinated roasted coffee market report are Luigi Lavazza S.p.A, Nestle S.A, Joe Coffee Company, Peet's Coffee & Tea Inc, The Kraft Heinz Company, Tim Hortons Inc, Volcanica Coffee Company, Cafe Don Pablo, Caffe Nero Group Holdings Ltd, Swiss Water Decaffeinated Coffee Inc, Tchibo Coffee International Limited, The JM Smucker Company, Lifeboost LLC, Kicking Horse Coffee Co Ltd, Koffee Kult Corp, Cafedirect PLC, Dunkin' Brands Group Inc., Eight O'Clock Coffee Company, No Fun Jo Decaf, Fresh Roasted, Colombian Brew Ground Coffee, Caribou Coffee Operating Company Inc., Jacobs Douwe Egberts Pro, Massimo Zanetti Beverage Group, Illycaffe S.p.A, Bewley's Tea & Coffee, Alois Dallmayr KG, Cameron's Coffee, Puroast Coffee Company, Allegro Coffee Company .
Europe was the largest region in the decaffeinated roasted coffee market in 2023. The regions covered in the decaffeinated roasted coffee market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the decaffeinated roasted coffee market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The decaffeinated roasted coffee market consists of sales of liberica and excelsa coffee bean species. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.