Decaf Coffee Market Players, Overview, Competitive Breakdown and Regional Forecast By 2030.
Decaf Coffee
means coffee with less caffeine content as compared to conventional coffee.
90%-95% caffeine content of coffee beans is removed through various processes
resulting in decaf coffee. Decaf coffee has grown significantly in the hot
beverages industry due to the growing consumption of decaffeinated beverages.
The value of
the global decaf coffee market stood at USD
19.5 billion in 2022. This value is projected to reach USD 26.45 billion by 2030. The compound annual growth rate during
the forecast period is estimated to be 4.45%.
The Decaf Coffee Market research
report continues to witness steady growth, reflecting
the evolving consumer preferences for caffeine-free alternatives without
compromising on flavor. Health-conscious consumers, in particular, are driving
this trend, seeking decaffeinated options that maintain the robust taste and
aroma associated with regular coffee. Furthermore, the surge in specialty
coffee shops and the availability of a diverse range of decaffeinated coffee
products are contributing to market expansion. As the demand for decaf coffee
continues to rise, industry players are focusing on innovative decaffeination
processes and sustainable sourcing to meet the evolving expectations of
consumers while ensuring environmental responsibility. The Decaf Coffee Market
is poised for sustained growth in the coming years, as coffee enthusiasts
increasingly opt for caffeine-free options.
A huge
percentage of the global population, especially those 18-24 years, prefer low
caffeine intake. Growing awareness about the harmful effects of caffeine, such
as digestive problems, high blood pressure, muscle breakdown, anxiety, fatigue,
insomnia, and more, is fuelling the demand for decaf coffee, which boosts the
growth of this market. Demand for decaf coffee is also coming from the pregnant
female population because scientific research has shown that drinking
caffeinated beverages during the first 7 weeks of pregnancy increases the risk
of miscarriage. This trend is also propelling the growth of the global decaf
coffee market.
The covid-19
pandemic resulted in the closure of cafes and restaurants. It had a negative
effect on the market growth of decaf coffee. The availability of multiple
substitutes for decaf coffee is a major restraining factor for this market.
Market
Segmentation
On the basis
of product, the global decaf coffee market is divided into roasted and raw. Raw
decaf coffee accounted for 60% of the global revenues in 2019 and continues to
have the largest market share. Lower price, soft aroma and growing popularity
of home coffee roasters are the main reasons for the dominance of the raw
segment. The roasted segment is expected to register the highest CAGR in the
forecast period due to growing demand fuelled by roasted decaf coffee's better
aroma and flavour.
On the basis
of bean type, the market is divided into Arabica and Robusta. Arabica holds the
largest market share due to large scale cultivation and high demand owing to
naturally low caffeine content, naturally sweet taste due to high sugar content
and superior aroma and flavour. The Robusta segment is expected to grow at the
fastest rate in the forecast period, mainly due to lower prices of robusta
beans.
To get free sample copy: https://www.marketresearchfuture.com/sample_request/8591
On the basis
of distribution channels, the market is divided into offline stores and online
retailers. Offline stores hold the largest share because customers widely
prefer to purchase decaf coffee from supermarkets, hypermarkets and convenience
stores. The online segment is likely to register the highest CAGR in the
forecast period due to the growing popularity of online retail platforms.
Regional
Segmentation
On the basis
of regions, the global decaf coffee market is divided into North America,
Europe, Asia Pacific, Latin America and the Middle East and Africa.
Europe holds
the largest market share, accounting for 35% of the global revenues in 2019.
This is because coffee is very popular in this region, and people are becoming
more health-conscious. The Asia Pacific is estimated to grow at the fastest
rate in the forecast period due to the rising demand for decaf coffee.
Key Players are:
decaf coffee market 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), Nestlé 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)
Liquid Coffee Market Research Report
Information By Coffee Type (Espresso, Cappuccino, Americano, Latte, and
Others), By Serving Type (Hot Coffee and Cold Coffee), By Application (Take
Away/Delivery and Dine-in Coffees), By Foodservice Type (Coffeehouse &
Beverage Shops, Bakery Shops & Restaurants, and Others), And By Region
(North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast
Till 2032
Instant Coffee Market Research Report
Information By Category (Traditional, Decaffeinated), By Type (Freeze-dried,
Spray-dried), By Distribution Channel (Store-Based, Non-Store-Based), And By
Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market
Forecast Till 2030
NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part
of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor,
New York, New York 10013, United States of America
PH no.: +1 646 845 9312
Email: sales@marketresearchfuture.com
Comments
Post a Comment