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Coffee Market Share, Size,Demand, Segmentation, Outlook and
Forecasts to 2025 | Hexa Research
“ global coffee market has witnessed steady growth over the years and will
continue doing so throughout the forecast period.”
28 December 2018
Emerging as perhaps the most consumed beverage in developed countries and the most widely produced
beverage in developing nations, the global coffee market has witnessed steady growth over the years and will
continue doing so throughout the forecast period. Growing population around the world, rise in disposable
income, availability of a wide range of products at varied prices, and strong production, distribution, and
promotional activities by vendors are some of the leading factors driving the global market.
The millennial population, which forms a major target audience for most market participants, is highly
influential as well as experimental when it comes to new tastes and trends. According to the U.S. National
Coffee Association, an estimated 44.0% of the coffee demand in the country stems from millennials. Between
2008 and 2016, daily consumption rose from 51.0% to 60.0% among 25 to 39 year olds, while among people
between the ages of 18 and 24, consumption went up from 34.0% to 48.0%.
The millennials’ presence on social media, coupled with a surge in establishment of cafes and restaurants,
has had a significant impact on the coffee industry. To suit their evolving tastes, vendors have been
introducing unique, high-quality, customized, and specialized products with new aromas and flavors. Be it
instant, roasted and ground, ready to drink, boiled, infused, iced, or black–coffee is available in a host of
varieties today.
Browse Details of Report @ https://www.hexaresearch.com/research-report/coffee-market
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