Global Coffee And Tea Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Coffee And Tea Market Report by The Business Research Company covers coffee and tea market drivers and restraints, coffee and tea market size, major players, and the impact of COVID-19 on the coffee and tea market.
The coffee and tea market consists of sales of coffee and tea by entities (organizations, sole traders and partnerships) that produce roasting coffee, blending tea, coffee and tea concentrates, herbal tea, coffee extracts, flavorings and syrups. The companies in the coffee and tea industry process raw materials into roasting coffee, blending tea, coffee and tea concentrates, herbal tea, coffee extracts, flavorings and syrups, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Increasing demand for ready-to-drink (RTD) beverages is expected to drive the coffee and tea market in the forecast period. The global coffee and tea market is expected to grow from $140.2 billion in 2020 to $143.08 billion in 2021 at a compound annual growth rate (CAGR) of 2.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $193.78 billion in 2025 at a CAGR of 8%.
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Some coffee and tea market trends include coffee companies are increasingly offering coffee subscription services to consumers. Coffee subscription services provide home delivery of coffee products to consumers for a subscription fee charged on a weekly or monthly basis.
Global coffee and tea market segments include:
1) By Type: Coffee, Tea.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
3) By Form: Liquid, Powder, Capsules.
4) By Packaging: Containers, Bags, Packets Or Pouches.
Subsegments Covered: Roasted Coffee, Coffee Concentrates, Essences And Extracts, Other Coffee, Black Tea, Green Tea, Specialty Tea, Other Tea.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global coffee and tea market, accounting for 46% of the market.
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The Coffee And Tea Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides coffee and tea market overviews, analyzes and forecasts market size, share, coffee and tea market players, coffee and tea market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The coffee and tea market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Coffee And Tea Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: US producers Farmer Bros, Keurig Dr Pepper, JM Smucke, ITO EN, Maxingvest AG.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Coffee And Tea Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Coffee And Tea Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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