The Global Coffee Substitute Market to Achieve Market Revenue

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USA, Rockville MD, 19 Jul. 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, global sales of coffee substitutes are expected to grow at a CAGR of 4.2% from 2022 to 2032.

The market for coffee substitutes is growing due to the growing trend towards veganism among a large portion of the world’s population. The coffee alternatives market is expected to witness decent growth prospects due to the expansion of product development in the area of ​​food alternatives or substitutes.

The report offers up-to-date analysis regarding the current global market scenario, latest trends and drivers, and overall market environment. The market is driven by growing demand for green tea, growing interest in organic tea among retailers, and possible health implications of caffeine.

The coffee substitutes market analysis includes distribution channel segment and geographical landscape.

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Key Jthe alleys market research:

  • The global market for coffee substitutes is estimated at US$13.06 billion in 2022
  • Global Coffee Substitutes Market Revenue is growing at a CAGR of 4.2% over the assessment period 2022-2032.
  • Sales of coffee substitutes are expected to grow at a CAGR of 4.2% from 2022 to 2032.
  • Europe is in the lead with a 27.1% share of the world market for coffee substitutes.
  • Rapid urbanization, lifestyle changes, increasing sales of organic coffee substitutes, and growing innovation in packaging solutions are driving the growth of the market in North America.

The global coffee substitutes market is segmented into kind, packaging, distribution channel and region. By nature, the market is divided into organic and conventional. According to the packaging, it is classified into pouches, cans and aseptic cartons. According to the distribution channel, it is separated into online and hypermarket/supermarket, convenience stores and department stores. Regionally, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

Caffeine Substitute Market Scope and Market Size

The caffeine substitutes market is segmented on the basis of nature, packaging, and distribution channel. The growth among the different segments helps in better growth analysis and strategies for a better view of the market.

  • On the basis of nature, the caffeine substitutes market is segmented into organic and conventional.
  • Based on packaging, the caffeine substitutes market is segmented into aseptic sachets, cans and cartons.

The caffeine substitutes market is also segmented on the basis of distribution channel into online, hypermarket/supermarket, convenience stores and department stores.

Based on the distribution channel, the coffee substitutes market is segmented into online stores, supermarkets, convenience stores and department stores. Sales of coffee substitutes in online stores are expected to grow at the highest CAGR over the next few years.

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Competitive landscape

Major companies operating in the coffee substitutes market are changing their retail strategy and focusing on online stores, which are expected to become major sales channels soon. Coffee substitute suppliers are adopting strategies to raise awareness about the harmful effects of coffee and the health benefits of coffee substitutes to drive sales.

For instance :

  • Teeccino and Ayurvedic Roast Company use natural and organic ingredients with no artificial additives. Additionally, by including gluten-free and vegan ingredients, these manufacturers are targeting a wider global audience. Ayurvedic Roast Company uses Ayurvedic herbs such as Brahmi, Shatavari and Ashwagandha when making coffee substitutes.

The use of herbal ingredients can add a wide range of health benefits to coffee substitutes, which can help market players increase their global sales.

Key Segments Covered by the Coffee Substitutes Industry Research

  • Coffee Substitutes Market by Nature:
    • Organic coffee substitutes
    • Conventional coffee substitutes
  • Coffee Substitutes Market by Packaging:
    • Pouches
    • Cans
    • Aseptic cartons
  • Coffee Substitutes Market by Distribution Channel:
    • Online stores
    • Supermarkets
    • convenience stores
    • Department stores
  • Coffee Substitutes Market by Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

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Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the current Coffee Substitutes market trends, estimates and dynamics from 2019 to 2026 to identify the existing market opportunities.
  • Key countries in all major regions are mapped according to their market share.
  • Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
  • An in-depth market segmentation analysis helps to determine the existing market opportunities.
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the current position of market players.
  • The report includes regional and global market analysis, key players, market segments, application areas and growth strategies.

Fact.MR’s Domain knowledge in Food and Beverage Division

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced food and beverage team help customers around the world meet their unique business intelligence needs.

With a repository of over a thousand reports and over a million data points, the team has analyzed the food and beverage industry in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.

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