Decaf Coffee Market 2024 Predicted to Achieve the Highest Revenue Growth by 2032

Explore the Report Ocean publication titled ‘Decaf Coffee Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032’

Analysis and Growth Projection for the Global Decaf Coffee Market:

Global Decaf Coffee Market is valued at approximately USD 17.56 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2022-2029. Decaf Coffee also known as decaffeinated coffee is coffee from which caffeine content has been removed before the process of grinding and roasting. To remove the caffeine content, the coffee is soaked in organic solvents.

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Decaf coffee is considered rich in antioxidants that offer protection against Type 2 diabetes, as well as heart disease and cancer. Decaf Coffee also contains magnesium which maintains normal nerve and muscle function and supports a healthy immune system. The increasing demand for decaffeinated beverages and growing number of health problems associated with caffeine consumption as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The increasing consumption of decaffeinated beverages due to several health benefits is contributing to the growth of the Global Decaf Coffee Market. For instance, as per Statista – in 2019, the total sales value for roasted decaffeinated coffee manufactured in the United Kingdom was estimated at USD 12.19 million, and it further increased to USD 17.73 million in 2020. Moreover, rising incidences of caffeine addiction are increasing demand for Decaffeinated Coffee. For instance, according to Johns Hopkins Medicine – as of 2020, around 90% of adults in the United States consume caffeine regularly and the average consumption exceeds 200?milligrams of caffeine per day. The caffeine consumption is much more than 6-ounce cups of coffee, or five 12-ounce cans of soft drinks. Also, growing emergence of quick-service restaurants, as well as rising number of health-conscious individuals would create a lucrative growth prospectus for the market over the forecast period. However, the availability of other herbal alternatives such as green tea, peppermint, and black pepper drink and lack of awareness in developing regions impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Decaf Coffee Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of global market share owing to the presence of leading market players. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of health-conscious individuals, and growing number of millennials as well as rising expansion of quick service restaurants in the region.

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Major market players included in this report are:

Don Pablo Coffee
Kicking Horse Coffee Co. Ltd.
The Kraft Heinz Company
Dunkin’ Brands Group, Inc.
Nestle S.A.
Colombian Brew Ground Coffee
Eight O’Clock Coffee Company
Fresh Roasted Coffee LLC
Volcanica CoffeeLLC
CafedirectPLC

Recent Developments in the Market:

In April 2020, Shanghai, China based Yum China Holdings, Inc. and the Lavazza Group, a leading Italian coffee company announced partnership to jointly launch Lavazza coffee shop concept in China. Under this partnership, both companies opened a new Lavazza Coffee Shop in Shanghai. Through this new store, the companies would offer their premium and high-quality coffee beans.

In June 2021, India based Tata Consumer Products Ltd (TCPL) announced the launch of Eight O’Clock Coffee in India through a direct-to-consumer(D2C) channel. Eight O’Clock is based in the United States and is one of the leading manufacturers of whole bean and ground coffee.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

By Product
Roasted
Raw

By Bean Species
Arabica
Robusta

By Form
Whole
Ground
Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE (Rest of Europe)
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC (Rest of Asia Pacific)
• Latin America
  • Brazil
  • Mexico
• Rest of the World

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Highlighting Key Aspects in Decaf Coffee Market Report:

Business Overview: In-depth exploration of the company’s operations and business divisions.

Corporate Strategy: Concise summary of the company’s strategic approach to business.

SWOT Analysis: Comprehensive examination of the company’s strengths, weaknesses, opportunities, and threats.

Company History: Chronological account of significant events shaping the company’s trajectory.

Key Products and Services: Catalog of prominent products, services, and brand offerings by the company.

Competitive Landscape: Identification of major competitors in the industry.

Strategic Locations and Subsidiaries: Inventory and contact details of pivotal locations and subsidiaries.

Financial Performance Analysis: Comprehensive financial ratios from the company’s annual financial statements, spanning the last five years.

Why Invest in This Report?

– Accelerate your decision-making process with rapid and time-critical insights.

– Uncover pivotal growth and investment prospects within the Decaf Coffee market.

– Make informed decisions supported by robust historical and forecast data for the Decaf Coffee market.

– Strategically position yourself to harness the industry’s maximum growth potential.

– Pinpoint crucial partners and avenues for business development.

– Gain a comprehensive understanding of your competitors’ business landscape, strategies, and future prospects.

Frequently Asked Questions:

➟ What primarily fuels the expansion of the Decaf Coffee market?

➟ What factors impede the market’s progress?

➟ Who stands out as the pivotal players in the market?

➟ Which geographical area commands the largest market share?

➟ What recent developments characterize the trends in the Decaf Coffee market?

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