The size of the global decaffeinated coffee market in 2019 was valued at USD 1.93 Billion and is expected to grow during the forecast period at a CAGR of 7.28 percent. Decaffeinated coffee is identical to regular coffee in taste and appearance, but is produced after the caffeine has been extracted. This form of coffee contains approximately 7 mg of caffeine per 8-ounce (236-ml) cup.
During the forecast period, rising business-to-business sales of decaffeinated coffee are expected to create promising growth prospects in terms of market growth. The market segmentation for decaffeinated coffee is based on commodity, bean species, distribution channels, and location.
Key Factors Impacting the Growth of Decaffeinated Coffee Market:
Bean Species Outlook:
The global decaffeinated coffee market is divided as Arabica, Robusta, and others based on bean species. The Arabica segment accounted for the largest sales market share in 2019. Moreover, in comparison to other available decaffeinated coffees, Robusta coffee with the lowest price is expected to grow at the highest CAGR during the forecast period.
The global decaffeinated coffee market is bifurcated into roasted and raw coffee on the basis of product type. The roasted segment accounted for the largest market share in 2019. In addition, the availability of raw coffee at lower prices compared to the roasted equivalents is projected boost its growth. The raw coffee segment is to record the highest compound annual growth rate over the forecast period.
Distribution Channel Outlook:
The decaffeinated coffee market has been segmented into online and offline markets based on the distribution channel. The factors that are expected to drive the demand for the online segment and help this segment register the highest growth rate during the forecast period are continuously rising awareness about the e-commerce platform and strengthening communication networks worldwide.
For the global decaffeinated coffee market, the regional segment is divided into North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific, and Western Europe are expected to be the major regions for the global decaffeinated coffee market.
North America and Western Europe have been some of the key regions to witness major technological advancements in the food & agricultural sector. The use of latest technologies in the agricultural activities and the presence of a well-established processed food market are estimated to drive the demand for decaffeinated coffee in these regions.
The regional analysis of the global decaffeinated coffee market includes segmentation by North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe, due to the increasing awareness among people about the side effects of caffeine and high popularity of coffee in the region, held the largest market share in 2019. The region is expected to maintain its dominance in the global decaffeinated coffee market throughout the forecast period.
On the other hand, factors like increasing awareness about decaffeinated coffee and continuously improving economic indicators in countries, including Japan, South Korea, Indonesia, Malaysia, and India are expected to drive the demand for decaffeinated coffee in the Asia Pacific region during the forecast period.
In addition to these, some of the major companies operating in this market are headquartered in these regions. Asia Pacific is estimated to be one of the fastest growing markets for global decaffeinated coffee. The food & agriculture sector is one of the major contributors to economies in the region.
In addition to this, government initiatives to promote technological advancements in this region are one of the key factors for the growth of the global decaffeinated coffee market. The Middle East and rest of the World are estimated to be the emerging regions for the global decaffeinated coffee market.
The report analyzes factors affecting the decaffeinated coffee market from both the demand and supply side and further analyses market dynamics such as drivers, restraints, opportunities, and future trends. The report provides a comprehensive Porter’s model analysis on the decaffeinated coffee market for all six regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, South America.
What Does This Report Provide?
This report provides a detailed understanding of the global decaffeinated coffee market from qualitative and quantitative perspectives during the forecast period. The report also provides the dynamic indicators with their potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market
This report includes the profiles of key decaffeinated coffee market companies along with their SWOT analysis and market strategies. In addition, the competitive landscape provides a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.
The major companies are focusing on aggressive marketing, inclusion of decaffeinated variants in their product mix, and acquisition strategies to increase their market shares in the global decaffeinated coffee market during the forecast period. The key companies in the global decaffeinated coffee market are the Swiss Water Decaffeinated Coffee INC., LifeBoost Decaf, Cafe Don Pablo Colombia Supremo Decaf, No Fun Jo Decaf, Fresh Roasted; and Volcanica Coffee Costa Rica Tarrazu Decaf.
Key Developments in the Decaffeinated coffee Market:
By Bean Species:
By Distribution Channel:
Detailed scope covering all the major segments in the market
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