Global Coffee And Tea Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
5 Apr, 2021
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.
Global Coffee And Tea Market Size And Drivers:
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 market is expected to reach $193.78 billion in 2025 at a CAGR of 8%. Increasing demand for ready-to-drink (RTD) beverages is expected to drive the coffee and tea market in the forecast period.
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Trends In The Global Coffee And Tea Market
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. A subscription service offers a number of advantages to consumers. It allows consumers to sample products from far more specialist roasters than is possible in even the most coffee-saturated areas. Some services can ship products from hundreds of different roasters. It is also the best way to ensure freshness, as most shipments are made immediately after roasting, eliminating the time the beans would otherwise have spent on store shelves.
Global Coffee And Tea Market Segments:
The global coffee and tea market is further segmented based on type, distribution channel, form, packaging and geography.
By Type: Coffee, Tea.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
By Form: Liquid, Powder, Capsules.
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 global coffee and tea 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 total market.
Read More On The Report For The Global Coffee And Tea Market At:https://www.thebusinessresearchcompany.com/report/coffee-and-tea-global-market-report-2020-30-covid-19-impact-and-recovery
Coffee And Tea Global Market Report 2021 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 and growth for the global coffee and tea market, coffee and tea market share, coffee and tea market players, coffee and tea market segments and geographies, coffee and tea 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.