In recent years, the decaffeinated coffee market has observed a notable increase, primarily due to shifting coffee drinking habits and rising awareness of health issues. Coffee is attracting more and more drinkers since it allows them to enjoy its flavor without worrying about the negative effects of caffeine. Furthermore, the introduction of a broad variety of alluring flavors and technological breakthroughs in decaffeination techniques have spurred and accelerated the growth of the industry.
According to the most current forecast from Future Market Insights, the market for decaffeinated coffee is expected to reach US$ 20.06 billion by 2023. In the forecast period, the market is anticipated to grow at a compound annual growth rate of 6.9%.
For coffee, millennials choose decaffeinated, lightly roasted, organic, and sustainably produced beans. This is because they have busier schedules than previous generations and more access to unhealthy drinks. As decaffeinated coffee becomes more and more popular, more cafés, coffee shops, restaurants, and eateries are starting to offer menu items based on the aforementioned adjustments.
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Furthermore, increasing urbanisation and work-centered lifestyles have increased people’s knowledge of and reliance on giving their bodies the proper nutrition free of any concentration of adulteration. The market share of decaffeinated coffee is anticipated to rise as a result.
Furthermore, coffee grown in compliance with Fairtrade guidelines fosters business partnerships that are primarily focused on openness and communication to raise trade equality internationally. These agreements, which also support sustainable growth, offer better trade conditions for decaffeinated coffee farmers.
Even though organic decaffeinated coffee can cost a little more than regular decaf, many customers are prepared to pay more for the peace of mind that comes from knowing their coffee is organic.
The market for decaffeinated coffee is expected to grow as more people become aware of the benefits of organic coffee. Customers can now sip on a cup of decaffeinated coffee without experiencing the usual jitters associated with caffeine. Coffee producers have begun to spend money on marketing campaigns to promote decaffeinated coffee and inform consumers about its advantages.
Key Takeaways
- The decaffeinated coffee market is likely to have a CAGR of 6.9% during the forecast period.
- Historically, the decaffeinated coffee market had a CAGR of 6.3% between 2018-2022.
- The value of the decaffeinated coffee market is expected to be US$ 39.10 billion by 2033.
- Based on nature, organic segments hold 3.5% CAGR of the decaffeinated coffee market by 2033.
- Based on End Use, the retail segment is anticipated to experience the highest CAGR of 6.7%% over the projection period.
- With a CAGR of 3.1%% throughout the forecast period, US market participants are significantly boosting the demand for decaffeinated coffee.
- From 2023 to 2033, the decaffeinated coffee market in Japan is anticipated to expand at a CAGR of 3.3%.
- During the predicted period, the UK is forecast to expand at a CAGR of 5% in the decaffeinated coffee
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Competitive Landscape
Many manufacturers who were already producing conventional coffee have added decaffeinated variants to their product selection in order to take advantage of the expansion and keep their customers.
The established supply chain and brand recognition should also be advantageous to the leading decaffeinated coffee players.
- Starbucks has also released a number of decaffeinated coffee varieties, such as Starbucks Decaf Pike Place Roast and Starbucks Decaf House Blend.
- The Starbucks Decaf Vanilla Iced Coffee is the result of a partnership between Starbucks and Dr. Pepper Snapple Group. Additionally, Starbucks recently unveiled the new Decaf Mocha Macchiato, a decaffeinated version of its popular Mocha Coconut Milk Macchiato.
- To produce decaffeinated coffee, Nestle has undertaken considerable research and development investments. The business has launched several decaffeinated coffee products under its Nescafe brand, including
- Nescafe Decaf Espresso
- Nescafe Decaf Latte
- Nescafe Decaf Mocha.
Nescafe Gold Decaf, a decaffeinated variation of the company’s well-known Nescafe Gold coffee, was also made available.
Key Segments
By Nature:
- Organic
- Conventional
By Type:
- Regular
- Medium Roasted
- Dark Roasted
- Others
By End Use:
- Retail/Household
- Foodservice
By Distribution Channel:
- Business to Business
- Business to Consumers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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