growing number of cafes worldwide is driving the Roast and Ground Coffee Market
Technavio analyzes that the Roast and Ground Coffee Market is expected to grow at a CAGR of 6.51% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 27.94 billion.There are various factors that contribute to the growth of the market. The global roast and ground coffee market is experiencing significant growth due to the increasing number of cafes worldwide. This trend is driven by the rising demand for high-quality coffee beverages and the growing popularity of café culture. The proliferation of cafes in urban areas and the expansion of coffee chains are key factors fueling market growth. Additionally, the availability of various coffee types and blends, along with innovative brewing methods, is further boosting consumer interest in roast and ground coffee.
In the dynamic roast and ground coffee market, vendors are strategically expanding their organized distribution networks to amplify sales and revenues. Supermarkets, hypermarkets, and convenience stores are employing enticing discounts and shopping packages to captivate customers. Organized retailing is a preferred mode of coffee sales due to the opportunity it provides for consumers to examine products prior to purchase. Vendors in this market are leveraging promotional and marketing strategies to boost customer traffic. These strategies include branding through eye-catching signages, distribution of free samples, and offering discounts on bundled product kits. Notable retailers, such as Walmart Inc. (Walmart), Tesco Plc (Tesco), and Target Corp., are key players in this industry, utilizing these tactics to maintain market dominance. Additionally, the health benefits of roasted and ground coffees, including the presence of Caffeine and Caffeol, contribute to their popularity. These substances have been linked to improved skin health, nerve function, and even reduced cholesterol levels. Coffee consumption is also facilitated through various channels, including online platforms and coffee percolators, catering to diverse consumer preferences.
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Roast and Ground Coffee Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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The Roast and Ground Coffee Market encompasses the consumption of coffee and its associated health benefits. Coffee shops offer on-the-spot brewing, while retailers cater to consumer preferences through various brewing techniques and regional flavors. Coffee products range from roasted beans to ground coffees, caffeine, and Caffeol. Supermarkets, hypermarkets, online channels, and convenience stores stock these items. Coffee is sourced from gardens, where berries are harvested and roasted into beans or ground for easy use. However, pests can pose challenges in production.
The global roast and ground coffee market is a significant segment of the larger packaged foods and meats market within the food products sector of the food, beverage, and tobacco industry. This market encompasses vendors engaged in processing coffee beans to extend their shelf life and eliminate microorganisms. Consumers' preferences for various brewing techniques, regional flavors, and ethical sourcing methods drive market growth. Technavio's market analysis includes the revenue generated by these vendors, excluding those manufacturing food processing equipment or packaged alcoholic and non-alcoholic beverages. The market caters to coffee shops, retailers, and consumers seeking on-the-spot brewing or at-home preparation, emphasizing health benefits and diverse brewing technologies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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