NEW YORK, Sept. 2, 2021 /PRNewswire/ —
According to the latest market research report on the coffee market from Technavio, the market is expected to expand at a healthy CAGR of 2.75%. The food products industry is anticipated to garner positive growth with a direct impact of the pandemic on the market. As the business impact of the COVID-19 spreads, the coffee market is expected to have neutral & at par growth.
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Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.
The recovery process involves various phases including:-
- Recognizing the existing business model
- Focusing on agile execution of proposed and approved changes.
- Assessing Impact on Critical IT infrastructure and Software System
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Coffee Market Participants:
AMT Coffee Ltd.
The company offers a wide range of coffee products along with hot chocolates, steamers, smoothies, chillers, and milkshakes. They provide a wide range of coffee products like cappuccino, latte, espresso, and others.
The company offers wide selection of coffees and espresso drinks.
JAB Holding Co. Sarl
The company offers coffee under the brand names Caribou coffee, Espresso house, JDE Peets, and others. They work in key business segments including Keurig DrPepper, JDE, and Peets.
Get a report snapshot here to get market share analysis of market participants during COVID-19 lockdown:
Coffee Market 2021-2025: Segmentation
Coffee market is segmented as below:
- Arabica Coffee
- Robusta Coffee
- Liberica Coffee
- Excelsa Coffee
- North America
- South America
The coffee market is driven by the rising popularity of coffee among millennials. In addition, other factors such as the positive impact of organized retailing and the growing number of cafés across the globe are expected to trigger the coffee market toward witnessing a CAGR of 2.75% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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