Global Coffee Market Report Suggests Continued Growth

February 10, 2012 10:55 am

A new 346-page report from a global market research group suggests that the coffee trade has thrived worldwide despite a volatile global economy in recent years, as coffee has become accepted in virtually all countries as a lifestyle beverage.

The report, available here, was produced by Global Industry Analysts Inc., sells for $1,450 and includes a collection of statistical anecdotes market briefs and summaries of research findings. Following are some of the main findings:

Global Industry Outlook (press release from Global Industry Analysts Inc.):

Coffee is regarded as the highest consumed beverage in developed countries such as, the US and major European countries. The beverage is the second most traded commodity in the world, next only to oil. The global coffee market is characterized by high amount of speculation and volatility, and is highly driven by the production trends that prevail in the major coffee producing nations. Consumption of coffee in the global market increased in 2010, with the ready-to-drink (RTD) segment topping the list with notable increases in almost all popular brands.

Global coffee market analysisDespite the financial crisis being at its peak during the last quarter of 2008 and all through 2009, coffee performed well in terms of overall consumption, indicating that people continue to indulge in this little luxury come what may. Consumption figures have nearly always exceeded production over the last several years. The recent recession saw a large number of takers for premium instant coffee despite the relative high pricing, indicating a shift away from fresh coffee. The demand of the premium Arabica coffee variety is expected to grow at a higher rate as compared to its low-end cousin, the Robusta variety. The major growth driver is the increasing preference by the consumers in the west, towards the premium variety Arabica coffee beans. With increasing sophistication in coffee drinking habits, the present day consumers are more curious about the origin and quality of coffee consumed.

Blended coffee has dominated the global roasted coffee market since long time. Different coffee (roasted and specialty) types are marked by their own distinct taste, body and aroma. Coffee is produced almost exclusively in the developing world that includes 17 least developed countries. Coffee producing nations are continuously increasing domestic consumption. Coffee consumption in Brazil, the largest coffee producer globally, grew by 5% in 2010 as against the global average of 2%. China and India, with their large middle class consumer bases and growing number of young professionals are witnessing increased consumption of coffee. On the other hand, while these emerging markets are increasing consumption on the strength of their rising disposable incomes, there are few other importing countries that are offering potential for expansion because of low per capita consumptions. New markets such as Ukraine and Russia are witnessing a sharp rebound in consumption levels. Several Middle Eastern countries with higher disposable incomes are also forecast to offer good prospects for growth in the short-to-medium term period.

The research report titled “Coffee (Roasted and Specialty): A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global coffee industry and identifies production and consumption patterns, major short to medium term market challenges, and growth drivers. Amply illustrated with fact-rich market data tables, charts, and graphs, the report provides a comprehensive overview of major coffee producing nations, and coffee importing countries Regional markets elaborated upon include United States, Canada, Japan, Austria, Belgium, Czech Republic, Denmark, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, The Netherlands, Norway, UK, Australia, China, India, Indonesia, Brazil, Colombia, Costa Rica, Ethiopia, Rwanda and Tanzania among several others. The reader stands to gain macro-level insights into recent noteworthy corporate developments such as mergers, acquisitions, product launches, and other industry activities. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

 

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