In recent years, the decaffeinated coffee market has observed a notable increase, primarily due to shifting coffee drinking habits and growing health consciousness. A growing number of consumers are drawn to coffee because they may savour its flavour without experiencing any negative consequences from the caffeine. Additionally, the market has been stimulated and grown more quickly by the introduction of a wide range of enticing tastes and technological advancements in decaffeination methods.
Future Market Insights’ most recent projection is that the decaffeinated coffee market will reach US$ 20.06 billion in 2023. Over the projected period, the market is expected to increase at a CAGR of 6.9%.
Decaffeinated, gently roasted, organic, and sustainably produced coffee beans are the preferred options for millennials, who, compared to earlier generations, have busier schedules and greater access to harmful drinks. More cafés, coffee shops, restaurants, and eateries are beginning to offer menu items based on the aforementioned modifications as decaffeinated coffee gains popularity.
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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, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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