Coffee Substitute Market To Reach $21.4 Bn By 2032 – CoffeeTalk
The coffee substitute market is predicted to reach a valuation of USD 21.4 billion by 2032, driven by consumer preference for healthier, caffeine-free beverages and the demand for sustainable, natural products. The instant powder segment is expected to grow at a CAGR of 4.5% through 2032, driven by the need for convenient, ready-to-use alternatives. The household coffee substitute market is expected to grow at a CAGR of 4.4% through 2032, with a market size of USD 10.3 billion. The supermarkets and hypermarkets segment is expected to see steady gains, as they play a crucial role in distributing coffee substitutes, offering a wide range of products. The North American coffee substitute market value is expected to reach USD 6.2 billion by 2032, driven by the region’s focus on wellness and organic products. The well-established retail infrastructure, including supermarkets, specialty stores, and online platforms, enhances product accessibility. Innovative product development and rising health consciousness drive market growth, while a diverse consumer base and high disposable income create opportunities for market players and the introduction of new coffee substitute offerings.
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Source: Coffee Talk