Millennials and Internet Driving Instant Coffee Market Growth to $35 Billion by 2023, Despite Challenges

Global instant coffee market expected to grow significantly (CAGR of 5.11% in value and 2.88% in volume) thanks to millennials, reaching $35.97 billion by 2023.
Asia Pacific holds the largest market share due to fast-growing economies like China and India.
Growth driven by rising Internet usage and popularity among millennials.
Fluctuating raw material costs and threat of substitutes like tea are challenges.
Key players include Starbucks, Unilever, and Nestle.

foxbusiness.com

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Posted 9/17/2023, 11:05:31 PM