Finland’s instant coffee market is estimated to be valued at US$13.520 million in 2020.
The rich coffee drinking culture among the Finns and the preference for consuming light-roasted coffee.
The coffee culture of Finland is considered to be among the richest coffee cultures in the European region. Lightly roasted coffee is preferred in this region and is referred to as the lightest coffee in the European region. Although some consumers prefer dark-roasted coffee, it is also available in supermarkets. Ground coffee is facing an increased demand owing to the preference of a vast number of consumers to drink filter coffee; a method of preparing coffee that has been in use for a long time.
However, the cold brewing method and nitro coffee are also getting popular among consumers belonging to the younger population and are, thereby, leading to a decline in the consumption and sales of instant coffee over the forecast period slowly.
The changing consumption patterns towards coffee and beverages other than aerated drinks among Finnish individuals owing to the ill effects associated with the latter.
The population is leaning towards the consumption of pod coffee and caffeinated beverages instead of other soda-based caffeinated beverages due to the health risks associated with the consumption of these drinks, which is making people health-conscious and encouraging them to make the switch, which will lead to a surge in the market growth.
Furthermore, rising demand for a broader range of products, ranging from blended premium and speciality brew coffees to new and flavoured varieties among the upper crust, will drive market growth.
Product Offerings by the market players in the Finnish instant coffee market
The offering of better and more advanced varieties of instant coffee with enhanced flavour and aromas, among others, by existing and new players in the market.
Some of the product offerings have been mentioned below-
COVID-19 Insights:
The Finland instant coffee market was negatively impacted by COVID-19. The wide spread of the virus and surge in infected patients led to the nationwide lockdown. Subsequently, multiple coffee houses, cafes, and production facilities witness a sharp decline in sales due to the closure of all brick-and-mortar stores.
Segmentation