United Kingdom instant coffee market is projected to grow at a CAGR of 4.14% to reach a value of US$1,634.731 million by 2027, from US$1,231.016 million in 2020.
Increased consumption of instant coffee by a high number of households
According to the British Coffee Association, about 80% of households consume instant coffee, primarily because older individuals (those above 65) find it easier to brew coffee at home rather than going out to a café or coffee shop. In addition, instant coffee pods and ground coffee have rapidly gained popularity among the millennials and are pushing the demand even further, which is leading to market growth.
The majority of the individuals among the younger, middle-aged, and older populations prefer to consume tea.
Tea is an increasingly popular hot and cold beverage consumed on many counters globally by the older, middle-aged, and adolescent population as well. Most individuals among the older and middle-aged population prefer consuming tea to coffee, which is a staple for most of them during breakfast or in the afternoon. In addition, there are market players such as Lipton and Twinnings, which are among the famous brand that offers a variety of tea to cater to the different tastes of the consumers. Thus, this factor slightly hampers the market's growth over the forecast period.
Product Launches by the market players in the UK Instant Coffee Market
The market players are involved in offering better and advanced varieties of instant coffee with enhanced flavor and aromas to bolster their market position and cater to the demands of the consumers are estimated to lead to increased consumption and propel the market growth further over the forecast period.
Some of the product launches have been mentioned below-
Freeze Dried Instant Coffee to grow at a significant pace over the forecast period owing to the tastes and preferences of the individuals
Freeze-dried instant coffee is a processing method that keeps the coffee beans at low temperatures and does not allow them to get into contact with hot air, thereby retaining its flavour and aroma. By processing method, freeze-dried instant coffee is estimated to grow at a significant pace over the forecast period owing to the fact that an increasing number of individuals prefer a flavorful coffee with a rich taste and aroma.
COVID-19 had a negative impact on the UK instant coffee market. With the enforcement of the lockdown and social distancing measures, amid the rapidly spreading virus, thousands of coffee houses, cafes, and various other food outlets were forced to close down due to little or no foot traffic and decreased revenues. Nevertheless, the growing adoption of the e-commerce segment amid the pandemic augmented the domestic sales of instant coffee.
1.1. Market Overview
1.2. COVID-19 Impact
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. UK Instant Coffee Market Analysis, By Type
5.2. Freeze-Dried Instant Coffee
5.3. Spray-Dried Instant Coffee
6. UK Instant Coffee Market Analysis, By Distribution Channel
184.108.40.206. Convenience Stores
7. UK Instant Coffee Market Analysis, By Province
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.3. Lyons Instant Coffee
9.4. The Folger Coffee Company
9.5. Grumpy Mule
Lyons Instant Coffee
The Folger Coffee Company
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