Dublin, Dec. 10, 2018 (GLOBE NEWSWIRE) -- The "Functional Coffee Market-Segmented by Product Type (Whole-Bean, Ground Coffee and RTD Coffee), by Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global functional coffee market is expected to register at a CAGR of 5.3% during the forecast period.
The key factors which are promoting the growth of the functional coffee market are convenience and functionality. Although function aspect is difficult to achieve as consumers want coffee with functional benefits such as metabolism, alertness, aids in healthy skin or relaxation and probiotic, companies are trying to incorporate such benefits by fortifying the coffee with micronutrients. Consumers are looking for products formulated without preservatives or synthetic colors, as well as balanced aroma and taste connoisseurs expect from their coffee.
Instant coffee and RTD coffee products with a fortified or functional claim are outperforming their standard counterparts at a global level. Growth in specialty coffee shops has also been observed due to the changed consumer trends across industries. The millennial age groups are anticipated to grow in importance in the years to come, as their purchasing power would advance, which would lead to growth in functional coffee market.
Asia-Pacific is the fastest growing region for sales of fortified/functional instant coffee with Indonesia, India and Vietnam being the fastest-growing functional coffee markets in the world. The market is driven by a surge in new coffee products. America is a developed coffee market, with United States being the leader in that region.
Developments in the Market
- US Based Baristas Coffee Company has expanded in to the functional beverage market with the release of its new product, Barista White Coffee.
Key Topics Covered
1. Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Research Phases
1.4 Scope of the Market
2. Functional Coffee Market Insights
2.1 Market Overview
2.2 Market Trends
2.3 Industry Attractiveness - Porter's Five Forces Analysis
3. Functional Coffee Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
4. Functional Coffee Market Segmentation
4.1 By Product Type
4.1.1 Whole-Bean
4.1.2 Ground Coffee
4.1.3 RTD Coffee
4.2 By Distribution Channel
4.2.1 Cafs and Foodservice
4.2.2 Supermarket/Hypermarket
4.2.3 Convenience Stores
4.2.4 Specialist Stores
5. Functional Coffee Regional Segmentation and Analysis (Market Size in USD million, 2015-2023)
5.1 North America Functional Coffee Market Size (2018 - 2023)
5.2 Europe Functional Coffee Market Size (2018 - 2023)
5.3 Asia-Pacific Functional Coffee Market Size (2018 - 2023)
5.4 South America Functional Coffee Market Size (2018 - 2023)
5.5 Middle East & Africa (MEA) Functional Coffee Market Size (2018 - 2023)
6. Functional Coffee Competitive Landscape
6.1 Most Active Companies
6.2 Most adopted Strategies
6.3 Market Share Analysis
7. Company Profiles
7.1 Nestle S.A.
7.2 Eight O' Clock Coffee
7.3 Bulletproof 360, Inc
7.4 Mongibello
7.5 Baristas Coffee Company
7.6 Starbucks Corporation
7.7 Ingenuity Beverages
7.8 JoeFroyo
7.9 Peet's Coffee & Tea
7.10 FM World United Kingdom
For more information about this report visit https://www.researchandmarkets.com/research/vfmzmg/functional?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.