Fresh ground coffee will register a further marginal volume decline over the forecast period. Many of the factors at play in 2023 will continue to hold sway over the forecast period.
Instant coffee will fare better than fresh ground coffee over the forecast period and will register moderate volume growth. The convenience of instant coffee with drive this growth, as consumers lead increasingly busy lives.
Given the recent spikes seen in coffee unit prices across global commodity markets and the anticipated impact of climate change on coffee production over the course of the forecast period, unit prices are likely to continue to rise, notwithstanding the war in Ukraine. Within this scenario, larger local players will be able to benefit from their superior economies of scale due to the cost savings that this entails.
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This is the aggregation of fresh coffee and instant coffee. Please note that foodservice sales of coffee are volumes sold to the on-trade (foodservice) sector and not those sold to the consumer.See All of Our Definitions
This report originates from Passport, our Coffee research and analysis database.
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