The size of the Middle East and Africa Instant Coffee Market is expected to be worth USD 1.95 billion in 2024 and grow at a CAGR of 2.90% from 2024 to 2029 to achieve USD 2.24 billion by 2029.
Instant coffee is the soluble coffee or coffee powder prepared from roasted or grounded coffee beans. Although fresh coffee dominates the coffee industry, instant coffee is gaining prominence globally because it is easier and quicker to make.
Instant coffee has extended popularity in the market specifically due to the expediency that it provides to the drinkers on different scales. This beverage is recognized to offer consumers an advantage in terms of time since the preparation of instant coffee is faster and easier, when likened to regular coffee.
The Middle East and Africa instant coffee market is driven by factors including the increasing popularity in the market specifically due to the convenience provided to the drinkers on different scales, the availability of instant coffee across different channels, and the moderate price of consumption coupled with the decline in demand for aerated drinks in the global market. However, the required market penetration and the averseness to coffee propagated by a part of the populace are some of the restraints faced by the market.
The market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. However, rising awareness among the populace with dispensable incomes and the anticipated growth of distribution channels, are set to help the growth of the market.
Major Key Players in the MEA Instant Coffee Market are Starbucks Corporation. (Seattle, Washington, U.S), Nestle S.A. (Vevey, Switzerland), Jacobs Douwe Egberts (DK Amsterdam,Netherlands), Matthew Algie& Company Ltd (London, U.K), Strauss Group Ltd. (Petah Tikva, Israel), The Kraft Heinz Company (Illinois, U.S.), Tata Global Beverages (Kolkata, West Bengal), Tchibo Coffee (Hamburg,Germany), Keurig Green Mountain.(Vermont, U.S.), and Unilever Plc. (London, U.K.)
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