New York, United States, Oct. 12, 2022 (GLOBE NEWSWIRE) -- The drip bag coffee market is still in the nascent stage, with the majority of the players engaged in the business operating at small and medium levels. This subsequently gives the global market an oligopolistic nature. Besides, as these players are focusing on expanding their business reach, they are exploring and adopting novel models of distribution and sales networks that can strengthen micro-enterprises and expand economic opportunities across both the domestic and overseas markets. To achieve the same, they are engaging and providing services to its customers through online platforms in efforts to maintain a long-term relationship with its current customers and further expand its customer base. This approach for business expansion is anticipated to add to the growth of the online retail segment during the forecast period.
The online segment has also seen significant growth in the demand for drip bag coffee in the last few years. The online channel is bound to increase during the forecast years, owing to the rising influence of digital media and marketing and the fact that it gives consumers plenty of options to choose from. However, the store-based retail such as the hypermarkets, supermarkets, and other convenience stores will have the edge over online stores as one can walk down to a store rather than awaiting the arrival of an online delivery package.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/drip-bag-coffee-market/request-sample
COVID-19 Impact Analysis
The market analysis has been split into two parts, namely pre- and post COVID-19 scenario:
Pre-COVID-19 Scenario
The drip bag coffee market was growing at a rapid rate before January 2020. The demand for drip bag coffee observed a surge in demand in the past few years as it is easier to pour, cheaper, and convenient. Consumers across the globe are adopting drip bag coffee due to flourishing e-commerce globally. The novel coronavirus (COVID-19) pandemic has emerged as a dramatic public health crisis with significant impacts on economies around the world. The spread of the virus represents unprecedented economic shock, as the global demand and supply are primarily disrupted across various sectors. It has cast uncertainties for several industries worldwide.
The COVID-19 pandemic is expected to have a profound effect on the global drip bag coffee industry, including consumption, production, and international trade. Reduced household income can translate into lower demand for coffee in terms of volume. Furthermore, the price-sensitive consumers are slated to substitute higher-value coffee by lower-value blends, further impacting the market growth. Various social distancing norms and severe lockdowns in multiple nations have significantly influenced the global economic growth.
A one percent decline in the GDP growth is anticipated to reduce the growth of the global demand for coffee by 1.6 million 60-kg bags. In addition to this, the reduced out-of-home consumption and shutdown of the hospitality sector are other significant factors to limit the revenue potential. Despite steady overall growth in the industry, coffee prices have experienced a continued downward trend since 2016, dropping 30% below the average of the last ten years. Consequently, lowering the revenue of the key players present in the market. However, the data of retail and supermarket suggest increased demand in some countries due to panic buying and stockpiling.
Post-COVID-19 Scenario
The drip bag coffee market is predicted to take an upward swing in the next five years as the coffee industry continues to grow in the post-COVID era. Despite the current volatility, the long-term outlook for drip bag coffee is predicted to be positive. Although the pandemic has hit most of the sectors, the coffee sector is projected to have a more considerable impact. However, the various coffee producers and players involved in the HORECA sector, particularly of the developed nation, are temporarily surviving on government grants and business loans.
Coronavirus is projected to present critical short-term concerns due to lower production and disrupted supply chains. A growing number of savvy customers and a rise in the demand for a more diverse blend will influence the market. With a growing number of card payments, only cafes and cashless transaction systems will boost the market in the coming future. 5G will increase the scope of customization, faster delivery options, and IoT integration. The long-term future of the drip bag coffee market is expected to propel the cause of the consumers' burgeoning demand for the rich coffee experience. The digital technology is expected to play a pivotal role in devising new serving ways in the next five years
Report Scope
| Report Metric | Details |
| Market Size | USD 3889.74 million by 2030 |
| CAGR | 6.54% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Coffee Beans Type (Coffee Arabica, Coffee Canephora (Coffea Robusta), Others), End-User (Commercial, Retail/Household), Distribution Channel |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | illycaffè S.p.A., Starbucks Coffee Company, UCC UESHIMA COFFEE CO., LTD, Ajinomoto Co., Inc., KEY COFFEE INC, Yamanaka Industry Co., Ltd, Korea McNulty Co., Ltd., Gu Viet Co., LTD, Hawaii Coffee Company, Blue Tokai Coffee Roasters, Nick of Time, Cowpresso Coffee Roasters Singapore, The Laughing Pug Coffee Company |
| Key Market Opportunities | Changing Consumer Behavior and Improving Disposable Income |
| Key Market Drivers | Rise in Coffee Consumption among the Working Class |
Buy Now Full Report @ https://straitsresearch.com/buy-now/drip-bag-coffee-market
Key Players
- illycaffè S.p.A.
- Starbucks Coffee Company
- UCC UESHIMA COFFEE CO., LTD
- Ajinomoto Co., Inc.
- KEY COFFEE INC
- Yamanaka Industry Co., Ltd
- Korea McNulty Co., Ltd.
- Gu Viet Co., LTD
- Hawaii Coffee Company
- Blue Tokai Coffee Roasters
- Nick of Time
- Cowpresso Coffee Roasters Singapore
- The Laughing Pug Coffee Company
Drip Bag Coffee Market: Segmentation
By Product
- Black Coffee
- Latte Coffee
- Mocha Coffee
By End-User
- Commercial
- Retail/Household
By Distribution Channel
- Store Based
- Online
Drip Bag Coffee Market: Regions Covered
- North America
- Europe
- Asia-Pacific
- Central and South America and the Caribbean
- The Middle East
- Africa
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/drip-bag-coffee-market/request-sample
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Executive Summary
4 Market Overview
4.1 Report Segmentation & Scope
4.2 Value Chain Analysis: Drip Bag Coffee Market
4.2.1 Vendor Matrix
4.3 Key Market Trends
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Environment & Regulatory Landscape
4.6 Forecast Factors & Relevance of Impact
4.7 Macro-Economic & Geopolitical Scenario
4.8 Parent Market Overview
4.9 Technology Landscape
4.10 Market Share Analysis
4.11 Potential Venture Analysis
4.12 Regional Price Trends
4.13 Raw Material Trends
4.14 Cost Structure Analysis
4.14.1 Labor Cost
4.14.2 Consumables
4.14.3 Maintenance Cost
5 Coffee Beans Type Overview
5.1 Introduction
5.1.1 Market Size & Forecast (Value & Volume)
5.2 Coffee Arabica
5.2.1 Market Size & Forecast (Value & Volume)
5.3 Coffee Canephora (Coffea Robusta)
5.3.1 Market Size & Forecast (Value & Volume)
5.4 Others
5.4.1 Market Size & Forecast (Value & Volume)
6 End-User Overview
6.1 Introduction
6.1.1 Market Size & Forecast (Value & Volume)
6.2 Commercial
6.2.1 Market Size & Forecast (Value & Volume)
6.3 Retail/Household
6.3.1 Market Size & Forecast (Value & Volume)
7 Distribution Channel Overview
7.1 Introduction
7.1.1 Market Size & Forecast (Value & Volume)
7.2 Distribution ChannelSegment1
7.2.1 Market Size & Forecast (Value & Volume)
7.3 Store Based Retail
7.3.1 Market Size & Forecast (Value & Volume)
7.4 Store Based Retail
7.4.1 Market Size & Forecast (Value & Volume)
8 Regional Overview
8.1 Introduction
8.1.1 Market Size & Forecast (Value & Volume)
8.2 North America
8.2.1 Economic Overview
8.2.2 Market Scenario
8.2.3 The U.S.
8.2.3.1 By Coffee Beans Type
8.2.3.2 By End User
8.2.3.3 By Distribution Channel
8.2.4 Canada
8.2.4.1 By Coffee Beans Type
8.2.4.2 By End User
8.2.4.3 By Distribution Channel
8.2.5 Mexico
8.2.5.1 By Coffee Beans Type
8.2.5.2 By End User
8.2.5.3 By Distribution Channel
8.3 Central and South America and the Caribbean
8.3.1 Economic Overview
8.3.2 Market Scenario
8.3.3 Brazil
8.3.3.1 By Coffee Beans Type
8.3.3.2 By End User
8.3.3.3 By Distribution Channel
8.3.4 Argentina
8.3.4.1 By Coffee Beans Type
8.3.4.2 By End User
8.3.4.3 By Distribution Channel
8.3.5 Columbia
8.3.5.1 By Coffee Beans Type
8.3.5.2 By End User
8.3.5.3 By Distribution Channel
8.3.6 The Rest of Central and South America and the Caribbean
8.3.6.1 By Coffee Beans Type
8.3.6.2 By End User
8.3.6.3 By Distribution Channel
8.4 Europe
8.4.1 Economic Overview
8.4.2 Market Scenario
8.4.3 Germany
8.4.3.1 By Coffee Beans Type
8.4.3.2 By End User
8.4.3.3 By Distribution Channel
8.4.4 France
8.4.4.1 By Coffee Beans Type
8.4.4.2 By End User
8.4.4.3 By Distribution Channel
8.4.5 The U.K.
8.4.5.1 By Coffee Beans Type
8.4.5.2 By End User
8.4.5.3 By Distribution Channel
8.4.6 Italy
8.4.6.1 By Coffee Beans Type
8.4.6.2 By End User
8.4.6.3 By Distribution Channel
8.4.7 The Rest of Europe
8.4.7.1 By Coffee Beans Type
8.4.7.2 By End User
8.4.7.3 By Distribution Channel
8.5 Asia-Pacific (APAC)
8.5.1 Economic Overview
8.5.2 Market Scenario
8.5.3 China
8.5.3.1 By Coffee Beans Type
8.5.3.2 By End User
8.5.3.3 By Distribution Channel
8.5.4 Japan
8.5.4.1 By Coffee Beans Type
8.5.4.2 By End User
8.5.4.3 By Distribution Channel
8.5.5 India
8.5.5.1 By Coffee Beans Type
8.5.5.2 By End User
8.5.5.3 By Distribution Channel
8.5.6 Australia
8.5.6.1 By Coffee Beans Type
8.5.6.2 By End User
8.5.6.3 By Distribution Channel
8.5.7 South Korea
8.5.7.1 By Coffee Beans Type
8.5.7.2 By End User
8.5.7.3 By Distribution Channel
8.5.8 The Rest of APAC
8.5.8.1 By Coffee Beans Type
8.5.8.2 By End User
8.5.8.3 By Distribution Channel
8.6 The Middle East
8.6.1 Economic Overview
8.6.2 Market Scenario
8.6.3 Saudi Arabia
8.6.3.1 By Coffee Beans Type
8.6.3.2 By End User
8.6.3.3 By Distribution Channel
8.6.4 The UAE
8.6.4.1 By Coffee Beans Type
8.6.4.2 By End User
8.6.4.3 By Distribution Channel
8.6.5 Qatar
8.6.5.1 By Coffee Beans Type
8.6.5.2 By End User
8.6.5.3 By Distribution Channel
8.6.6 Oman
8.6.6.1 By Coffee Beans Type
8.6.6.2 By End User
8.6.6.3 By Distribution Channel
8.6.7 Turkey
8.6.7.1 By Coffee Beans Type
8.6.7.2 By End User
8.6.7.3 By Distribution Channel
8.6.8 The Rest of the Middle East
8.6.8.1 By Coffee Beans Type
8.6.8.2 By End User
8.6.8.3 By Distribution Channel
8.7 Africa
8.7.1 Economic Overview
8.7.2 Market Scenario
8.7.3 Nigeria
8.7.3.1 By Coffee Beans Type
8.7.3.2 By End User
8.7.3.3 By Distribution Channel
8.7.4 South Africa
8.7.4.1 By Coffee Beans Type
8.7.4.2 By End User
8.7.4.3 By Distribution Channel
8.7.5 The Rest of Africa
8.7.5.1 By Coffee Beans Type
8.7.5.2 By End User
8.7.5.3 By Distribution Channel
9 Competitive Landscape — Manufacturers & Suppliers
9.1 Competition Dashboard
9.2 Industry Structure
9.3 Illycaffè S.p.A.
9.3.1 Business Overview
9.3.2 Financial Performance
9.3.3 Recent Developments
9.3.4 Product Portfolio
9.4 Starbucks Coffee Company
9.4.1 Business Overview
9.4.2 Financial Performance
9.4.3 Recent Developments
9.4.4 Product Portfolio
9.5 UCC UESHIMA COFFEE CO., LTD
9.5.1 Business Overview
9.5.2 Financial Performance
9.5.3 Recent Developments
9.5.4 Product Portfolio
9.6 Ajinomoto Co., Inc.
9.6.1 Business Overview
9.6.2 Financial Performance
9.6.3 Recent Developments
9.6.4 Product Portfolio
9.7 KEY COFFEE INC
9.7.1 Business Overview
9.7.2 Financial Performance
9.7.3 Recent Developments
9.7.4 Product Portfolio
9.8 Korea McNulty Co., Ltd.
9.8.1 Business Overview
9.8.2 Financial Performance
9.8.3 Recent Developments
9.8.4 Product Portfolio
9.9 Yamanaka Industry Co., Ltd
9.9.1 Business Overview
9.9.2 Financial Performance
9.9.3 Recent Developments
9.9.4 Product Portfolio
9.10 Gu Viet Co., LTD
9.10.1 Business Overview
9.10.2 Financial Performance
9.10.3 Recent Developments
9.10.4 Product Portfolio
9.11 Hawaii Coffee Company
9.11.1 Business Overview
9.11.2 Financial Performance
9.11.3 Recent Developments
9.11.4 Product Portfolio
9.12 Company10
9.12.1 Business Overview
9.12.2 Financial Performance
9.12.3 Recent Developments
9.12.4 Product Portfolio
9.13 Blue Tokai Coffee Roasters
9.13.1 Business Overview
9.13.2 Financial Performance
9.13.3 Recent Developments
9.13.4 Product Portfolio
9.14 Nick of Time
9.14.1 Business Overview
9.14.2 Financial Performance
9.14.3 Recent Developments
9.14.4 Product Portfolio
9.15 Cowpresso Coffee Roasters Singapore
9.15.1 Business Overview
9.15.2 Financial Performance
9.15.3 Recent Developments
9.15.4 Product Portfolio
9.16 The Laughing Pug Coffee Company
9.16.1 Business Overview
9.16.2 Financial Performance
9.16.3 Recent Developments
9.16.4 Product Portfolio
10 Conclusion & Recommendation
11 Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/drip-bag-coffee-market/toc
News Media
Increasing Consumption of Single-Serve Coffee in Households to Drive the Demand for Coffee Capsules
Have a Look at the Related Research Report
Coffee Market: Information by Product Type (Whole Bean Coffee, Ground Coffee), Distribution Channel (On-trade, Off-trade), and Region- Forecast till 2030
Kopi Luwak Coffee Market: Information by Distribution Channel (B2B, B2C), Coffee Feed Type (Arabica, Robusta), Coffee Type (Light, Medium, Dark, Espresso), and Region — Forecast till 2029
Coffee Roaster Market: Information by Product Type (Direct Fire Roasters, Hot-air roasters), Capacity (Up to 10 kg, 10-30 kg), and Region — Forecast till 2030
About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Phone: +1 646 480 7505 (the U.S.)
+91 8087085354 (APAC)
+44 208 068 9665 (the U.K.)
Email: sales@straitsresearch.com
Follow Us: LinkedIn | Facebook | Instagram | Twitter
