Coffee Market Analysis | COVID – 19 Outbreak, Emerging Trend and Forecast to 2023
Market Overview Global Coffee Market is an ever flourishing market space, reason being the worldwide popularity of coffee as a beverage. Coffee is consumed in high volume globally thanks to its taste, feel, and caffeine content. Moreover, the rapid urbanization and the demand for the beverages-on-the-go to deal with the modern lifestyles escalate the market on the global platform. Conversely, factors such as the volatility in the prices and demand & supply gap of coffee beans are expected to pose challenges in the growth of the market, further worrying market players to the core. Nevertheless, factors such as the emergence of organic coffee and various functional beverages based on coffee would support the market growth over the forecast period. Achieving fair trade certification continues to be a popular trend among producers as well as coffee shoppers. Fairtrade coffee is a big business for grocery retailers as well as to the private label coffee li...