London, 09 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Coffee Market in the US 2014-2018, which is expected to grow at a CAGR of 5.99 percent by revenue and 4.16 percent by volume during the forecast period of 2013-2018.
“Awareness about the harmful effects of pesticide residue in coffee encourages consumers to switch to organic coffee,” says Faisal Ghaus, Vice President of TechNavio.
“Changes in consumer perception and increase in demand for healthy and organic coffee have led to many companies focusing on the manufacturing of organic coffee.”
Key Market Drivers
- Increase in Per Capita Consumption
- Increase in Demand for Single-serve Coffee Pods
- High Demand from the Working Class
- Increase in Demand for Specialty Coffee
Key Market Trends
- Growth in Online Retail Sector
- Rise in Demand for Organic Coffee
- High Demand for Premium Coffee
- New Product Launches
Key Market Vendors
- Keurig Green Mountain Inc. (GMCR)
- Kraft Foods Group
- Starbucks Inc.
- The J.M. Smucker Co.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
