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Coffee Substitute Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 121
  • SKU: IRTNTR73709
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The coffee substitute market share is expected to increase to USD 1.84 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.46%.

This coffee substitute market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers coffee substitute market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The coffee substitute market report also offers information on several market vendors, including Anthonys Goods, Dandy Blend, drink nuJo, Flying Embers, Hand Family Companies, Mondelez International Inc., Mud Wtr Inc., PepsiCo Inc., Postum, Remedy Organics, Rishi Tea and Botanicals, Slate Craft Goods LLC, So Good Brand Inc., Tattvas Herbs LLC, Teeccino Caffe Inc., The Hain Celestial Group Inc., World Finer Foods LLC, and World Matcha Inc. among others.

What will the Coffee Substitute Market Size be During the Forecast Period?

Coffee Substitute Market Size

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Coffee Substitute Market: Key Drivers, Trends, and Challenges

The growing demand for green tea is notably driving the coffee substitute market growth, although factors such as the rising popularity of coffee among millennials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coffee substitute industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Coffee Substitute Market Driver

One of the key factors driving growth in the coffee substitute market is the growing demand for green tea. The consumption of green tea has been growing at a rapid pace across the globe, which is attributable to the increasing awareness among consumers about the health-promoting benefits of consuming green tea. Besides, it has been found that adults who drink about two cups of green tea daily reduce the risk of death associated with cardiovascular diseases by 22%-23%. The consumption of green tea, helps in lowering the cholesterol content in the body and fights arthritis, helps to retain healthy micro-organisms, helps prevent prostate cancer in men, boosts the immune system to make it more resilient against cold and flu, helps in maintaining the cardiovascular health and helps prevent age-related neurodegenerative disorders such as Parkinson and Alzheimer disease. Thus, owing to convenience, health benefits, sustainability, availability, and continued innovation, the discovery of unique and flavorful green tea will fuel the demand for coffee substitutes and, in turn, drive the market in focus.

Key Coffee Substitute Market Trend

The growing demand for energy drinks is a coffee substitute market trend that is expected to have a positive impact in the coming years. Energy drinks are witnessing a surge in demand globally, with the consumer lifestyles changing and advancing toward an aging phase. Millennials have specific health and wellness needs that include stress management, energy retention, and the ability to fight fatigue. They look forward to beverages with strong nutritional profiles that can help them meet their specific needs. Millennials perceive energy drinks as containing higher nutritional value over other beverages as these drinks can be readily associated with sports and physical activities. Millennials, especially women, are the top consumers of energy drinks as they enter parenthood. This group is more concerned about their health as well as the safety of the products they consume. Thus, the increasing consumption of energy drinks by millennials and children has been identified as the key driver of the global coffee substitute market.

Key Coffee Substitute Market Challenge

The rising popularity of coffee among millennials will be a major challenge for the coffee substitute market during the forecast period. The culture of socializing at cafes has become popular among millennials. The increased influx of people to urban areas and substantial increase in the number of employees in service industries have necessitated an increase in the number of cafes and food service outlets, which increased the demand for coffee products. Leading cafe chains such as Starbucks, Costa Coffee, and Barista are opening their outlets in emerging economies. The growing popularity of malls and shopping centers has also led many new players to invest substantially in the distribution of coffee through these centers. With the growth in the number of coffee-themed restaurants, coffee manufacturers are receiving several branding opportunities. Thus, the growing demand for coffee among millennials, especially in countries, such as India, will hamper the global coffee substitute market.

This coffee substitute market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global coffee substitute market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the coffee substitute market during the forecast period.

Who are the Major Coffee Substitute Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Anthonys Goods
  • Dandy Blend
  • drink nuJo
  • Flying Embers
  • Hand Family Companies
  • Mondelez International Inc.
  • Mud Wtr Inc.
  • PepsiCo Inc.
  • Postum
  • Remedy Organics
  • Rishi Tea and Botanicals
  • Slate Craft Goods LLC
  • So Good Brand Inc.
  • Tattvas Herbs LLC
  • Teeccino Caffe Inc.
  • The Hain Celestial Group Inc.
  • World Finer Foods LLC
  • World Matcha Inc.

 

This statistical study of the coffee substitute market encompasses successful business strategies deployed by the key vendors. The coffee substitute market is fragmented and the vendors are deploying growth strategies such as focusing on the quality of the products to compete in the market.

Product Insights and News

  • Dandy Blend - Dandy Blend is a privately held company headquartered in US. It is a global company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global coffee substitute market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Dandy Blend - The company offers coffee substitute such as Dandy Blend caffeine free herbal beverages. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The coffee substitute market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Coffee Substitute Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the coffee substitute market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Coffee Substitute Market?

Coffee Substitute Market Market segmentation by region

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35% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for coffee substitutes in APAC. Market growth in this region will be faster than the growth of the market in other regions.

North America is another region showing major market growth. The increasing awareness about the health benefits of green tea is rapidly rising the consumption of green tea among consumer. This will facilitate the coffee substitute market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 affected the market focus in countries such as the US and Canada. The pandemic affected the supply chain of the regional tea market, especially in the US. However, the strong presence of alternatives, such as soft drinks and organic tea, positively impacted the regional coffee substitute market. For instance, the sales of green and black teas were higher in 2021 as compared to 2020 by 3% and 6%, respectively. Also, the market growth will be stabilized during the latter part of the forecast period, as vaccination drives and economic recovery are likely to promote the growth of the market, fueling more demand from various end-users such as residential consumers, restaurants, cafes, etc.

What are the Revenue-generating Distribution Channel Segments in the Coffee Substitute Market?

Coffee Substitute Market Segmentation

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The coffee substitute market share growth by the offline segment will be significant during the forecast period. Vendors are focusing on strengthening their organized distribution networks to increase sales and revenues. Supermarkets, hypermarkets, and convenience stores aim to attract customers by offering discounts and shopping packages. Vendors that operate in the global coffee substitute market focus on promotional and marketing strategies to increase customer footfall. Some of these promotional and marketing strategies include branding through signages, the distribution of samples, and the provision of discounts on product kits. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the coffee substitute market size and actionable market insights on post COVID-19 impact on each segment.

 

Coffee Substitute Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.46%

Market growth 2022-2026

$ 1.84 billion

Market structure

Fragmented

YoY growth (%)

8.71

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 35%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Anthonys Goods, Dandy Blend, drink nuJo, Flying Embers, Hand Family Companies, Mondelez International Inc., Mud Wtr Inc., PepsiCo Inc., Postum, Remedy Organics, Rishi Tea and Botanicals, Slate Craft Goods LLC, So Good Brand Inc., Tattvas Herbs LLC, Teeccino Caffe Inc., The Hain Celestial Group Inc., World Finer Foods LLC, and World Matcha Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Coffee Substitute Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive coffee substitute market growth during the next five years
  • Precise estimation of the coffee substitute market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the coffee substitute industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of coffee substitute market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Distribution Channel

    • 5.1 Market segments
      • Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
    • 5.2 Comparison by Distribution Channel
      • Exhibit 26: Chart on Comparison by Distribution Channel
      • Exhibit 27: Data Table on Comparison by Distribution Channel
    • 5.3 Offline - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 5.4 Online - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Distribution Channel
      • Exhibit 36: Market opportunity by Distribution Channel ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Dandy Blend
              • Exhibit 89: Dandy Blend - Overview
              • Exhibit 90: Dandy Blend - Product / Service
              • Exhibit 91: Dandy Blend - Key offerings
            • 10.4 Mud Wtr Inc.
              • Exhibit 92: Mud Wtr Inc. - Overview
              • Exhibit 93: Mud Wtr Inc. - Product / Service
              • Exhibit 94: Mud Wtr Inc. - Key offerings
            • 10.5 PepsiCo Inc.
              • Exhibit 95: PepsiCo Inc. - Overview
              • Exhibit 96: PepsiCo Inc. - Business segments
              • Exhibit 97: PepsiCo Inc. - Key news
              • Exhibit 98: PepsiCo Inc. - Key offerings
              • Exhibit 99: PepsiCo Inc. - Segment focus
            • 10.6 Postum
              • Exhibit 100: Postum - Overview
              • Exhibit 101: Postum - Product / Service
              • Exhibit 102: Postum - Key offerings
            • 10.7 Rishi Tea and Botanicals
              • Exhibit 103: Rishi Tea and Botanicals - Overview
              • Exhibit 104: Rishi Tea and Botanicals - Product / Service
              • Exhibit 105: Rishi Tea and Botanicals - Key offerings
            • 10.8 Tattvas Herbs LLC
              • Exhibit 106: Tattvas Herbs LLC - Overview
              • Exhibit 107: Tattvas Herbs LLC - Product / Service
              • Exhibit 108: Tattvas Herbs LLC - Key offerings
            • 10.9 Teeccino Caffe Inc.
              • Exhibit 109: Teeccino Caffe Inc. - Overview
              • Exhibit 110: Teeccino Caffe Inc. - Product / Service
              • Exhibit 111: Teeccino Caffe Inc. - Key offerings
            • 10.10 The Hain Celestial Group Inc.
              • Exhibit 112: The Hain Celestial Group Inc. - Overview
              • Exhibit 113: The Hain Celestial Group Inc. - Business segments
              • Exhibit 114: The Hain Celestial Group Inc. - Key news
              • Exhibit 115: The Hain Celestial Group Inc. - Key offerings
              • Exhibit 116: The Hain Celestial Group Inc. - Segment focus
            • 10.11 World Finer Foods LLC
              • Exhibit 117: World Finer Foods LLC - Overview
              • Exhibit 118: World Finer Foods LLC - Product / Service
              • Exhibit 119: World Finer Foods LLC - Key offerings
            • 10.12 World Matcha Inc.
              • Exhibit 120: World Matcha Inc. - Overview
              • Exhibit 121: World Matcha Inc. - Product / Service
              • Exhibit 122: World Matcha Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 123: Inclusions checklist
                • Exhibit 124: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 125: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 126: Research methodology
                • Exhibit 127: Validation techniques employed for market sizing
                • Exhibit 128: Information sources
              • 11.5 List of abbreviations
                • Exhibit 129: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Coffee Substitute Market market growth will increase by $1.84 bn during 2022-2026.
                The coffee substitute market market is expected to grow at a CAGR of 9.46% during 2022-2026.
                Technavio has segmented the coffee substitute market market by distribution channel (Offline and Online) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
                Anthonys Goods, Dandy Blend, drink nuJo, Flying Embers, Hand Family Companies, Mondelez International Inc., Mud Wtr Inc., PepsiCo Inc., Postum, Remedy Organics, Rishi Tea and Botanicals, Slate Craft Goods LLC, So Good Brand Inc., Tattvas Herbs LLC, Teeccino Caffe Inc., The Hain Celestial Group Inc., World Finer Foods LLC, World Matcha Inc. are a few of the key vendors in the coffee substitute market market.
                APAC will register the highest growth rate of 35% among the other regions. Therefore, the coffee substitute market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the coffee substitute market market growth are:
                • Growing demand for green tea
                • Growing demand for energy drinks
                The coffee substitute market market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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