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Beverages
Latin America Coffee Market 2024
The market for coffee is set for moderate growth, with projections indicating an increase of USD 21.5 billion and a compound annual growth rate (CAGR) nearing 7.9% over the forecast period. In Latin America, the coffee market is primarily driven by local consumption, with many countries having a rich coffee heritage. Growing interest in specia…
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Beverages
Asia Pacific Coffee Market 2024
The Asia Pacific coffee market is anticipated to witness significant growth, with an expected uptick of USD 16.1 billion, equating to a compound annual growth rate (CAGR) of about 6% in the coming years. Asia Pacific’s coffee market is experiencing rapid growth, propelled by changing lifestyles and a burgeoning middle class with an affinity for ca…
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Beverages
Europe Coffee Market 2024
The Europe coffee market is poised for gradual growth, with an expected incremental increase of USD 17.5 billion, reflecting a compound annual growth rate (CAGR) of nearly 3.4% from 2024 to 2029. In Europe, the coffee market remains strong, supported by a deeply ingrained coffee culture and a growing trend towards premiumization. Increasing consumer prefer…
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Beverages
Middle East and Africa Coffee Market 2024
The Middle East and Africa coffee market is on track for a substantial increase of USD 14.8 billion, indicating a compound annual growth rate (CAGR) of roughly 7.7% during the forecast period from 2024 to 2029. The coffee market in the Middle East and Africa is witnessing robust growth, fueled by an evolving cafĂ© cultur…