At 9.0% CAGR, Asia Pacific Decaf Coffee Market is Projected to be Worth US$ 3,630.60 Million by 2031 says Business Market Insights

According to Business Market Insights' research, the Asia Pacific decaf coffee market was valued at US$ 1,822.88 million in 2023 and is expected to reach US$ 3,630.60 million by 2031, registering a CAGR of 9.0% from 2023 to 2031. Rising consumption among specific demographics and growing health awareness are among the critical factors attributed to drive the Asia Pacific decaf coffee market.

The rising disposable incomes in Asia are a significant driver of the decaf coffee market. As economies in key Asian countries, such as China, India, and Southeast Asia, continue to grow, a larger segment of the population has greater purchasing power, leading to a shift in consumption patterns. According to the Asian Development Bank, the middle class in Asia is expected to grow by over 1.2 billion people by 2030, with many individuals entering higher income brackets. This increased financial flexibility allows consumers to explore premium products, including specialty coffees like decaf options.

In China, for instance, the country's middle class is forecasted to surpass 600 million people by 2022, with disposable income rising steadily, driven by rapid urbanization and industrial growth. Similarly, India's middle class is expected to grow by 100 million people between 2018 and 2025, with significant rises in income levels and an evolving consumer market. This economic shift has led to a greater interest in coffee consumption as consumers seek out premium and international brands that offer decaf coffee options.

In Southeast Asia, countries like Indonesia, Vietnam, and the Philippines are experiencing an upward trend in incomes, resulting in an expanding market for coffee, including decaffeinated varieties. With increased disposable income, consumers are not only willing to try new coffee experiences but also pay more for higher-quality, healthier beverages, such as decaf coffee.

On the contrary, availability of alternatives hampers the growth of Asia Pacific decaf coffee market.

Based on form, the Asia Pacific decaf coffee market is segmented into whole bean, ground, and others. The ground segment held 48.5% market share in 2023, amassing US$ 884.82 million. It is projected to garner US$ 1,765.11 million by 2031 to register 9.0% CAGR during 2023-2031.

In terms of nature, the Asia Pacific decaf coffee market is bifurcated into plain and flavored. The flavored segment held 70.3% share of Asia Pacific decaf coffee market in 2023, amassing US$ 1,281.29 million. It is anticipated to garner US$ 2,603.09 million by 2031 to expand at 9.3% CAGR during 2023-2031.

By category, the Asia Pacific decaf coffee market is divided into organic and conventional. The conventional segment held 68.9% share of Asia Pacific decaf coffee market in 2023, amassing US$ 1,255.07 million. It is projected to garner US$ 2,406.94 million by 2030 to expand at 8.5% CAGR from 2023 to 2031.

In terms of distribution channel, the Asia Pacific decaf coffee market is categorized into supermarket and hypermarket, convenience store, online retail, and others. The supermarket and hypermarket segment held 59.6% share of Asia Pacific decaf coffee market in 2023, amassing US$ 1,085.54 million. It is projected to garner US$ 2,170.93 million by 2030 to expand at 9.0% CAGR from 2023 to 2031.

Based on country, the Asia Pacific decaf coffee market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 25.4% share of Asia Pacific decaf coffee market in 2023. It was assessed at US$ 235.22 million in 2022 and is likely to hit US$ 507.45 million by 2031, registering a CAGR of 10.1% during 2023-2031.

Key players operating in the Asia Pacific decaf coffee market are Nestle SA, illycaffè S.p.A, Luigi Lavazza SPA, Kraft Heinz Co, Fresh Roasted Coffee LLC, Lifeboost Coffee LLC, Koffee Kult Corp, JDE Peet’s NV, Reily Foods Co, Snowy Elk Coffee Co, Lucaffe Pty Ltd, Karam Foods Industries Co. L.L.C, J M Smucker Co, Keurig Dr Pepper Inc, Esselon Coffee Roasting Inc, Christopher Bean Coffee Co, Crazy Cups, Caffè Vergnano, Massimo Zanetti Beverage Group, and Don Pablo Coffee, among others.

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