At 4.9% CAGR, South & Central America Decaf Coffee Market is Projected to be WWorth US$ 1,645.35 Million by 2031 says Business Market Insights

According to Business Market Insights’ research, the South & Central America decaf coffee market was valued at US$ 1,119.46 million in 2023 and is expected to reach US$ 1,645.35 million by 2031, registering a CAGR of 4.9% from 2023 to 2031. Diversification and premiumization of product offering and western influence are among the critical factors attributed to drive the South & Central America decaf coffee market.  

Product diversification involves introducing a range of new products that cater to varied customer preferences and needs while retaining a brand’s core identity. In the decaf coffee market, this strategy translates to expanding beyond traditional offerings such as plain decaffeinated coffee, specialty blends, single-origin varieties, organic options, flavored decaf beverages, and innovative formats. In June 2024, Muskoka Roastery announced the launch of three decaf coffee products: Black Bear decaf compostable pods, Aki organic compostable pods, and compostable organic espresso capsules. By diversifying their product portfolio, companies can address a broad spectrum of consumer demands, from health-conscious buyers seeking clean-label options and looking for unique experiences. In June 2024, James Coffee Co announced the launch of half-caf and decaf coffee. In February 2024, Zend Coffee (now Zend Wellness) launched half caffeinated functional coffee blend, Pure Harmony. It is a 50/50 blend of organic Swiss Water Process decaffeinated coffee and organic naturally caffeinated coffee. In August 2023, Ueshima Coffee Company announced new products, including a Fairtrade decaf and three new specialty coffee beans. Therefore, diversification and premiumization of decaf coffee are expected to be the key trends in the decaf coffee market in the coming years.

On the contrary, availability of alternatives hampers the growth of South & Central America Decaf Coffee Market.

Based on form, the South & Central America decaf coffee market is segmented into whole bean, ground, and others. The ground segment held 49.1% market share in 2023, amassing US$ 549.16 million. It is projected to garner US$ 809.45 million by 2031 to register 5.0% CAGR during 2023–2031.

In terms of nature, the South & Central America decaf coffee market is bifurcated into plain and flavored. The flavored segment held 70.8% share of South & Central America decaf coffee market in 2023, amassing US$ 792.26 million. It is anticipated to garner US$ 1,187.31 million by 2031 to expand at 5.2% CAGR during 2023–2031.

By category, the South & Central America decaf coffee market is divided into organic and conventional. The conventional segment held 74.1% share of South & Central America decaf coffee market in 2023, amassing US$ 829.19 million. It is projected to garner US$ 1,183.47 million by 2030 to expand at 4.5% CAGR from 2023 to 2031.

In terms of distribution channel, the South & Central America decaf coffee market is categorized into supermarket and hypermarket, convenience store, online retail, and others. The supermarket and hypermarket segment held 58.6% share of South & Central America decaf coffee market in 2023, amassing US$ 656.21 million. It is projected to garner US$ 968.43 million by 2031 to expand at 5.0% CAGR from 2023 to 2031.

Based on country, the South & Central America decaf coffee market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 84.9% share of South & Central America decaf coffee market in 2023. It was assessed at US$ 950.26 million in 2023 and is likely to hit US$ 1,413.92 million by 2031, registering a CAGR of 5.1% during 2023–2031.

Key players operating in the South & Central America 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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