The Business Research Company’s latest report Coffee And Tea Global Market Report 2020 covers Coffee And Tea market drivers, Coffee And Tea market trends, Coffee And Tea market segments, Coffee And Tea market growth rate, Coffee And Tea market major players, and Coffee And Tea market size. The report provides in-depth analysis of the impact of COVID-19 on the Coffee And Tea industry, along with revised market numbers due to the effects of the coronavirus.
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Coffee And Tea Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global tea and coffee market is expected to grow from $142.1 billion in 2019 to $148.5 billion in 2020 at a compound annual growth rate (CAGR) of 4.6%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $191.1 billion in 2023.
The report covers the Coffee And Tea market’s segments-
1) By Type: Coffee, Tea
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
3) By Form: Liquid, Powder, Capsules
4) By Packaging: Containers, Bags, Packets or Pouches.
Subsegments covered: Roasted Coffee, Coffee Concentrates, Essences And Extracts, Others – Coffee, Black Tea, Green Tea, Specialty Tea, Others – Tea.
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