According to a market report by Lucintel, the future of the caffe latte market looks promising with opportunities in the drink to go, takeaway, restaurant services, coffeehouse services, personal use, office use, supermarkets service, convenience store services, and vending machines service markets. The global caffe latte market is expected to grow with a CAGR of 3% to 5% from 2022 to 2027. The major drivers for this market are increasing consumption of caffeine across the world, rising disposable income which leads to increasing adoption of out of home coffee drinking, easy availability of caffe latte, and growing urban population, and popularity of coffee beverages that are increasing among the young generation.
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In this market, traditional style cappuccino, wet cappuccino, dry cappuccino, flavored cappuccino, and iced cappuccinos are the major types of caffe latte. Lucintel forecasts that traditional style cappuccino market is expected to remain the largest segment over the forecast period due to the growing popularity of coffee beverages among the young generation.
Asia Pacific is expected to witness the highest growth over the forecast period due to the growing demand for western food and beverages and rising disposable income in developing countries
Starbucks, Innovative Beverage Concepts, Brad Berry Company, Vita Coco, Costa Coffee, Nescafe, McCafe, Tim Horton’s, and Dunkin Donuts are among the major suppliers of caffe latte.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global caffe latte market by location of product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Caffe Latte Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global caffe latte market by product type, application, and region as follows:
By Product Type [Value ($M) shipment analysis for 2016 – 2027]:
•Traditional Style Cappuccino
•Wet Cappuccino
•Dry Cappuccino
•Flavored Cappuccino
•Iced cappuccinos
By Application [Value ($M) shipment analysis for 2016 – 2027]:
•Drink To Go
•Takeaway
•Restaurant Services
•Coffeehouse Services
•Personal Use
•Office Use
•Supermarkets Service
•Convenience Store Services
•Vending Machines Service
•Others
By Region [Value ($M) shipment analysis for 2016 – 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 205-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/caffe-latte-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global caffe latte market by product type (traditional style cappuccino, wet cappuccino, dry cappuccino, flavored cappuccino, and iced cappuccinos), application (drink to go, takeaway, restaurant services, coffeehouse services, personal use, office use, supermarkets service, convenience store services, vending machines service, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?