Decaffeinated Products Market Growth
As per Inkwood Research, the Global Decaffeinated Products Market is estimated to develop with a CAGR of 7.07% in terms of revenue during the forecasting years 2024-2032.
Decaffeination, the process of removing caffeine from coffee beans, tea leaves and other products, has gained substantial traction due to the increasing health-consciousness among consumers.
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Increasing Disposable Income and Local Consumption Drive Global Market Growth
Coffee, considered a luxury, becomes even more exclusive with the rise of the middle class in many coffee-producing nations. As local economies strengthen and the middle class expands, individuals with increased disposable income can indulge in the relatively expensive hobby of exploring premium coffee. Local consumption within the coffee-producing country holds significance for various reasons.
Decaffeinated Coffee Dominated the Product Category in 2023
Decaffeinated coffee is the primary segment within the decaffeinated product market, representing various forms of coffee beans that have undergone decaffeination processes. This segment includes decaffeinated coffee beans sourced from different regions. These decaffeinated coffee beans maintain the flavor profile of regular coffee while containing significantly reduced levels of caffeine.
North America: Fastest-Growing Region by 2032
North America, particularly the United States and Canada, presents a diverse landscape for the decaffeinated product market. The region is marked by a robust coffee culture in which consumers demand high quality decaffeinated coffee options that mirror the taste and aroma of their caffeinated counterparts.
Some of the leading companies operating in the market are Camano Island Coffee Roasters, Decadent Decaf Coffee Co, Decafino Inc, etc.
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