Monday, September 16, 2013

Market Overview: Coffee Market Analysis In US - September 2013



Coffee - US - September 2013

Variety has fueled growth and led to a boost in sales for coffee manufacturers. However, Mintel research finds that many new products have yet to interrupt consumers’ everyday coffee rituals, namely, a cup of roasted ground coffee prepared in a standard drip coffee maker. Manufacturers must find ways to introduce new products into consumer routines through emphasis on affordability, flavor, and enjoyment.


TABLE OF CONTENT

Scope and Themes
What you need to know
Definition
Data sources
Sales data
Consumer survey data
Abbreviations and terms
Abbreviations
Terms

Executive Summary
Overview
The market
Consumers’ desire for more, better coffee continues category’s annual growth
Figure 1: Total U.S. sales and fan chart forecast of coffee, at current prices, 2008-18
Roasted coffee’s dominance forecast to erode as more people opt for one cup at a time
Figure 2: Total U.S. retail sales and forecast of coffee, by segment, at current prices, 2008-18
Key players
Single-cup coffee, RTD companies offset declines from roasted, instant manufacturers
The consumer
Coffee fans apt to drink more coffee at home than away from home
Figure 3: Changes in personal consumption of coffee at home by out of home, July 2013
Roasted coffee dominates daily coffee consumption, single-cup catching up
Figure 4: Personal consumption of top five coffee types consumed at least daily, July 2013
Brand, but also price, drive most retail coffee purchases among races and ethnicities
Figure 5: Top five attributes influencing packaged coffee purchases, by race, July 2013
Younger people less likely to be coffee dependent, most likely to cut back for health
Figure 6: Attitudes and behaviors toward daily coffee consumption and caffeine content, by age, July 2013
What we think

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Issues and Insights
Breaking out of the morning rut: when are other times to drink coffee?
Insight: introduce new times to socialize, relax, and entertain with coffee
What can keep coffee drinkers aged 18-36 more active in at-home market?
Insight: address out-of-home competition with affordable, great-tasting at-home coffee
What can encourage people aged 49+ to try new coffee products?
Insight: entice more traditional drinkers with innovations based on their favorites

Trend Applications
Trend: FSTR HYPR
Trend: Mood to Order
Mintel Futures: Human

Market Size and Forecast
Key points
Variety, specialization fuel category’s annual growth trajectory
Figure 7: Total U.S. sales and forecast of coffee, at current prices, 2008-18
Figure 8: Total U.S. sales and forecast of coffee, at inflation-adjusted prices, 2008-18
Fan chart forecast
Figure 9: Total U.S. sales and fan chart forecast of coffee, at current prices, 2008-18

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Market Drivers
Key points
Commodity prices of coffee supplies continue to decrease
Figure 10: Average monthly price for raw coffee supplies, January 2010-July 2013
Figure 11: Attitudes and behaviors toward coffee prices, by age, July 2013
Rising consumer confidence + falling prices = improved coffee budgets?
Figure 12: Changes in at-home personal coffee consumption, by age and household income, July 2013
Figure 13: Changes in out-of-home coffee consumption, by age and household income, July 2013
Consumption rate, population growth could lead to continued boom
Figure 14: Any personal consumption (net) of coffee segments, by race, July 2013
Younger consumers more willing to embrace new coffee formats
Figure 15: Any personal consumption (net) of coffee, by gender and age, July 2013

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