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JDE Peet’s takes the next step in its innovation agenda with the launch of Maxwell House and Moccona Cold Brew Pure Instant Coffees in China

Amsterdam, Nov. 1 (Korea Bizwire) – JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today provided more information on the recent successful entry of Maxwell House and Moccona into the growing Cold Brew Pure Instant segment in China as part of the company’s reignited global innovation agenda. The on-trend Cold [...]

Instant Coffee Replacing Warm Beverages for Winter Sales

SEOUL, Jan. 14 (Korea Bizwire) — A new trend is sweeping over winter beverages. Instant coffees are now replacing other warm beverages in leading winter sales. CU, a convenience store chain operated by BGF Retail Co., reported that between December and mid-January, sales of soy milk, tea and other warm beverages have increased by less [...]

Amid Growing Popularity, CVSs Increasing Number of Outlets That Sell Instant Coffee

SEOUL, Mar. 15 (Korea Bizwire) — South Korea’s convenience store (CVS) chains are increasing the number of outlets selling instant brewed coffee amid growing popularity of the cheap beverage, industry sources said Thursday. South Korea’s largest convenience store chain, CU, said it will raise the number to more than 12,000, from the current 8,000, by [...]

Coffee Wars Brewing: Instant Coffee Market Shrinks With Increased Competition

SEOUL, Aug. 31 (Korea Bizwire) — With consumers facing greater options for cheap and quick coffee, instant coffee brands like Maxim and Nestlé have scrambled in recent years to adapt to the increasingly competitive industry. A joint report by the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries & Food Trade Corporation [...]

Coffee Drinkers Switching from Coffee Mix to Instant Drip

SEOUL, April 5 (Korea Bizwire) – Instant coffee consumers are switching from coffee mix to instant drip, industry sales data showed Wednesday. The market for coffee mix shrank from nearly 1.24 trillion won (US$1.1 billion) in 2012 to 910 billion won last year on four consecutive years of minus growth. Last year’s sales were down [...]

Instant Coffee the Most Popular “Korean Tea” for Tourists

SEOUL, Oct. 10 (Korea Bizwire) – Instant coffee mix was found to be the most popular ‘tea’ beverage for overseas tourists visiting Korea. Coffee mix is an instant coffee product containing ingredients such as ground coffee beans, sugar and creamer, and it comes in single serving packages for quick preparation. Of 926 surveyed tourists, 53 [...]

Instant Coffee Losing Market Share in S. Korea

SEJONG, Dec. 8 (Korea Bizwire) – South Korea’s instant coffee market has been on a steady decline despite increasing coffee consumption, as more people drink at coffee shops or buy other types of coffee drinks, industry data showed Tuesday. The instant coffee retail market was valued at 1.05 trillion won (US$895.6 million) last year, falling [...]