09/02/21 13:57(GMT) - DJ JDE Peet's Has Exposure to Fastest Growing Parts of Coffee Market, Berenberg Says -- Market T

JDE Peet's is expected to achieve a year-on-year constant growth rate of 4.0% between 2022 and 2027 by Berenberg, as coffee is one of the fastest-growing categories across the packaged food industry. The Dutch company has a 45% share in the profitable European capsule market, Berenberg says. "Relative to the consumer packaged goods coffee market, we find JDE Peet's coffee portfolio is over-weighted to the structurally resilient and high-growth single-serve and coffee beans sub-categories," the German brokerage says. Berenberg initiates coverage on the stock with a buy recommendation and a EUR41.00 target price.