Coffee Market Overview
The Coffee Market was valued at USD 127.81 billion in 2023 and is projected to reach USD 199.92 billion by 2030, growing at a CAGR of 6.6% during the forecast period (2024-2030). Coffee, a globally consumed brewed beverage derived from roasted coffee beans, continues to shape the global beverage sector. From its origin as raw, unroasted green coffee to its transformation into various forms like instant coffee and ground coffee, it has established itself as one of the most traded agricultural commodities worldwide.
The market benefits from diverse innovations, consumer preferences for premium blends, and rising global demand across regions. Arabica and Robusta beans dominate the industry, catering to varying palates and caffeine requirements, supporting millions of coffee plantations globally.
Market Scope
- Segments Analyzed:
- Source: Arabica, Robusta
- Type: Instant Coffee, Ground Coffee, Whole Grain, Others
- Process: Caffeinated, Decaffeinated
- Geography: North America, Europe, Asia Pacific, MEA & Africa, Latin America
- Base Year: 2023
- Forecast Period: 2024-2030
For more information or to request a sample report, visit:https://www.stellarmr.com/report/req_sample/Global-Coffee-Market/55
Market Drivers
- Rising Consumer Demand for Premium Coffee:
Coffee blends with health-boosting properties, like mushroom coffee and matcha lattes, are gaining traction as consumers seek beverages that complement active lifestyles. - Adoption of Innovative Brewing Techniques:
Snap chilled coffee, which preserves flavors without requiring ice cubes, is revolutionizing the market. Its convenience and rich taste make it a preferred choice among younger demographics. - Growing Coffee Tourism:
Millennials’ preference for experiential coffee consumption is propelling the growth of coffee tourism, wherein consumers seek out authentic experiences in coffee-growing regions and unique cafes globally. - Health Benefits:
Coffee’s ability to reduce diabetes risks, promote fat burning, and provide sustained energy is increasingly popular among health-conscious consumers.
Market Trends
- Emergence of Butter Coffee:
Butter coffee, refined with a tablespoon of butter for enhanced nutrition and energy, is trending among on-the-go consumers, including athletes and professionals. - Subscription Services:
Coffee subscription models, which became popular during the pandemic, continue to thrive. They offer consumers access to unique, high-end blends conveniently delivered to their doorsteps. - Expansion of Franchise Coffee Shops:
The proliferation of global franchises like Starbucks and local cafes emphasizes the demand for specialty coffees, driving the market forward.
Segmentation
By Source:
- Arabica: Dominates the market with a 70% share due to its mild flavor, low caffeine content, and increasing adoption in chocolate and caramel blends.
- Robusta: Expected to grow at a CAGR of 4.2%, driven by its higher caffeine content and rich antioxidant profile.
By Type:
- Instant Coffee: Accounts for 37% of the market, driven by its convenience and rising usage in homes and vending machines.
- Ground Coffee: Expected to grow at a CAGR of 5%, driven by its rich flavor and increasing consumer preference for freshly brewed coffee.
By Process:
- Caffeinated Coffee: Holds a dominant share of 56%, supported by the widespread usage of caffeine-rich Arabica and Robusta beans.
- Decaffeinated Coffee: Expected to grow at a CAGR of 6.3%, driven by health-conscious consumers and the inclusion of decaf options in cafes and restaurants.
For more information or to request a sample report, visit:https://www.stellarmr.com/report/req_sample/Global-Coffee-Market/55
Key Players
- The Busy Bean
- Boston Barista
- Nestlé
- Starbucks Corporation
- JDE Peet’s
- Keurig Dr. Pepper
- Lavazza
- Trung Nguyen
- Steamy Beans Coffee
Regional Analysis
North America:
The region leads the market with a 66% share in 2023. High coffee consumption, increasing disposable income, and the proliferation of coffee chains drive the demand.
Asia Pacific:
Expected to grow at a CAGR of 20%, driven by rising coffee trends in countries like China, Japan, and South Korea. The expansion of international brands like Starbucks further accelerates growth.
Europe:
Known for its strong coffee culture, the region continues to contribute significantly to the global market with established markets in Italy, France, and Germany.
Key Questions Answered
- What is the market size and growth rate of the coffee market from 2024 to 2030?
- What are the primary drivers and trends shaping the coffee industry globally?
- Which regions and segments are expected to witness the highest growth?
- Who are the major players, and what are their key strategies for market dominance?
- How is the market adapting to emerging consumer preferences and trends?
For further insights and detailed analysis, please refer to the complete market report:https://www.stellarmr.com/report/Global-Coffee-Market/55
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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