Global Coffee Market Set for Growth, Projected to Reach $199.92 Billion by 2030

Coffee Market  Size

The Global Coffee Market was valued at USD 127.81 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2030, reaching USD 199.92 billion by the end of the forecast period.

Coffee Market Overview

Coffee, a staple in the beverage sector, is made from roasted coffee beans that are harvested from various coffee plant species. Two primary varieties, Arabica and Robusta, are responsible for the rich diversity in flavors and caffeine levels that define the global coffee industry. From traditional blends to innovative new offerings, the demand for coffee continues to rise globally, supported by evolving consumer preferences and expanding coffee culture.

Coffee Market Scope

The coffee market is segmented by source, type, process, and geography. These segments offer a comprehensive view of the market dynamics and provide insights into consumer preferences and industry trends across different regions.

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Coffee Market Drivers

The growth of the coffee market is driven by increasing coffee consumption across all age groups and the health benefits associated with moderate caffeine intake, such as improved alertness and cognitive function. Additionally, climate variations and weather patterns, particularly in key producing regions like Brazil, have impacted coffee production and prices. Coffee’s growing role in social experiences and its rising consumption in cafes, restaurants, and at-home setups are further propelling the market forward.

Coffee Market Trends

1. Rise of Unique Coffee Blends: The demand for specialty coffee blends that support health and wellness, such as matcha latte and mushroom coffee, is expanding. These unique blends cater to consumer interest in functional beverages that improve gut health, metabolism, and immune function.
2. Snap-Chilled Coffee: The trend of snap-chilled coffee, which preserves flavor without the need for ice, is rapidly growing. This new brewing method enhances the taste and aroma, offering an alternative to cold brews.
3. Coffee Tourism: With millennials seeking unique experiences, coffee tourism is gaining popularity. Consumers are drawn to regions that produce coffee, exploring the heritage and cultural significance of coffee-growing locales.
4. Butter Coffee: This trend, popular among athletes and fitness enthusiasts, combines coffee with butter for an added energy boost and nutrition, appealing to on-the-go lifestyles.
5. Coffee Subscriptions: The pandemic accelerated the demand for coffee subscription services, enabling consumers to enjoy high-quality coffee blends delivered directly to their homes.

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Coffee Market Segmentation

• By Source:
  • Arabica
  • Robusta
• By Type:
  • Instant Coffee
  • Ground Coffee
  • Whole Grain
  • Others
• By Process:
  • Caffeinated
  • Decaffeinated
• By Geography:
  • North America
  • Europe
  • Asia Pacific
  • MEA & Africa
  • Latin America

Coffee Market Key Players

• The Busy Bean
• Boston Barista
• Jumpstart Coffee
• Mugs Coffee
• The Steam Room
• Espresso Express
• Nestle
• JM Smucker Company
• The Kraft Heinz Company
• Starbucks Corporation
• Keurig Dr. Pepper
• F. Gavina and Sons, Inc.
• JDE Peet’s
• AMT Coffee Ltd
• Lavazza
• Trung Nguyen
• Steamy Beans Coffee

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Regional Analysis

• North America: Dominating with a 66% market share in 2023, the North American region benefits from strong consumer demand, particularly in the United States where average daily coffee consumption is high. The presence of large coffee brands and rising demand for coffee makers in public spaces are further driving growth.
• Asia Pacific: Expected to grow at a CAGR of 20% during the forecast period, Asia Pacific countries, including China, Japan, and South Korea, are experiencing an upsurge in coffee consumption. International coffee chains like Starbucks have expanded in these countries, which, combined with rising disposable incomes, are fueling demand.

Key Questions Answered

• What is the projected size of the coffee market by 2030?
• What are the key drivers and trends influencing the growth of the global coffee market?
• Which segment holds the largest share in the coffee market?
• How is regional demand for coffee evolving?
• Who are the leading players in the global coffee market?

This comprehensive report on the coffee market provides valuable insights into current market dynamics, evolving consumer trends, and opportunities for stakeholders aiming to capitalize on the increasing global demand for coffee.

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