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Report Overview
The global coffee market was valued at approximately USD 138.15 Billion in 2024. It is projected to grow at a CAGR of 4.60% in the forecast period of 2025-2034, reaching an estimated USD 216.60 Billion by 2034. The market is witnessing robust growth, fuelled by changing lifestyles and a rising demand for premium coffee. This expansion is particularly notable in emerging markets, where the appetite for quality coffee is growing rapidly. Coffee consumption has seen a significant uptick, with the U.S. leading the way in both production and consumption. According to the National Coffee Association, the popularity of coffee in these regions is reshaping the market landscape. The global coffee market is also benefiting from the growing presence of speciality coffee shops, further influencing trends. As the coffee market evolves, its reach continues to expand, with diverse consumer preferences being catered to worldwide.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Coffee is one of the top traded commodities in the world, and its largest producer is Brazil with around 2.6 million metric tonnes produced on average a year.
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Reportedly, in 2022, 66% of Americans drank coffee on a daily basis, rising by 14% since January 2021.
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As per coffee market analysis, Asia & Oceania, and Africa’s coffee production decreased by 4.7% and 7.2% respectively owing to adverse weather conditions.
Coffee Market Competitive Landscape
Players in the coffee market are increasingly innovating with the latest technologies and ingredients to expand and innovate their offerings. Some of the latest technologies utilised include app-based transactions, automation, and even drones for convenience and faster delivery of products.
Founded in 1866, Nestlé, with headquarters in Vevey, Switzerland, is the world leader in coffee sales because of the high demand for its renowned brands Nescafé and Nespresso. Forgoing ease in dominant positions, Nestle has a rather wide portfolio that ranges from instant coffee all the way to the more premium capsules and a large distribution network worldwide.
JDE Peet’s base is in Amsterdam, and it was founded in 2019, unique for holding under its portfolio a broad range of coffee brands such as Jacobs, Douwe Egberts, and Peet's Coffee. The company dominates the retail and out-of-home playing field, having deeply penetrated the market and stamped global presence.
Starbucks Corporation is headquartered in Seattle, United States, and was founded in the year 1971. Major claims to fame include coffeehouses and premium positioning. Quality standards at Starbucks are set very high, if not for the industry, at least for customer experience on any other ground; this has helped it maintain global leadership in the coffee sector.
Based in Chicago, United States, and founded in the year 2015, The Kraft Heinz Company has been able to bank on its deep portfolio of brands which Maxwell House for wider outreach of the customers. Its marketing and distribution expertise puts it to the front for the mass coffee market.
Founded in 1895 and headquartered in Piemonte, Italy, Lavazza is an organisation that deals with high-end coffee products. Combining its traditional heritage and excellence of products, the company provides a range of whole-bean, ground, and capsule coffee catering to discerning coffee lovers worldwide.
The group Strauss was founded in the year 1939 with its headquarter in Petah Tikva, Israel. It has been trying to enhance its position by focusing on the emerging markets through the business unit Strauss Coffee. It offers various types of roast, ground, and instant coffee products to jostle for growth through joint ventures and acquisitions.
The J.M. Smucker Company is an Ohio-based corporation founded in 1897 and is known more for their fruit spreads and peanut butter products. It also owns Folgers and Café Bustelo, their coffee companies that target coffee consumers of the widest variety.
JAB Holding Company is a "Luxemburg-based holding company founded in 2012 involved in luxury goods, health, and wellness along with fast-casual eateries." Its portfolio includes Keurig Dr Pepper, Jacobs Douwe Egberts, and Peet's Coffee, among others.
Other key players in the global coffee market report are Tata Consumer Products Limited, UCC Europe Limited, Gloria Jean’s Gourmet Coffees Corp., Unilever plc, Panera Brands, Nero Holdings Limited, Coffee Beanery, Swmabhan Commerce Private Limited (RAGE Coffee), International Coffee & Tea, LLC, and BEVZILLA PRIVATE LIMITED, among others.
Coffee Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the coffee market reached an approximate value of USD 138.15 Billion.
The market is estimated to grow at a CAGR of 4.60% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 216.60 Billion by 2034.
Changing consumer preferences and trends significantly influence the coffee market. Elements like the rising demand for specialty and gourmet coffees, organic and sustainable sourcing, and the growing popularity of premium and single-origin coffee varieties all affect market dynamics.
The key trends guiding the growth of the market include the growing awareness of the health benefits associated with coffee and rapid technological advancements.
The major regional markets for coffee are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major distribution channels for coffee include hypermarkets and supermarkets, convenience stores, speciality stores, and online, among others.
The key players in the global coffee market include Nestlé, Starbucks Coffee Company, JDE Peet's, Tchibo Coffee, LUIGI LAVAZZA SPA, Strauss Coffee BV, The J.M. Smucker Company, Melitta, UCC UESHIMA COFFEE CO., LTD., Massimo Zanetti Beverage USA, The Kraft Heinz Company, JAB Holding Company, Tata Consumer Products Limited, UCC Europe Limited, Gloria Jean’s Gourmet Coffees Corp., Unilever plc, Panera Brands, Nero Holdings Limited, Coffee Beanery, Swmabhan Commerce Private Limited (RAGE Coffee), International Coffee & Tea, LLC, and BEVZILLA PRIVATE LIMITED, among others.
Roasted coffee has gained a significant market share, largely due to the global spread of coffee culture driven by international coffee chains such as Starbucks. These chains have played a key role in boosting the popularity of freshly roasted coffee, highlighting its premium quality and increasing consumer demand.
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