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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Coffee Market Growth
Coffee is one of the most popular caffeinated drinks brewed from roasted coffee beans that are harvested from certain species of the Coffea plant. It is served both hot and cold and is prepared in a variety of ways. Some of the popularly consumed coffee variants include arabica and robusta.
All commercially grown coffee is harvested in the coffee belt region of the world, located along the equatorial zone. This is because the coffee belt provides the best suitable conditions, such as rich soil, mild temperature, shaded sun, and frequent rain, for the coffee crop to thrive. Moreover, coffee is associated with health benefits, including reduced risk of cardiovascular diseases, increased alertness and concentration levels, and increased energy levels, among others.
Coffee has established its place as a key ingredient in many sectors, including sweets, beverages, and skincare, among others, owing to the presence of caffeine. Moreover, the beverage industry has grown significantly due to the widespread consumption of coffee across all age groups. This is attributed to its unique flavour and potentially addictive chemical composition, eventually boosting the growth of the coffee market globally.
Coffee Market Report Snapshots
Coffee Market Regional Analysis
*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 2023, the coffee market reached an approximate value of USD 138.15 billion.
The market is estimated to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 207.07 billion by 2032.
The major drivers boosting the market growth are the increased demand for coffee in the workplace and the increasing demand for instant coffee.
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 major players in the market are Nestlé S.A., The Kraft Heinz Company, Starbucks Corporation, The J. M. Smucker Company, JAB Holding Company, Strauss Coffee BV, LUIGI LAVAZZA SPA, 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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124