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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Coffee Market Share
The Rising Popularity Of Whole-Bean Coffee Is Aiding The Market Growth
As per coffee industry analysis, whole coffee is likely to cover a substantial portion of the market in the coming years owing to its preference among coffee connoisseurs and enthusiasts. The trend towards premiumisation, where consumers are willing to pay more for superior quality and unique coffee experiences, is a significant driver for the whole-bean segment.
Manufacturers in the global coffee market are adopting advanced technologies in the production of coffee to innovate their products and further expand their market share. With the advent of coffee pods and capsules, coffee’s popularity has skyrocketed due to its ease of use, reduced preparation time, and minimal effort required in the brewing process, thereby resonating with evolving consumer demands. This shift has notably extended to workplaces where the practicality of pods and capsules has made them a preferred choice.
Manufacturer Are Increasingly Collaborating With HoReCa Companies To Bolster Their Presence In The Coffee Market
The demand of the coffee market is expected to grow rapidly during the forecast period owing to the expanding HoReCa sector. The HoReCa sector serves as a critical touchpoint for introducing a wide variety of coffee products to a diverse consumer base. Hotels, restaurants, and cafés offer unique platforms for coffee brands to showcase their products, from specialty coffees to international blends, thus broadening consumer exposure and preferences.
On the other hand, the retail sector is expected to account for a significant portion of the global coffee market share with a focus varying from mass-market products that prioritise convenience and affordability to premium brands that emphasise origin, quality, and sustainability. The sector, consisting of supermarkets, grocery stores, specialty stores, and online platforms is instrumental in making coffee accessible to a wide audience, accommodating various tastes and preferences, and boosting the coffee industry revenue.
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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