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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 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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