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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 Trends
The global coffee market is evolving with a strong demand for specialty coffee, gourmet coffee, and organic options. Consumers are increasingly favouring premium and high-quality roasted coffee, including single-origin varieties, as trends shift towards sustainable sourcing and ethical practices. Coffee producers, roasters, and retailers are responding to consumer preferences with innovative products like coffee pods and capsules. According to the FAO, Brazil remained the leader in global coffee production in 2022, producing 3.17 million tonnes, while India followed with 338,619.22 tonnes, reinforcing its important contribution to both specialty coffee and gourmet coffee markets. The market for gourmet coffee is growing, driven by a desire for unique flavours and quality. Specialty coffee is at the forefront of this transformation, as consumer demand for distinctive, sustainable coffee continues to rise.
The global coffee market faces various challenges, with coffee beans production or coffee harvest is affected by unpredictable weather conditions, natural disasters, and diseases like coffee rust. In 2022, Brazil, Vietnam, and Colombia were key producers, but their coffee harvests were impacted by these factors, leading to reduced supply. According to USDA data, Australia imported 200,060 kilograms of roasted and ground coffee during the 2022/23 period. Geopolitical issues further disrupted the coffee supply chain, influencing prices. Coffee plants in these regions also struggled with the spread of diseases, particularly coffee rust, affecting the overall production. As a result, fluctuating market dynamics have shaped the coffee market, with changes in production volumes influencing global supply and prices.
The global coffee market is experiencing shifts driven by changing demographics and evolving consumer preferences. Millennials and Gen Z are becoming key coffee consumers, seeking specialty coffee with unique flavors and decaffeinated options. According to National Coffee Data Trends (NCDT), these younger generations are increasingly attracted to sustainable sourcing practices, prioritising ethical production. At the same time, the aging population is driving demand for milder coffee options. Age distribution plays a significant role in shaping lifestyles, with millennials and gen z consumers favouring innovation in the coffee sector, while older consumers seek familiar tastes. The growing demand for quality, sustainable coffee is reshaping the market landscape.
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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