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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Coffee Market Regional Analysis
Europe holds a substantial share of the coffee market, aided by the huge demand and per capita consumption of coffee in countries like Italy, the Netherlands, Germany, France, and Finland. In the North American market, the United States of America and Canada have a robust coffee culture, boasting a significant consumption of coffee, with a growing trend towards speciality and gourmet coffee experiences.
Coffeehouses, specialty cafes, and artisanal roasters have been flourishing, catering to a consumer base that values quality, sustainability, and unique flavours. The coffee industry in North America relies on the increasing focus of international coffee chains on meeting customer expectations which is likely to enhance the coffee market demand in the coming years.
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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