Coffee Market : Global Industry Analysis and Forecast (2023-2029)

Coffee Market size was valued at US$ 122.34 Bn. in 2022 and Arabica is one of the dominating segments reviewed in the report is dominating Coffee Market
Coffee Market Overview:
Coffee is one of the largest exported agricultural products, supporting millions of coffee plantations and coffee bean roasters. Coffee has become popular in the young population in the last decade with substantial disposable income and a higher standard of living pushed the premium coffee consumption. Arabica and Robusta are two major types of plants used to make different sub-branches of coffee beans with different palette notes, flavors, and caffeine content. Brazil is the world's largest producer of premium Arabica coffee and Vietnam is the world's largest producer of Robusta coffee.To know about the Research Methodology :- Request Free Sample Report
Coffee Market Dynamics:
The coffee market is booming as consumption increases for all age groups and global coffee exports total 10.61 million bags in 2022, creating great demand around the world. Especially in India, China, and the Philippines, the popularity of younger generation coffee is increasing and the demand for coffee beans is increasing. Certain health benefits of coffee, such as reducing the risk of diabetes, fat burning, and high energy intake from caffeine spikes.

The growth of local and global franchise coffee shops is driving the demand for a variety of coffee as customers are willing to pay for the high-quality coffee that has become a medium for socializing. As a result, coffee shops such as Starbucks, Costa, and CCD are booming.

With the growing cafe culture of today's younger generation and rising disposable income, employee demography, urbanization, and gastronomy are some of the factors contributing to the growth of the global coffee market. Changes in labor culture, especially in the corporate industry, should further stimulate demand in the global market as well as improve living standards.

Companies that are revising their service strategies and new modern brands to increase customer satisfaction and loyalty are other factors that are improving the global coffee market around the world. Increasing demand for organic varieties is expected to further drive demand for coffee shortly due to increased awareness of the health benefits of coffee. With the introduction of various flavors such as baristas, CCDs, and Starbucks, the customer experience scenario has been enhanced.
Restraints
Many Coffee producing countries have experienced environmental issues due to wet processes in the coffee production process and caused water pollution at large. New techniques are being developed to reduce the harmful impact on the environment.
Coffee Market Segment Analysis:
By Coffee Bean, Arabica dominates the coffee bean segment of the global coffee bean market with a 70% market share. Arabica is a premium class coffee with a sweet and soft taste, with sugar, fruit, and berry aromas on the palette. Therefore, large consumers and coffee shops are choosing the best coffee blends for Arabica coffee beans. Robusta coffee beans have a high caffeine content, which makes them less sour and much stronger. Robusta coffee accounts for 25% of global demand. Due to its rich taste and premium quality, Arabica coffee may continue to dominate the market for the next six years.

By Product, Instant coffee is dominating in Global Coffee Market. As the name implies, instant coffee is mainly consumed, easy to make, and tastes great. This is why the major coffee brand is in high demand for instant coffee. It is also used in vending machines, small cafes, and around homes. Ground coffee and specialty coffee also have a significant market share due to the significant increase in ground coffee consumption. Specialty coffees are becoming more popular as coffee lovers are increasing their demand for specialty coffees.

By Distribution, The online platform dominates the sales channel segment of the global coffee market. COVID-19 has influenced many companies to move online to continue their pandemic. The coffee market is one of the companies that has switched online by offering a limited. European consumers are getting used to online stores relatively quickly, and premium outlets are online. Offline stores are declining sharply as social distance norms are applied around the world. The recovery of offline coffee stores and coffee shops is expected by 2022 as the vaccination campaign is on the fastest path.
Coffee Market Regional Insights:
The European region dominates the global coffee market with a consumption of 54,065 thousand coffee bags per 60 kg. Europe accounted for 35% of the world market share. The high demand for coffee in the European region and a large number of consumers of specialty coffee means that 86% of green coffee was imported directly from the country of origin.

The Asia-Pacific region is the second-largest region with 2900 tonnes of coffee consumption due to increased coffee consumption in China, India, and the Philippines, where coffee demand is highest. The Asia-Pacific region shows the potential to overtake Europe in the next five years as demand for coffee increases as Southeast Asian countries emerge as demand-creating countries in 2020.

North America accounted for 4,860 tonnes of coffee consumption and South America accounted for 1630 tonnes. Coffee demand in North and South America has been constant for the past four years.

The objective of the report is to present a comprehensive analysis of the Global Coffee market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Coffee market dynamics, structure by analyzing the market segments and projecting the Global Coffee market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Coffee market make the report investor’s guide.
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Coffee Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 122.34 Bn.


Forecast Period 2023 to 2029 CAGR:
6.2%
Market Size in 2029:
US $ 186.40 Bn.


 Segments Covered:
by Product
Foundation
Concealer
Powder
Primer


by Type
Instant Coffee
Ground Coffee
Whole Grain
Others


by Distribution Channel
Online
Offline



Coffee Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Coffee Market Key Players are:
1. Steamy Beans Coffee.
2. The Busy Bean.
3. Boston Barista.
4. Jumpstart Coffee.
5. Mugs Coffee.
6. The Steam Room.
7. Espresso Express.
8. Nestle
9. JM Smucker Company
10.The Kraft Heinz Company
11.Starbucks Corporation
12.Keurig Dr. Pepper
13.F. Gavina and Sons, Inc.
14.JDE Peet's
15.AMT Coffee Ltd
16.Lavazza
17.Trung Nguyen

Frequently Asked Questions:

1. Which region has the largest share in Global Coffee Market?
Ans: Europe region held the highest share in 2022.

2. What is the growth rate of Global Coffee Market?
Ans: The Global Coffee Market is growing at a CAGR of 6.2% during forecasting period 2023-2029.

3. What is scope of the Global Coffee market report?
Ans: Global Coffee Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Coffee market?
Ans: The important key players in the Global Coffee Market are – Steamy Beans Coffee., The Busy Bean., Boston Barista., Jumpstart Coffee., Mugs Coffee., The Steam Room., Espresso Express., Nestle, JM Smucker Company, The Kraft Heinz Company, Starbucks Corporation, Keurig Dr. Pepper, F. Gavina and Sons, Inc., JDE Peet's, AMT Coffee Ltd, Lavazza, and Trung Nguyen

5. What is the study period of this market?
Ans: The Global Coffee Market is studied from 2022 to 2029.