The Coffee Market is being driven by Rising coffee consumption
The Coffee Market is expected to grow at a CAGR of 6.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 37.7 billion. The global coffee market is experiencing a notable shift towards specialty coffee and premiumization. Consumers are increasingly seeking out high-quality, single-origin, and artisanal coffee experiences, departing from mass-produced commercial blends. Specialty coffee, marked by distinctive flavor profiles, sustainable sourcing, and masterful craftsmanship, is gaining ground among both coffee connoisseurs and casual consumers. This trend is further fueled by the third-wave coffee movement, which regards coffee as an artisanal product rather than a commonplace commodity. Premiumization is manifested in the escalating demand for specialty-grade beans, organic coffee, and ethically sourced products. Consumers are prepared to pay a premium for coffee that is ethically cultivated, fair-trade certified, or shade-grown, indicative of a broader industry trend toward sustainability and transparency.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
214 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.9% |
Market growth 2025-2029 |
USD 37.7 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
6.2 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), US, Russia, Brazil, Japan, Ethiopia, Indonesia, Canada, Philippines, Vietnam, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The coffee market encompasses various elements, including coffee blends, brewing methods such as cold brew, drip coffee, and French press, coffee roasters and their processes like coffee roasting and roast profiles. Bean sourcing, grinding, and brewing equipment are also essential. Coffee machines, filters, pods, and instant coffee are common products. Retail, shops, bars, and consumption drive the culture, with festivals, tastings, training, and certifications enhancing the experience. Sustainability, waste management, and innovation are key concerns, with research focusing on antioxidant benefits, caffeine content, aroma, and flavor.
In the coffee industry, key market segments include arabica and robusta beans, specialty coffee, single-origin coffee, fair trade coffee, and organic coffee. The global coffee market size is determined by the consolidated revenue of these sector participants. This market scope excludes coffee equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages, such as mineral waters. Market expansion will be fueled by the health benefits linked to the consumption of minimally processed coffee products, including specialty and single-origin beans, which offer rich nutritional profiles with essential minerals and vitamins.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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