Coffee Market Anticipates Steady 4.67% CAGR Through 2030

Coffee Market Overview

“The Coffee Market is estimated to increase at a CAGR of 4.67% from $ 116.17 Billion in 2023 to $ 175.78 Billion by 2030.”

Coffee, a dark, bitter, and acidic beverage made from roasted coffee beans, is known for its stimulating effects due to its high caffeine content, and the hot beverage industry has the largest global sales.

Green coffee beans are roasted and crushed into small particles before being soaked in hot water. Coffee can be served hot or cooled, and can be made in various ways like espresso, French press, caffè latte, and canned already-brewed coffee. To improve taste, sugar, sugar substitutes, milk, and cream are often added to disguise bitterness or enhance flavor.

Coffee plants are grown in tropical regions of the Americas, Southeast Asia, the Indian subcontinent, and Africa, with over 70 countries producing coffee. Brazil was the top producer in 2018, accounting for 35% of global production.

Unroasted coffee is traded as food. Despite billions of dollars in sales, many coffee producers live in poverty. The coffee industry faces criticism for environmental impact, land removal, and water consumption.

The guide provides a detailed guide on the amount of caffeine in a cup of coffee.

A cup of coffee contains varying amounts of caffeine, depending on the type, serving size, and bean variety. Coffee is the largest dietary source of caffeine, with a typical cup containing 95 milligrams, ranging from 0 to over 500 mg, depending on the type of coffee drink.

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Growth Drivers

The global coffee market is expanding due to the growing working population, globalization's acceptance of western culture, and the popularity of coffee brands. Coffee shops serve as social spaces for friends, family, coworkers, and business partners. The opening of high-end outlets by companies like Starbucks, Coffee Day Enterprises Ltd, and Barista Coffee Co Ltd has fueled this growth.

Nescafé Dolce Gusto is set to introduce Neo, its next-generation coffee makers and pods, in November 2022. Neo, a Nestlé first, combines premium materials, cutting-edge technology, and sustainability. The paper-based pods are biodegradable at home and use 70% less packaging than conventional capsules, providing a more sustainable coffee experience.

Restraints

• The climatic conditions in coffee plantations have been significantly altered.
• The trend of tea as a healthier alternative drink is on the rise.

Market Trends

“Organic and fair-trade coffee is gaining popularity.”

The market for coffee is expanding more quickly due to the growing popularity of fair trade and organic coffee. Since consumers now have more faith in certified items since they know they will be dependable and safe to use, the demand for them is on the rise.

“Market expansion will be fueled by rising demand for certified coffee products.”

Customers are becoming more aware of manufacturing processes and origins of products, especially in the food and beverage sector. Certified coffee products help verify transaction legitimacy and address concerns about poverty, social injustice, and environmental impact. The food and beverage sector is requiring certified sustainable brands and labeling, known as "sustainable coffee," which adheres to social, environmental, and economic requirements and is independently recognized by a reliable third party.

Coffee Market Segment Analysis

The global coffee market is categorized into Whole Bean, Ground Coffee, Instant Coffee, and Coffee Pods & Capsules. Ground coffee is expected to dominate due to its scent and the availability of top brands.

Instant coffee is expected to rapidly expand in the near future due to its convenience factor. The market is divided into On-trade and Off-trade segments, with off-trade being the dominant category due to the abundance of product lines and large retail space available in supermarkets and hypermarkets. This growth is primarily driven by convenience.

Convenience stores are expected to experience significant growth due to their convenient and affordable coffee options, as well as their high-quality, branded products, which attract wealthy customers for their convenience.

Competitive Landscape of the Coffee Market Analysis

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

New Developments in Coffee Market

SEP 14, 2023 Nestlé ranks first in coffee sustainability

Nestlé ranked first in coffee sustainability in the new 2023 Coffee Brew Index published today in the Coffee Barometer report. This report recognizes that Nestlé has a cohesive and comprehensive coffee sustainability strategy and that its policies, objectives and actions incorporate social, environmental, and economic dimensions of coffee production. It also acknowledges Nestlé's dedicated investments to support its work.

March 16, 2023, Prosecution of Medfield Starbucks barista accused of spitting in officer’s cup will not move forward

DEDHAM, Mass. — Boston 25 News learned that the Norfolk District Attorney’s office is not moving forward with the prosecution of a Medfield Starbucks barista accused of spitting into a drink she was preparing for a police officer last year.

The barista was expected to be arraigned on Friday in Dedham District Court, but as a result of the DA’s office entering a “nolle prosequi,” the arraignment will not take place.

September 2022: CoffeeB, a Swiss coffee brand, developed a new type of compressed coffee balls, which it calls "the next generation of single-serve coffee." It uses innovative seaweed-based material wrappers instead of aluminum or plastic ones to create a capsule that retains its shape.

June 2022: Reliance Brands Ltd announced a strategic partnership with the global fresh food and organic coffee chain, Pret a Manger, for the launching and growth of the brand in India.

December 2021: FNC launched a line of coffees produced by women to provide brand differentiation.

Regional Analysis of Global Coffee Industry

“Europe currently holds a significant market dominance.”

A poll by the Institute for Scientific Information on Coffee (ISIC) found that 68% of respondents frequently drank coffee while at work, with Germany, Italy, Spain, and the UK having the highest coffee consumption. Technological advancements are enabling bean-to-cup solutions, but Nestle's Nespresso dominates the German coffee pod and capsule industry. Keurig Green Mountain and JAB Holding aim to grow, potentially hampered by Nestle's expansion in Germany. A survey by Nestle Nespresso SA revealed that 24.1% of 18-29-year-olds in Germany want to try different types of coffee and coffee recipes, promoting diversity in the coffee industry.

The coffee market in Europe is rapidly expanding, with Germany, Italy, and Belgium being particularly attractive for green coffee exporters. These countries offer direct access to coffee-producing countries and a growing demand for specialty coffees. European consumers are becoming more conscious of the origins of their food and beverage products, and are willing to pay more for high-quality, specialized coffees, making the market attractive.

North America is expected to lead the global coffee market due to its high coffee consumption, with over 70% of customers preferring home-made coffee. The local coffee industry's growth is driven by factors such as cafe culture, rising disposable income, changing workforce demographics, and food service outlets, which contribute to the growing popularity of coffee in the region.

Segments Covered in the Coffee Market Report

By Product Type

• Whole Bean
• Ground Coffee
• InsWhole Bean
• Ground Coffee
• Instant Coffee
• Coffee Pods and Capsulestant Coffee
• Coffee Pods and Capsules

By Distribution Channel

• On-trade
• Off-trade (Supermarkets/hypermarkets
• Convenience Stores
• Specialist Retailers
• Other Off-trade Channels)

Market by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
• Middle East
• Africa
• Latin America

Frequently Asked Questions

What is the expected growth rate of the Coffee market over the next 7 years?

Coffee Market is estimated to increase at a CAGR of 4.67% from $ 116.17 Billion in 2023 to $ 175.78 Billion by 2030| Report 2023 by published by Market Report Service.

Who are the major players in the Coffee market and what is their market share?

Steamy Beans Coffee.,The Busy Bean.,Boston Barista.,Jumpstart Coffee.,Mugs Coffee.,The Steam Room.,Espresso Express.,Nestle,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, are prominent players operating and dominating in the market.

Who are the top 3 Coffee Market Key Vendors?

Steamy Beans Coffee.,The Busy Bean.,Boston Barista, are key players in the Coffee market.

Which geographical areas dominate the worldwide market for Coffee?

Europe region are emerging as the top regional markets for Coffee solutions.