Specialty Coffee Market - Global Industry Growth, Trends & Research Report 2028 | Blue Bottle Coffee Inc, Keurig Green Mountain, Inc, Caribou Coffee Company, Inc. La Colombe Torrefaction, Inc, Eight O'Clock Coffee Company, Luigi Lavazza SPA, International

The global specialty coffee market size is likely to attain over USD  117.89 billion by the year 2028. Besides, it is likely to project a CAGR of nearly 11.4% during the forecast years 2021-2028. The specialty coffee means highest single grade coffee. The specialty coffee is the number one graded coffee that score more than 80 points out of 100 points that is a scale for evaluating the grade of coffee set by SCAA (Speciality Coffee Association of America). The demand specialty coffee is increased as manufacturers are developing products according to the consumer preferences.

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Consumers have become health conscious which is boosting herbal or organic drinks consumption. To avoid the harmful effects of the synthetic fertilizers used for manufacturing products rich in nutrition, buyers are opting for natural drinks. The presence of natural ingredients in coffee is attracting the generation Y & Z as well as millennial driving the Specialty Coffee Market. Moreover, in the countries like U.S., and Canada, people are more inclined towards consuming herbal and organic foods which is also a major factor boosting Specialty Coffee Market in these countries. The organic products are produced by using raw materials that are certified by food regulatory authorities.

Also, manufacturers that provide 100% organic Specialty Coffee contain zero artificial flavors and additives that are rich source of vitamins and minerals. In the Specialty Coffee Market, the home and commercial segments have contributed for a major global shareholding in the year 2019. Interestingly, in the past few years there is an increased awareness about fitness and health consciousness due to social media platforms and digitalization which is increasing the demand for specialty coffee. Thus, unhealthy drinks like soft drinks and artificially flavored juices are being replaced with such nutritionally rich drinks owing to busy lifestyles and growing number of modern population opting for such healthy drinks. This lifestyle is trending in the middle and high-income countries or people that have busy working lifestyles and in the population having high disposable incomes.

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Brazil is the topmost producer of specialty coffee. Other producers of the Specialty Coffee Market are Vietnam, Colombia, Indonesia, Ethiopia, Honduras, India, Uganda, Mexico, Gautemala, Peru, Nicaragua, China, and more such countries. These countries produce thousands of coffee beans and supply all over the world. The producers have favorable climate and efficient infrastructure that have fostered the production capability of the producers. Their strong supply chain relations and collaborations with enterprises have made them leading producers in the world and in the Specialty Coffee Market. Moreover, new product launch/developments, partnerships & agreements, investment & expansions are some key plans implemented by the firms operating in the market.

The Europe is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the specialty coffee market in this region is mostly ascribed to the growing adoption of specialty coffee in countries such as Germany, France, United Kingdom. During the projected years, however, the North American region is anticipated to contribute the most to the market. The region's dominance can be attributed in part to the growing popularity and demand for specialty coffee in the region's countries.

The major players of the global specialty coffee market are Blue Bottle Coffee Inc, Keurig Green Mountain, Inc, Caribou Coffee Company, Inc. La Colombe Torrefaction, Inc, Eight O'Clock Coffee Company, Luigi Lavazza SPA, International Coffee & Tea, LLC, Jammin Java Cor, The J.M. Smucker Company, and Strauss Group Ltd. Renowned companies are offering new specialty coffee products. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategies to remain competitive in the global market.

Segment Overview of Global Specialty coffee Market

Grade Overview, 2019-2028 (USD Billion)

80-84.99

85-89.99

90-100

Application Overview, 2019-2028 (USD Billion)

Home

Commercial

Regional Overview, 2019-2028 (USD Billion)

North America

U.S.

Canada

Europe

UK

Germany

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia-Pacific

Middle East and Africa

UAE

South Africa

Rest of Middle East and Africa

South America

Brazil

Rest of South America

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