Rising At 10.2% CAGR, North America Specialty Coffee Market Will Hit Big Revenues In Future

Market Overview:
The North America Specialty Coffee Market size was valued at USD 13,528.37 Million in 2021 and is projected to reach USD 26,700.34 Million by 2028, growing at a CAGR of 10.2% from 2022 to 2028.
To help people get through their tumultuous times, the coffee industry distributes caffeine to individuals in the United States and other countries. Over the past ten years, coffee consumption, output, and prices have all gradually climbed. It is anticipated that this growing tendency would last well into the upcoming ten years. As specialised businesses like Stumptown and Blue Bottle gain recognition as their business partners, specialty coffee is becoming more and more popular in the United States. Specialty coffee consumption per day increased in the US from 9% in 1999 to 34% in 2014. Furthermore, research shows that 62% of Americans drink coffee every day. Therefore, over the projection period, the growth of the specialty coffee market in the North American area is driven by the rise in consumption.

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Market Dynamics:
Driver:
The Rising Consumption of Coffee in the Region
The market is expanding as a result of the rising demand for coffee's rising appeal and accessibility. Due to socioeconomic factors, North America is currently seeing a major increase in the specialty coffee sector. The region's desire for instant coffee has been spurred by people's hectic and demanding lifestyles. Demand will also be fueled by the accessibility of a variety of new tastes, including cappuccino, mocha, French vanilla, Italian roasted coffee, organic instant coffee, and green bean instant coffee.

Opportunities:
Quality Blends and Milk Alternatives
Single-origin beans, in the view of many coffee experts, produce the best, highest-quality coffee. At upscale coffee shops and specialised shops, it has remained the same for years. Mixtures of grains from various origins have started to take center stage recently. It was a common practice to combine various coffee varieties to increase flavour and lower expenses. Blends appear to be a trend that will endure given the uncertainty surrounding coffee production in the future.

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Market segmentation
Segmentation Analysis Of the North America Specialty Coffee Market
By Grade, the 90-100 grade segment is expected to dominate the segment owing to the chrematistics associated with these grade points. Furthermore, a coffee grade helps buyers & sellers globally align their anticipations with each other. This factor also helps to drive the segment's growth.
• 80-84.99
• 85-89.99
• 90-100
By Product Type, instant coffee segments are expected to have the maximum market share from this segment over the forecast period. Several major consumer coffee brands have begun offering instant coffee to enter this lucrative market. After announcing their partnership in 2018, Starbucks and Nestlé launched a line of "premium" instant coffees in February 2020. Growing demand for instant coffee could also benefit. useful for manufacturers.
• Instant Coffee
• Ground Coffee
• Whole Beans
• Single-Cup
• Blends
• Others
By Application, the commercial segment is expected to dominate the market over the forecast period. The commercial segment led the market due to the rising intake of coffee and the increasing count of workplaces globally employing commercial capsule machines. Further, by 2028, the home application segment will likely dominate the market due to the increasing number of double-income households.
• Home
• Commercial
By Distribution Channel, the retail distribution channel is expected to hold the maximum market share over the forecast period. Retail is selling products directly to consumers. Additionally, when roasters are involved in the end-to-end sales process, they can better understand consumers and their preferences.
• Food Service
• Specialty Stores
• Supermarkets & Hypermarkets
• Retail
• Online Stores

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Regional Analysis of North America Specialty Coffee Market
The United States is the largest market for specialty coffee in North America. The market expansion in this region will be faster than in Europe and Latin America. A significant portion of consumers in the United States, especially millennials, are looking for personalization. So, customers can customize coffee or other drinks at specialty cafes according to their preferences. During the forecast period, this will contribute to the expansion of the specialty coffee market in the United States. For example, more than half of adults in the United States consume coffee daily. That's nearly 150 million people every day. Every day, 30 million adults in the United States consume specialty coffee drinks like mocha, espresso, latte, cappuccino, mocha coffee, coffee drinks, and more. The United States imports more than $4 billion worth of coffee each year. The United States consumes 400 million cups of coffee a day, making it the largest coffee consumer in the world.
• North America (U.S., Canada, and Mexico)

Top Key Players Covered In North America Specialty Coffee Market
• Caribou Coffee Company
• Blue Bottle
• Starbucks Corporation
• Bulletproof
• Costa Coffee
• Dunkin' Donuts LLC
• Eight O'Clock Coffee
• Don Francisco's Coffee
• Caffè Nero Group Ltd.
• JAB Holding Company
• Luigi Lavazza S.p.A.
• Strauss Group Ltd. and other major players.

Key Industry Development In The North America Specialty Coffee Market
In September 2020, In Tokyo Japan, Blue Bottle Coffee installed its first vending machine, Blue Bottle Coffee Quick Stand. Based on its mission to familiarize more people with specialty coffee, Blue Bottle Coffee, which was established in Oakland, California in the early 2000s, entered the Japanese market in 2015. As of September 2020, it operates 20 cafés in Japan and has been expanding specialty coffee-related products such as instant coffee, cold brew canned coffee, along with coffee brewing goods, cups, bags, etc. Those products are now sold in its cafés and online shop.

In October 2020, Bulletproof 360, the lifestyle company widely known for innovative food, beverage, and supplements that fuel human performance, declared the release of bold new packaging over their entire portfolio and the launch of two new food and beverage offerings.

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Table Of Content:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: North America Specialty Coffee Market by Grade
Chapter 6: North America Specialty Coffee Market by Product Type
Chapter 7: North America Specialty Coffee Market by Application
Chapter 8: North America Specialty Coffee Market by Distribution Channel
Chapter 9: Company Profiles and Competitive Analysis
Chapter 10: North America Specialty Coffee Market Analysis, Insights and Forecast, 2016-2028
Chapter 11 Investment Analysis
Chapter 12 Analyst Viewpoint and Conclusion

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