Coffee Shop Market Industry Outlook, Growth Factors, and Forecast 2029

Coffee Shop Market revenue is expected to grow at 3.5% through 2023 to 2029, reaching nearly USD 261.80 Bn.

Coffee Shop Market Report Scope and Research Methodology

The comprehensive Coffee Shop Market report serves as an essential resource for stakeholders in the industry. It provides insights into the past and current state of the industry, offers a forecasted market size, and presents market trends in an accessible manner. The report encompasses a thorough examination of key players, including market leaders, followers, and newcomers.

Research Methodology:

The report bases its analysis on 2022 as the reference year, with estimates for market trends from 2022 to 2029 rooted in real-world data and insights from key players across the globe. The impact of the unprecedented events of 2020, especially the region-specific lockdowns, has been meticulously examined.

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What are Coffee Shop Market Dynamics?

Coffee, the second most traded commodity globally after oil, is the most exported agricultural product, contributing a total revenue of US$ 409.89 billion in 2022. The United States leads the world as the largest importer and consumer of coffee.

Coffee remains the favored beverage among the younger demographic, with urban populations enjoying substantial disposable income actively seeking opportunities for social interaction at coffee shops and restaurants. Tier 1 and tier 2 cities are witnessing a surge in demand for a variety of cafes offering high-quality coffee and pleasant ambiance.

Specialty cafes that provide premium coffee from around the world are on the rise. These establishments, known for exotic coffee varieties and elaborate preparations, have become premium destinations for business meetings and social gatherings.

The trend of remote work is gaining momentum, with cafes providing free internet, affordable prices, and comfortable seating witnessing significant growth. These cafes have become alternatives to traditional co-working spaces, significantly boosting the coffee shop market.

Coffee Shop Market Segmentation?

By Type: The mass market coffee shop segment dominates the global coffee shop market, catering to a large consumer base seeking affordable coffee from local cafes, restaurants, and grocery stores. This segment thrives in the price range of US$ 1.50-3.50, a highly demanded range for coffee. Specialty coffee shops, on the other hand, offer premium coffee at higher price points, targeting a niche consumer base. Nonetheless, the trend of specialty coffee shops is expanding, with new entrants introducing affordable options to tap into the mass market.

By City Size: Metropolitan cities lead in this segment, boasting a high density of cafes, both independent and chain establishments. These cities often meet specific population density requirements set by major coffee chains like Starbucks and Dunkin' Donuts before launching new outlets. Tier 2 cities are expected to see growth in the coming years, with chains such as McCafe, Dunkin' Doughnuts, CCD, and Nescafe expressing interest in investments.

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Who are Coffee Shop Market Key Players?

1. The Kraft Heinz Company
2. The Coca-cola company
3. JM Smucker Company
4. JAB Holding Company
5. Starbucks
6. McCafe
7. Tully's coffee
8. Ediya Espresso
9. Gloria Jean's coffees
10. Caribou Coffee
11. Caffe Nero
12. Doutor coffee
13. Coffee bean and Tea leaf
14. Nestle SA

Table of content for the Coffee Shop Market includes:

Part 01: Executive Summary

Part 02: Scope of the Coffee Shop Market Report

Part 03: Global Coffee Shop Market Landscape

Part 04: Global Coffee Shop Market Sizing

Part 05: Global Coffee Shop Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: North America is the dominant region, with a coffee shop market size of US$ 36 billion in the US alone, featuring 37,189 coffee shops in 2022. The United States leads in coffee imports, with Starbucks as a prominent global coffee chain, generating a total revenue of US$ 19.16 billion, despite setbacks due to COVID-19.

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