Coffee Market Analysis: Unveiling Trends, Growth Drivers, and Emerging Opportunities by 2023-2030 | The Kraft Heinz Company, Starbucks Coffee Company

The global coffee market size was valued at USD 127 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 4.72% from 2023 to 2030 - as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Coffee is a popular beverage made by brewing and filtering roasted and ground coffee beans. The coffee market comprises products like whole bean coffee, ground coffee, instant coffee, and coffee pods & capsules that are consumed as functional beverages to boost energy levels.

Market Dynamics:

The coffee market is expected to witness significant growth over the forecast period owing to two key drivers-

1. Firstly, the rising consumption of functional beverages for health and wellness is driving the demand for coffee products across the world. Coffee is considered to offer various health benefits such as improved cognitive functions, weight management and reduced risk of type 2 diabetes. Consumers are increasingly opting for high-quality coffees that offer additional nutritional benefits.

2. Secondly, innovative product launches such as single-serve coffee pods, ready-to-drink coffee beverages and cold brew coffee variants are gaining popularity among young consumers and office-goers. Leading market players are introducing novel flavors and customized blends to attract new consumers and increase their premiumization. The launch of sustainable coffee capsule systems is further expanding the market reach.

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Top Companies Covered In This Report:

★ The Kraft Heinz Company
★ Starbucks Coffee Company
★ The J.M. Smucker Company
★ Luigi Lavazza SPA
★ Nestle SA
★ The Coca-Cola Company
★ JAB Holding Company
★ Tata Global Beverages
★ Tchibo GmbH
★ Strauss Group Ltd

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Product Type:

★ Whole Bean
★ Ground Coffee
★ Instant Coffee
★ Coffee Pods and Capsules

By Distribution Channel:

★ On-trade
★ Off-trade

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Major Driver-

1. Increasing Demand Due to Health Benefits Associated with Coffee Consumption

One of the major drivers fueling growth in the global coffee market is the increasing demand driven by rising awareness about various health benefits associated with moderate coffee consumption. There is strong scientific evidence suggesting that regular consumption of coffee in moderation, about 3-4 cups per day, can help reduce the risk of type 2 diabetes, Parkinson's disease, liver diseases, and certain types of cancer. Coffee is also found to be good for the liver as it helps cleanse the liver and protect it from diseases. Drinking coffee has been associated with improved brain health as well due to antioxidant properties. The high levels of antioxidants in coffee protect cells from damage caused by free radicals in the body. Growing health consciousness among consumers and availability of information online is driving more people to consume coffee for its health benefits on a regular basis, thereby significantly boosting demand in the global market.

2. Evolving Consumer Preferences for Specialty and Premium Coffee Variants

Another key driver for the global coffee market is the rapidly evolving consumer preferences for specialty and premium coffee variants. Consumers today are willing to pay more for high quality coffee prepared from distinct aromatic beans sourced from different growing regions worldwide. There is rising demand for specialty coffee grades like 100% Arabica coffee sourced from specific growing regions which offer unique flavor profiles. Coffee shops are innovating their menus by offering different flavors and preparation techniques to attract more customers on a regular basis. Popularity of coffee pods, instant coffees, cold brew coffees and innovative coffee-based drinks is also surging worldwide. Improving economic conditions are allowing consumers to spend more on premium coffee products for improved taste experience. Cafes are also promoting their specialty coffee variants through innovative marketing strategies to differentiate their offerings. This evolution in consumer preferences for specialty coffee is a major driver boosting revenues in the global coffee market.

Major Restrain- Volatile Prices of Raw Coffee Beans in the International Markets

One of the major challenges restraining steady growth of the global coffee market is the volatile prices of raw coffee beans in the international commodity markets. Coffee is an agricultural commodity and its production depends on various climatic and environmental factors. Occurrence of unfavorable weather conditions like excessive rains, drought or frost in the major coffee growing regions can significantly damage coffee crops and reduce global supply. Due to lower crop yields, wholesale prices of raw coffee beans tend to spike in the international markets. International political instability, economic uncertainties and currency fluctuations in the coffee producing nations also impact coffee prices. High price volatility poses major problems for growers as well as coffee manufacturers and retailers in planning production and determining retail pricing of end products. It also tends to negatively impact consumer spending on coffee. Volatile and unpredictable international coffee prices can restrain steady market expansion over the long run if not effectively managed.

Major Opportunity- Growth of Ready-to-Drink Coffee Segment

One of the major growth opportunities for players in the global coffee market lies in the ready-to-drink coffee segment. As today's fast-paced lifestyle leaves little time for elaborate coffee preparation at home or work, on-the-go consumption of RTD coffee products is surging significantly. Coffee pods are becoming quite popular but canned/bottled cold brew coffees, iced coffees and innovative coffee-based mixes are witnessing even stronger demand worldwide. Manufacturers are innovating their product lines with different flavors, creamer additions and packaging formats like smaller cans/bottles to better meet the convenience needs of busy consumers. Countries in Asia Pacific and Latin America with growing young populations offer high growth potential for RTD coffees. If crafted properly with focus on taste, quality ingredients and marketing, ready-to-drink coffee segment can drive major revenues in the global market during the forecast period.

Major Trend- Increasing Popularity of Organic and Sustainable Coffee Variants

One of the major trends gaining traction in the global coffee market is the increasing consumer preference for organic and sustainable coffee variants. Issues regarding adverse environmental and health impacts of conventional coffee farming using chemicals are driving more consumers to switch to organic brands. There is growing awareness about detrimental effects of pesticides and chemical fertilizers used on coffee plantations. Moreover, factors like climate change are threatening coffee crop yields. As a result, many roasters and specialty coffee shops are focusing

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Key Questions Answered in This Report on Coffee Market

• How much revenue will the global Coffee Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall global market?

• What are the indicators expected to drive the global Coffee Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Market to expand their geographical presence?

• What are the major advancements witnessed in the global Coffee Market?

• This report answers these questions and more about the global Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Coffee Market Insights

3.1 Market fragmentation
3.2 Market landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Coffee Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.