Consumption of Coffee is anticipated to increase at 4.6% CAGR From 2023 to 2033

According to a recently published report by Fact.MR, the global coffee market is anticipated to reach a value of US$ 34.3 billion by the end of 2022. The demand for coffee is expected to experience moderate growth, primarily driven by the increasing demand for caffeine-based dietary supplements and the rising inclusion of dairy beverages in daily diets.

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Coffee has been a popular beverage across the world for decades and its popularity is expected to increase further over the coming years owing to the increasing use of coffee in several industry verticals and rising consumption in developing economies. Supportive government and organizational initiatives to promote coffee farming are also expected to provide impetus to coffee consumption on a global level in the future.

The International Coffee Organization reports a consistent increase in global coffee bag consumption over the past few years. Following tea, coffee remains a staple beverage worldwide, particularly in urban environments where its higher caffeine content is valued for coping with fast-paced lifestyles. The versatility of coffee continues to expand as manufacturers invest in innovative production techniques, leading to new applications for this popular beverage.

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Leading Players in the Global Coffee Market
The report profiles key players in the global coffee market, including Starbucks Corp., Nestlé S.A., Unilever Plc, Jacobs Douwe Egberts, Tata Global Beverages, Matthew Algie & Co. Ltd., Tchibo coffee, The Kraft Heinz Co., Keurig Green Mountain, and Strauss Group Ltd.

Market Taxonomy
Grade: Arabica, Robusta, Specialty, Others

Sales Channel: Supermarkets/Hypermarkets, E-commerce, Coffee Houses, Traditional Grocery Stores, Other Retail Formats

Application: Hot Drinks, Ready-to-Drink Coffee, Flavored Beverages, Food & Beverage Flavors, Nutraceuticals, Pharmaceuticals, Cosmetics, Other

A significant opportunity for market expansion lies in emerging economies, where coffee prices are lower, making it more affordable for a wider population. Companies are strategically targeting regions with high coffee exports to enhance their global market presence. The global coffee market is expected to maintain a steady demand, given the unparalleled position of coffee in daily diets. Consumers are increasingly incorporating coffee into fast-serving beverages for improved metabolism, and some market players are shifting towards procuring organic coffee beans.

The growing availability of different types of caffeinated beverages, increasing awareness about the benefits of caffeine consumption, changing consumer preferences, growing use of coffee in nutraceuticals, rising per capita disposable income, and increasing number of launches of new coffee products are other prospects that could potentially boost coffee demand throughout the forecast period.

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Forecast Highlights from the Report
Europe: Expected to remain a lucrative market for coffee, with the European coffee market projected to surpass US$ 6 billion by the end of 2022.

Asia-Pacific excluding Japan (APEJ): The largest market for coffee, driven by ample availability of raw coffee beans, government-backed initiatives, and a vast consumer base.

Grade: Arabica poised to dominate, with an expected impressive growth in demand for Robusta-grade coffee.

Sales Channel: Supermarkets/hypermarkets lead in coffee product sales, while traditional grocery stores are anticipated to record notable coffee sales.

Application: Hot drinks application of coffee to gain traction, with global revenues expected to exceed US$ 15 billion.

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