Market Analysis and Industry Trends in the Roasted Coffee Market

The roasted coffee market size has grown strongly in recent years. It will grow from $37.42 billion in 2023 to $40.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to expansion of coffee shop culture, increasing premiumization trends, growing awareness of coffee varieties, evolving consumer tastes and preferences, sustainability and ethical sourcing.

The roasted coffee market size is expected to see strong growth in the next few years. It will grow to $52.11 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to continued rise of specialty coffee, demand for ready-to-drink coffee products, focus on single-origin and micro-lot coffees, health and wellness trends, innovations in roasting techniques. Major trends in the forecast period include focus on sustainable and ethical sourcing, digitalization of coffee retail, global economic trends, technological advancements in roasting equipment, online sales and subscription models.

Market Overview -
Roasted coffee refers to coffee that has been roasted to bring out particular characteristics in the beans. Roasted coffee is high in vitamins, minerals, and antioxidants, which help to prevent cell damage and lessen the risk of serious illnesses such as cancer and heart disease.

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Surge In Coffee Consumption Drives Growth In The Roasted Coffee Market
The increase in the consumption of coffee is expected to boost the growth of the roasted coffee market going forward. Coffee refers to a beverage created from the roasted and ground seeds of the coffee plant through percolation, infusion, or decoction. Drinking coffee has positive effects on the liver, such as lowering levels of toxic liver enzymes, reducing the risk of dying from liver cirrhosis, and preventing liver scarring in hepatitis C patients, hence, the increase in the consumption of coffee is expected to boost the roasted coffee market. For instance, in March 2022, according to NCA (National Coffee Association), a US-based trade association, coffee consumption increased by about 14% from January 2021. Coffee is now consumed daily by 66% of Americans, more than any other beverage, including tap water. Therefore, the increase in the consumption of coffee is driving the growth of the roasted coffee market.

Competitive Landscape -
Major companies operating in the roasted coffee market report are Nestlé S.A., Starbucks Coffee Company, Luigi Lavazza SPA, Peet's Coffee Inc., JDE Peet's, Tchibo Coffee International, Strauss Coffee BV, Keurig Green Mountain Inc., Farmer Brothers Company, Royal Cup Inc., J.M. Smucker Company, Melitta Group, Massimo Zanetti Beverage USA, UCC Ueshima Coffee Co. Ltd., Tim Hortons Inc., Gloria Jean's Coffees, Hawaiian Isles Kona Coffee Co., Kicking Horse Coffee Co. Ltd., La Colombe Coffee Roasters, 85 °C Bakery Cafe, Lifeboost Coffee, Philz Coffee, Tata Consumer Products, Coffee Beanery, Westrock Coffee Company LLC, Três Corações Group, Lavazza Professional, Jacobs Douwe Egberts, Dunkin' Brands Group Inc., Eight O'Clock Coffee Company .

Product Innovation Transforms The Market
Product innovation is the key trend gaining popularity in the roasted coffee market. Major companies operating in the roasted coffee market are focusing on developing new products. For instance, in April 2021, Nestlé, a Switzerland-based food and beverage company, launched the Nescafé Gold Blend Roastery Collection. The distinctive taste profile created through roasting innovation distinguishes the Nescafé Gold Blend Roastery Series. Nestlé uses a novel roasting technique that emphasizes the distinct flavors of the various beans and uses them in their mixes to conform to the current specialty coffee demand.

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Key Segments -

The roasted coffee market covered in this report is segmented -

1) By Type: Arabica, Robusta
2) By Distribution Channel: Business-to-Business (B2B), Business-to-Consume (B2C)
3) By Application: Convenience Stores, Foodservice and Restaurants, Online Stores

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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