Press release
Coffee Market Size to Worth Around USD 166.39 billion by 2031 | The Kraft Heinz Company, Starbucks Coffee Company
Coffee Market
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.
Market Dynamics:
The global coffee market is witnessing high growth owing to rising consumption of specialty coffee and growing cafe culture. Specialty coffee shops are gaining popularity among millennials as a place to socialize as well as enjoy specialty coffees. Moreover, the availability of different coffee flavors and innovations in coffee preparation methods are further fueling the demand for specialty coffee globally. Changing lifestyles and rising disposable income have encouraged many consumers to spend more on coffee beans and machines to brew specialty coffee at home as well. Additionally, growth in wellness segment has led many health-conscious consumers to opt for specialty coffee over other beverages due to associated health benefits of coffee.
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Major Driver: Increasing health awareness about benefits of drinking coffee
Coffee has gained popularity over the years due to its various health benefits. Research shows that drinking coffee in moderation can reduce the risk of type diabetes, Parkinson's disease, liver cancer and stroke. The high antioxidant content in coffee helps protect cells from damage. Caffeine also provides temporary metabolism boost. As people have become more health conscious, they are switching to coffee from other beverages as it is considered a healthier option. Coffee shops have also started marketing their products highlighting various health aspects which has further driven its demand.
Major Opportunity: Growth of ready-to-drink coffee segment
The ready-to-drink coffee segment provides huge opportunities for growth in the global coffee market. RTD coffee comes in formats like canned or bottled cold brew coffee, lattes, americanos etc offering convenience of on-the-go consumption. This segment has been gaining popularity among time-pressed younger consumers who prefer portable caffeinated beverages. Product innovation with various flavors and easy consumption methods is expanding the target base. RTD coffee competes directly with other fast moving consumer goods like carbonated beverages and packaged juices. Players are investing in flavored RTD coffee drinks, single-serve pods and affordable packaging to cash in on the fast-growing segment.
Major Trend: Sustainability practices and fair trade
Increasing sustainability and ethical sourcing is an important trend impacting the global coffee market. Consumers are aware of issues like deforestation, impact of agrochemicals on environment and exploitation of farmers in developing nations. They prefer brands that adopt sustainable agricultural practices and fair trade policies. Many specialty coffee shops source directly from farmers ensuring better wages and growing methods. Major roasters partner with NGOs for reforestation drives and farm assistance. Traceability of produce to origin and carbon footprint reduction have also become important considerations for coffee players. This promotes long term availability of quality coffee and encourages sustainability across the value chain.
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Top Companies Featured 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
Market Segmentation:
By Product Type:
★ By Product Type: Whole Bean, Ground Coffee, Instant Coffee, Coffee Pods and Capsules
★ By Distribution Channel: On-trade, Off-trade (Supermarkets/hypermarkets, Convenience Stores, Specialist Retailers, Other Off-trade Channels)
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
📈 What was the size of the Coffee Market in 2024, and what is the projected value by 2031?
📈 What is the present global market landscape for the Coffee Market?
📈 What strategies offer optimal opportunities for growth maximization in the business?
📈 What recent trends are shaping the Coffee Market?
📈 How does the market share of Coffee Market revenue, sales, and size vary across specific geographical regions?
📈 Who are the prominent industry players in the Coffee Market?
📈 Which segment of the Coffee Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Coffee sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/5615
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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