The World's Coffee Craze, exploring production, export, and consumption patterns in Brazil, India, Colombia, and Italy

The coffee industry, a global juggernaut, has permeated cultures, economies, and daily routines across the world. From the lush coffee plantations of South America to the bustling cafés of Europe and the rising coffee culture in Asia, the beverage has evolved into much more than just a morning pick-me-up. According to the research report, "Global Coffee Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 185 Billion by 2029, increasing from USD 128.93 Billion in 2023. The market is expected to grow with 6.47% CAGR by 2024-29. The coffee market is rising due to the growing culture of consuming coffee as a refreshing drink among the younger population, especially in India, Italy, the United States, China, Japan, and the Philippines. In addition, the increasing disposable income coupled with urbanization is the primary factor contributing to the growth of the coffee market. On the other hand, the various health benefits of consuming coffee, such as reducing the risk of diabetes, burning fat, and consuming high energy from caffeine spikes, are also driving the market growth. Consumers are shifting towards more organic or plant-based coffee to maintain a healthy lifestyle. Hence, key players are engaged in product innovations to maintain a stronger foothold in the market. For instance, in 2021, Nestle Japan launched a range of Nescafé lattes, including coffee capsules crafted with plant-based ingredients, to meet consumer's rapidly growing interest in plant-based food. In addition, another significant factor driving the market growth are busy lifestyles, leading to coffee chains becoming more popular among customers who enjoy their coffee on the go. Consumers demand premium products that emphasize quality. Therefore, they are attracted to top-notch coffee houses that offer the best coffee quality, which is a significant factor for repeated visits.

Instant coffee differs from fresh coffee in that it dissolves completely when dry coffee is added to water. It can be brewed in a mug without any special equipment. Instant coffee is made from dehydrated, freshly brewed coffee. After brewing coffee, it is dried to leave a powder and can be stored and rehydrated at any time. Instant coffee is very similar to fresh coffee in that it has the same origin. Instant coffee is mainly consumed, easy to prepare, and delicious. For this reason, large instant coffee brands are in great demand. It is also used in vending machines, small cafes, and around homes. These factors are driving the growth of the segment in the market. The product's convenience of use primarily drives the demand for instant coffee. Due to the existence of multiple international firms, the instant coffee market is highly fragmented. Large corporations associate with several other businesses to remain competitive in the market and get into joint ventures, collaborations, and product launches. To compete with Nescafe and Bru instant coffees, Tata Global Beverages, an Indian multinational non-alcoholic beverage firm, launched its instant coffee brand, Tata Coffee Grand. Based on distribution channel, the market is segmented into On-trade and Off-trade. Off-trade is further segmented into Supermarkets/hypermarkets, Convenience Stores, Specialist Retailers, and Other Off-trade Channels. Convenience Stores segment is also expected to witness significant growth in the near future. This segment offer convenient and affordable cups of coffee for on-the- go customers. Moreover, convenience stores offers premium and branded coffee products, and thus, they attract high-income consumers. Supermarkets' and hypermarkets' extensive product visibility expands the consumer base and drives sales.

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Arabica coffee is renowned for its superior and complex flavor profile, characterized by a wide range of nuanced and aromatic notes. It often exhibits a smoother, less bitter taste compared to its counterpart, Robusta (Coffea canephora). Arabica beans are prized for their pleasant acidity, floral and fruity undertones, and overall balanced flavor, making them highly desirable among coffee connoisseurs. Arabica plants thrive in higher elevations with cooler temperatures and consistent rainfall, typically between 2,000 and 6,000 feet above sea level. This elevation requirement contributes to the unique characteristics of Arabica beans. While Arabica is more challenging to cultivate due to its susceptibility to diseases and pests, the specific growing conditions it demands contribute to its distinctive flavor profile. The growing global interest in specialty coffee, with an emphasis on unique flavors, quality, and origin transparency, has further propelled Arabica to the forefront. Conventional coffee farming often utilizes high-yield varieties and agrochemicals to boost production. This result in larger harvests per acre compared to some organic farming methods. The increased yield helps meet the high demand for coffee globally. Conventional coffee production is more widespread on a global scale. Major coffee-producing countries, such as Brazil and Vietnam, have extensive conventional coffee plantations. The sheer volume of conventional coffee produced contributes significantly to its market dominance. Conventional coffee plants are often engineered or treated with synthetic pesticides to resist common pests and diseases. This can lead to a more stable and predictable harvest compared to organic methods, where pest control relies on natural and biological means. Conventional coffee has been the norm for many decades, and consumers have become accustomed to its taste and affordability.

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European cities are renowned for their vibrant café cultures. Cafés serve as social hubs, places for meetings, and settings for leisure. The prevalence of cafés, both large chains and independent establishments, contributes to high coffee consumption levels. The experience of enjoying coffee in a café setting is deeply ingrained in European lifestyle. There is a growing trend in Europe towards premium and specialty coffee. Consumers are increasingly interested in the quality, origin, and unique flavors of their coffee. This has led to the rise of specialty coffee shops and an emphasis on higher-quality beans, contributing to a more diverse and sophisticated coffee market. Europe is home to a diverse range of coffee preferences. Different countries have their own unique ways of preparing and enjoying coffee, reflecting a broad spectrum of tastes. For example, the strong espresso tradition in Italy contrasts with the preference for filter coffee in countries like Sweden and the Netherlands. European countries have been at the forefront of market development and innovation in the coffee industry. This includes the introduction of new brewing methods, the expansion of coffee varieties, and the development of ready-to-drink coffee products. European consumers are often early adopters of coffee trends and innovations. The population of Europe is substantial, providing a large consumer base for the coffee market. The diverse preferences across different regions contribute to a robust and dynamic coffee market that caters to various tastes and preferences. European consumers have shown a heightened awareness of sustainability and ethical sourcing in recent years. This has led to an increased demand for sustainably sourced and certified coffee. Many European consumers are willing to pay a premium for coffee that aligns with environmental and social responsibility.

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The North American coffee market is one of the most developed and diverse globally, with the United States being the largest consumer. In the U.S., coffee consumption is deeply ingrained in the culture, with a significant demand for specialty coffees, such as cold brews, lattes, and organic blends. The trend towards premiumization, where consumers are willing to pay more for high-quality, ethically sourced coffee, is particularly strong. Canada also boasts a robust coffee market, characterized by high per capita consumption and a growing preference for single-origin and artisanal coffees. The rise of coffee shops and cafes as social hubs, coupled with the increasing popularity of at-home brewing methods like pour-over and espresso machines, continues to drive growth in the region. Asia-Pacific is one of the fastest-growing regions in the global coffee market, with countries like China, Japan, South Korea, and Vietnam leading the way. Traditionally a tea-drinking region, Asia-Pacific has seen a surge in coffee consumption, particularly among younger, urban populations. China, in particular, is witnessing explosive growth in its coffee market, driven by a burgeoning middle class, the expansion of coffee chains like Starbucks, and a shift towards Western lifestyles. Japan and South Korea have well-established coffee cultures, with a strong demand for both instant coffee and specialty brews. Vietnam, one of the world's largest coffee producers, is also experiencing growth in domestic consumption, with a rising interest in premium and specialty coffees.

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South America is the heart of global coffee production, with Brazil and Colombia being two of the largest producers and exporters of coffee beans in the world. Brazil dominates not only in production but also in consumption, with coffee deeply embedded in its culture. The country's coffee market is diverse, catering to both mass-market products and high-end specialty coffees. Colombia is renowned for its high-quality Arabica beans, with the country focusing on exporting its premium coffee to markets around the world. While these two countries are the giants of the region, other nations like Peru, Ecuador, and Costa Rica are also significant players, contributing to the global supply of coffee and increasingly focusing on specialty and organic coffee production. The coffee market in the Middle East & Africa is marked by a rich coffee culture and growing consumption. Ethiopia, often regarded as the birthplace of coffee, is a significant producer of Arabica beans and has a strong domestic market. Coffee is an integral part of the culture in many African countries, including Kenya, Uganda, and Tanzania, which are known for producing high-quality beans that are highly sought after in global markets. The Middle East, particularly countries like Saudi Arabia, the UAE, and Turkey, has a long-standing tradition of coffee consumption, with a preference for traditional brews like Turkish coffee and Arabic coffee. The region is also witnessing a growing trend towards specialty coffee, with an increasing number of coffee shops and cafes offering a range of premium products. The expansion of Western coffee chains, alongside the rise of local specialty coffee roasters, is contributing to the growth of the market.

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Considered in this report
• Geography: Global
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Aspects covered in this report
• Global coffee market with its value and forecast along with its segments
• Region & Country-wise coffee market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Instant Coffee
• Ground Coffee
• Whole Bean
• Coffee Pods And Capsules

By Distribution Channel
• Off-Trade (Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, Other Off-Trade Channels)
• On-Trade

By Nature
• Conventional
• Organic

By Source
• Arabica
• Robusta

Contact us:
Steven Thomas - Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

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This release was published on openPR.