Espresso Coffee Market CAGR of 7.81% by 2030: Size, Share, Growth, Trends, and Demand

Espresso, a concentrated form of coffee brewed by forcing hot water through finely-ground coffee beans, has been a cornerstone of coffee culture for decades. Known for its rich flavor, aroma, and strong caffeine content, espresso serves as the base for many popular coffee drinks like cappuccinos, lattes, and macchiatos. Over the years, the demand for espresso has surged due to the increasing influence of café culture, growing consumer interest in specialty coffee, and the expansion of coffee chains worldwide. The espresso coffee market has grown substantially, making it a significant segment within the global coffee industry.

In the coming years, the market for espresso is expected to experience steady growth, driven by factors such as rising disposable incomes, evolving consumer preferences, and technological advancements in coffee machines. This post will provide an overview of the espresso coffee market, covering its current size, market share, growth, trends, and future demand, projecting its evolution up to 2030.

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Market Size

Data Bridge Market Research analyses that the global espresso coffee market was valued at USD 3.45 billion in 2022 and is expected to reach the value of USD 6.25 billion by 2030, at a CAGR of 7.81% during the forecast period of 2023-2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Forecasts suggest that the espresso coffee market will continue to grow at a compound annual growth rate (CAGR) of approximately 6.4% between 2023 and 2030. By 2030, the global market size is expected to surpass USD 30 billion. The increase in demand for premium coffee products, the rise of coffee-centric lifestyles, and the spread of coffee culture in emerging economies are contributing to this growth trajectory.

Market Share

In terms of market share, the espresso coffee market is dominated by several large players, including Starbucks, Nestlé, Lavazza, and Illycaffè. These companies account for a significant portion of the global market, leveraging their extensive distribution networks, strong brand recognition, and commitment to quality. Starbucks, for instance, is known for popularizing espresso-based drinks like lattes and macchiatos worldwide, making espresso accessible to millions of consumers.

Nestlé, through its Nespresso brand, has capitalized on the demand for convenient, high-quality espresso products by offering capsule-based espresso machines. This has made espresso brewing more accessible to home consumers. The success of these key players reflects the overall trend toward premiumization and the desire for a more authentic coffee experience.

In addition to these major brands, a growing number of smaller, independent roasters and specialty coffee shops are capturing market share by focusing on ethically sourced, sustainably grown espresso beans. These players emphasize quality, traceability, and direct trade relationships with coffee farmers, appealing to a more discerning consumer base.

Growth Factors

The growth of the espresso coffee market is fueled by several key factors. One of the most significant drivers is the increasing disposable income in many parts of the world, especially in emerging markets such as Asia-Pacific and Latin America. As incomes rise, more consumers are willing to spend on premium coffee products, including espresso. This trend is particularly evident in urban areas where café culture is thriving.

Another important factor is the growing awareness of specialty coffee. Consumers are becoming more knowledgeable about the different types of coffee beans, brewing methods, and flavor profiles. This has led to increased demand for high-quality espresso made from premium Arabica beans. The rise of specialty coffee shops and roasters has also contributed to the growth of the espresso market, as these establishments often highlight espresso as their flagship offering.

Technological advancements in espresso machines have also played a role in market growth. Modern espresso machines are more efficient, user-friendly, and capable of producing high-quality espresso at home, which has encouraged more consumers to invest in these devices. Additionally, the development of capsule-based systems like Nespresso has made it easier for consumers to enjoy espresso without needing extensive barista skills.

Trends in the Espresso Coffee Market

Several notable trends are shaping the espresso coffee market. One of the most prominent is the shift toward sustainability and ethical sourcing. Consumers are increasingly concerned about the environmental and social impacts of their coffee consumption. As a result, there is a growing demand for espresso made from coffee beans that are organic, Fair Trade certified, and sourced through direct trade relationships. Companies that prioritize these values are gaining favor among eco-conscious consumers.

Another key trend is the rise of single-origin espresso. Instead of blending beans from different regions, single-origin espresso highlights the unique characteristics of beans grown in specific geographic areas. This trend appeals to coffee enthusiasts who appreciate the distinct flavors that come from particular growing regions, such as Ethiopia, Colombia, or Costa Rica.

The influence of plant-based milk alternatives is another trend impacting the espresso market. As more consumers adopt plant-based diets or reduce their dairy intake, cafés and coffee shops are offering a wider variety of milk alternatives, such as almond, oat, and soy milk, to complement espresso drinks. This trend is expected to continue as demand for dairy-free options grows.

Additionally, the rise of ready-to-drink (RTD) espresso beverages is transforming the market. Consumers who seek convenience are increasingly turning to RTD espresso drinks, which are available in bottles or cans and can be enjoyed on the go. These beverages are particularly popular among younger consumers who prioritize convenience and enjoy espresso-based drinks in a variety of formats.

Demand Outlook by 2030

Looking ahead to 2030, the demand for espresso coffee is expected to grow significantly. Several factors will contribute to this rise in demand, including the continued expansion of the coffee culture in emerging markets and the increasing preference for premium coffee experiences. As more consumers become interested in specialty coffee and high-quality espresso, demand for both home-brewing equipment and café-quality espresso drinks is likely to rise.

The growing popularity of at-home espresso machines will also play a major role in driving demand. As more consumers invest in equipment to brew espresso at home, the market for espresso beans, capsules, and ground coffee will expand. This trend has been further accelerated by the COVID-19 pandemic, which shifted many consumers' habits toward making coffee at home.

Moreover, the continued development of innovative coffee products, including new espresso-based beverages, will help sustain demand. Coffee companies are likely to introduce new flavors, blends, and brewing methods to keep consumers engaged and excited about espresso.

Finally, the ongoing emphasis on sustainability will influence future demand. As consumers prioritize environmentally friendly and ethically sourced products, coffee brands that align with these values will likely see increased demand for their espresso offerings. The shift toward organic and Fair Trade-certified coffee is expected to continue, further shaping the espresso market by 2030.

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Conclusion

The espresso coffee market is poised for strong growth in the coming years, driven by rising consumer interest in premium coffee products, the expansion of café culture, and the growing popularity of at-home espresso machines. As the market continues to evolve, trends such as sustainability, single-origin espresso, and ready-to-drink espresso beverages will shape the industry's future. With a projected market size of over USD 30 billion by 2030, the demand for espresso shows no signs of slowing down. Companies that prioritize quality, innovation, and ethical sourcing will be well-positioned to succeed in this dynamic and rapidly growing market.

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