Coffee Shop Market Growth Rate (CAGR), Historical Data and Forecast 2030

𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐨 𝐑𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 270.95 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2030

The global coffee shop market is experiencing steady growth, with its size valued at USD 212.97 billion in 2023 and projected to reach USD 270.95 billion by 2030, reflecting a compound annual growth rate (CAGR) of 3.5%. This expansion is driven by increasing urbanization, rising disposable incomes, and evolving consumer preferences towards premium coffee experiences.

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭:

Coffee is the most exported agricultural product, therefore local and franchised coffee shops can choose from a wide range of coffee beans to give their patrons the best coffee possible. The need for coffee shops in urban and semi-urban areas has increased due to the growing urban population, the rise in young people's disposable income, and the need for modern cafés. In contrast to the traditional coffee shop structure, coffee shops are increasingly being constructed for socializing, business meetings, and formal and casual meetings.

𝐅𝐨𝐫 𝐚 𝐪𝐮𝐢𝐜𝐤 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞: https://www.maximizemarketresearch.com/request-sample/113030/

𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭:

Coffee is the world's most exported agricultural product and the most traded commodity after oil. In 2023, the coffee segment will have a total revenue of US$ 409.89 billion. The United States is the country that imports the most coffee and consumes the most of it.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐕𝐢𝐞𝐭𝐧𝐚𝐦: 𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Vietnam, as one of the largest coffee producers globally, presents substantial opportunities for the coffee shop market. The country's rich coffee culture and increasing urban middle-class population are driving the demand for both traditional and modern coffee establishments.

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝: 𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

In Thailand, there is a growing trend towards specialty coffee shops that offer unique blends and brewing techniques. The younger demographic's inclination towards premium coffee experiences is fostering the expansion of boutique cafes across urban centers.

𝐉𝐚𝐩𝐚𝐧: 𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

Japan's coffee shop market is experiencing growth due to the fusion of traditional tea culture with modern coffee trends. The introduction of themed cafes and the adoption of innovative brewing methods are attracting a diverse customer base, contributing to market expansion.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/113030/

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚: 𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧

South Korea's coffee shop industry is witnessing consolidation, with major players expanding their footprint through mergers and acquisitions. For instance, JAB Holding Company has been active in acquiring coffee brands to strengthen its market position.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞: 𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧

Singapore's coffee shop market is updating its offerings to cater to a sophisticated clientele seeking artisanal and specialty coffee experiences. The emphasis on quality and unique customer experiences is driving the evolution of coffee establishments in the city-state.

𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧

The United States continues to see expansion in its coffee shop market, with major brands like Starbucks and McCafe leading the way. The focus on convenience and quality has led to the introduction of ready-to-drink coffee products, meeting the demands of a fast-paced lifestyle.

𝐄𝐮𝐫𝐨𝐩𝐞: 𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

Europe's coffee shop market is characterized by a rich café culture, with countries like France and Italy at the forefront. The market is evolving with the introduction of specialty coffee shops and a focus on sustainable sourcing, aligning with the continent's emphasis on quality and environmental consciousness.

𝐊𝐞𝐲 𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

The Kraft Heinz Company has expanded its coffee portfolio to include specialty blends, catering to the growing demand for premium coffee products.

The Coca-Cola Company has ventured into the coffee market through strategic acquisitions, aiming to diversify its beverage offerings and capture a share of the growing coffee segment.

𝐃𝐢𝐯𝐞 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/request-sample/113030/

𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐓𝐲𝐩𝐞

Specialty Coffee Shop
Mass Market

With the largest customer base for reasonably priced coffee, which is typically purchased in raw form from nearby cafés, restaurants, and grocery stores, mass market coffee shops are the market leader by type in the global coffee shop industry. Because there is a sizable consumer base that can afford to spend between US$1.50-3.50, which is a highly sought-after range for coffee, the mass market has significant potential on a worldwide scale. Targeting a specialized customer base, specialty coffee shops offer the most unusual coffee options at a premium price range. However, the popularity of specialty coffee shops is increasing as blue ocean businesses create big chains with low prices to get into the mass market.

𝐛𝐲 𝐂𝐢𝐭𝐲 𝐒𝐢𝐳𝐞

Metropolitan
Urban
Rural

When it comes to city size segmentation, metropolitan areas dominate. The greatest density of cafes, including both independent and chain cafes and restaurants, is found in metropolitan areas. There are 15,000 licensed cafés and restaurants in Hong Kong, with 20.4 cafes and restaurants for every 10,000 residents. Before opening a location in a new city, several coffee brands, including Starbucks, Dunkin' Donuts, and CCD, set particular population density requirements. With prospective brands including McCafe, Dunkin Doughnuts, CCD, and Nescafe outlets eager to invest, Tier 2 City is anticipated to expand over the next seven years.

𝐓𝐨 𝐋𝐞𝐚𝐫𝐧 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐒𝐭𝐮𝐝𝐲, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/market-report/global-coffee-shop-market/113030/

𝐂𝐨𝐟𝐟𝐞𝐞 𝐒𝐡𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

1. The Kraft Heinz Company
2. The Coca-cola company
3. JM Smucker Company
4. JAB Holding Company
5. Starbucks
6. McCafe
7. Tully's coffee
8. Ediya Espresso
9. Gloria Jean's coffees
10. Caribou Coffee
11. Caffe Nero
12. Doutor coffee
13. Coffee bean and Tea leaf
14. Nestle SA

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