Global Coffee Market: Expanding at a CAGR of 7.1%, Fueled by Changing Consumer Preferences and Surging Demand

Coffee market to grow from $69.06 billion in 2024 to $73.98 billion in 2025 with varied flavours and types contributing to the incline.

What Is The Projected Market Size Of The Global Coffee Market And Its Growth Rate?

• The coffee market is segmented by type into Cold Brew Coffee Concentrate, Iced Coffee Concentrate, Top Roast Coffee Concentrate, Black Coffee Concentrate.
• The market varieties include Arabica and Robusta.
• Caffeine content is either Regular or Decaffeinated.
• Distribution Channels include Supermarkets And Hypermarkets, Online Store, Convenience Stores.
• The coffee market is projected to achieve a size of $73.98 billion in 2025, growing at a CAGR of 7.1% from its size of $69.06 billion in 2024.

What Is Driving The Growth In The Coffee Market?

The surging coffee consumption largely drives the coffee market growth. The changing consumer preferences coupled with evolving lifestyle demands have spiked demand for artisanal and craft coffee products. Globalization and trade have promoted the market's expansion further. Coffee concentrate, essence, and extract market have witnessed considerable growth owing to this surge in consumption, particularly fostering the market's ascension.

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Who Are the Key Players Driving Coffee Market Growth?

• The increasing demand for new and unique flavors propels the growth of the coffee concentrate, essence, and extract market.
• Consumers seeking novel taste experiences encourage product innovation and the introduction of a diverse flavor profile.
• The popularity of artisanal and craft beverages and the rise of flavored cold brews further contribute to the market's expansion.
• For instance, around 80% of coffee enthusiasts personalize their beverages using flavored coffee syrups according to a report from Simpsons Beverage Supply Co Ltd., a UK-based flavor manufacturing company in September 2022.

What Are The Key Trends In The Coffee Market?

• Changing consumer preferences
• Convenience and on-the-go lifestyles
• Rising demand for artisanal and craft coffee products
• Globalization and trade

What Are The Segments Of The Global Coffee Market?

• By Type: Cold Brew Coffee Concentrate, Iced Coffee Concentrate, Top Roast Coffee Concentrate, Black Coffee Concentrate
• By Variety: Arabica, Robusta
• By Caffeine Content: Regular, Decaffeinated
• By Distribution Channels: Supermarkets And Hypermarkets, Online Store, Convenience Stores

Which Region Leads The Coffee Market?

The acquisition of Kohana Coffee, a US-based provider of coffee extract with an RTD-focused business in California, by Westrock Coffee in November 2022 marked a significant regional update. The acquisition will bolster the development, production, and distribution of RTD products in cans and multi-serve bottles to both Kohana Coffee and Westrock Coffee's customers.

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What Is Covered In The Coffee Market Global Market Report?
- Market Size Analysis: Analyze the Coffee Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Coffee Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Coffee Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Coffee Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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