Dallas, Texas, Oct. 20, 2022 (GLOBE NEWSWIRE) -- According to recent studies, the market size of global specialty coffee market for 2022-2030 is estimated to grow close to $155.67 Bn at a CAGR of 12.78% during the forecast years.
Consumers nowadays demand the best coffee from around the world. As a result, planters are developing finer strains and unique processing techniques. This helps in processing the intrinsic quality of coffee and producing customized coffee for gourmet coffee drinkers. Specialty coffee has become the world’s favorite beverage with an estimated 3 billion cups relished every day. Due to good inherent qualities, distinct flavor, and high quality with dense beans that differ from normal coffee, specialty coffee is experiencing greater market prominence.
The global specialty coffee market is predominantly determined by the factors such as growing demand, increasing health awareness, stock movements, intensified trade activities in coffee planters in coffee-producing countries, and an increase in export to key consuming countries.
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Global specialty coffee market scope:
| Metrics | Details |
| Study Period | 2020-2030 |
| Market Size in 2030 | USD 155.67 Bn |
| Segment Covered | by Grade, Application, by Region, |
| by Grade Covered | 80-84.99, 80-84.99 and 90-100 |
| Application Covered | Home and Commercial |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Key Players Profiled | Blue Bottle Coffee Inc, Keurig Green Mountain, Inc, Caribou Coffee Company, Inc. La Colombe Torrefaction, Inc, Eight O'Clock Coffee Company, Luigi Lavazza SPA, International Coffee & Tea, LLC, Jammin Java Cor, The J.M. Smucker Company, and Strauss Group Ltd |
Additionally, the elimination of pandemic-related lockdown measures in significant exporting nations increased consumer confidence as a result of the economy's recovery, and vaccine programs all point to more promising futures for the specialty coffee industry worldwide.
However, the specialty coffee industry is facing a severe crisis situation. The key forces are heavy incessant rains in coffee-growing regions leading to landslides or floods. Additionally, the already-fragmented market was affected by increased price volatility, rising manufacturing costs, rising labor prices, and input costs. In addition, the covid-19 outbreak produced an abrupt halt in production, which has hampered the market. Other problems include increased transport costs, a shortage of containers, and orders that were delayed in shipping.
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On the other side, relaxing COVID-19 lockdown limits, reduced virus impact, and consumers recovering confidence increased the market's potential. The consumption of specialty coffee is on the rise, which is expected to provide the worldwide specialty coffee market with development prospects.
The global specialty coffee market is classified into decaffeinated coffee, organic coffee, high-grown coffee, estate coffee, and variety coffee on the basis of type. Among these, the decaffeinated coffee and organic coffee segments are the most prominent segments preferred by consumers. The key reasons are the growing health consciousness and the protection of the environment. Estate coffee (single-origin coffees) has distinct flavors and unique aroma characteristics. However, estate coffee needs special processing techniques which makes it more expensive. This is slowing down the market of estate coffee.
APAC dominates the global specialty coffee market. APAC nations including Ethiopia, Colombia, Vietnam, Brazil, India, and other places grow more than 70% of the world's specialty coffee. The production in these nations is significant for the entire world. These nations stand out from the competition in the production and market of specialty coffee thanks to their superior coffees, clear origins, meticulous farming practices, careful treatment during harvesting, distinctive processing, distinctive branding, and attractive appearances.
Here Are the Most Innovative and Cutting Edge Trends In Specialty Coffee Market:
• Cold Brew Coffee: The sales of cold brew coffee are estimated to cross $ 1Bn by 2025 due to its exciting flavor, unique characteristics, large range formats, and more offered in the category.
• Plant-Based Innovation: Plant-based innovation also is a new global specialty coffee market influencer. Global coffee brands are showcasing coffee beans from different countries such as Costa Rica, Guatemala, Ethiopia, Indonesia, and Others. Global flavors such as Chai, Horchatag, Matcha, and many more are being introduced in the market.
Important Points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Specialty Coffee Market by Grade
5.1 Introduction
5.1.1 70-74.88
5.1.2 75-78.88
5.1.3 80.90
Chapter 6 Specialty Coffee Market by Application
Chapter 7 Specialty Coffee Market By Region
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 France
7.3.3 UK
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Middle East & Africa
7.5.1 UAE
7.5.2 South Africa
7.5.3 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Rest of South America
Chapter 8 Competitive Landscape
Chapter 9 Company Profiles
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