Farmington, Jan. 19, 2023 (GLOBE NEWSWIRE) -- The Global Coffee Market Size Is Anticipated To Reach USD 1,43,828.7 Million By 2029, Registering A CAGR Of 5.12% During 2023 And 2030. Coffee is a drink that is made from water and roasted coffee beans. Some types of coffee plants have berries that contain these beans as seeds. When green coffee beans turn a bright red colour, they are picked, processed, and then dried. When the colour changes, the berries are ready. The caffeine in coffee makes you feel more awake, which is likely to be a big reason why the global coffee market will grow from 2020 to 2030, which is the time frame of the analysis.
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Recent Developments:
- In September 2022, CoffeeB, a Swiss coffee company, made a new type of compressed coffee balls that it calls "the next generation of single-serve coffee." It makes a capsule that keeps its shape by using wrappers made of seaweed instead of aluminium or plastic.
- In June 2022, Reliance Brands Ltd. announced a strategic partnership with Pret a Manger, a global chain of restaurants with fresh food and organic coffee, for the brand's launch and growth in India.
- In December 2021, FNC introduced a line of coffees made by women as a way to make the brand stand out.
Segment Overview
By Product Type
Depending on the type of coffee, the global coffee market is split into fresh coffee and coffee pods and capsules. In 2019, the fresh coffee segment made up 84.99% of the market. But the market for coffee pods and capsules is expected to grow faster, at a compound annual growth rate (CAGR) of 7.88% from 2022 to 2030.
By Category
The types of coffee make up the conventional and organic segments of the global coffee market. In 2019, the conventional segment made up 85.35 percent of the market. But between 2022 and 2030, the organic segment is expected to grow at a faster rate of 5.46 percent per year.
By Distribution Channel
On the global coffee market, there are places that sell coffee and places that don't. The store-based segment is further divided into supermarkets and hypermarkets, convenience stores, and other stores. In 2019, the store-based segment made up 72.51% of the market. On the other hand, the non-store-based segment is expected to grow faster, at a rate of 5.51% per year from 2022 to 2030.
Regional Outlook:
In 2019, 36.08% of the market was in Europe. Over the next five years, the market is expected to grow at the fastest rate, with a CAGR of 4.72%. Asia-Pacific was the second largest market in 2019, and it is expected to grow at a rate of 5.57 percent per year (CAGR).
Europe is a great place to live if you make coffee. Europe made up 36.08 percent of the market in 2019, and from 2021 to 2028, it is expected to grow at a high CAGR of 4.72 percent. The regional market is so big because of things like the growing demand for different flavours and packaging, the development of new products with better technology, the growing demand for easy-to-use coffee capsules and pods, and the use of automatic bean-to-cup machines. Also, the most coffee is drunk in the world in many European countries. Finland, Norway, Iceland, Denmark, the Netherlands, Sweden, Switzerland, Belgium, Luxembourg, and the United Kingdom are the countries that drink the most coffee in the world. Strategic partnerships and collaborations between the major players are likely to help the growth of the market in the region. For example, Nescafé and Starbucks signed a long-term licencing deal in May 2018. Through the partnership, Nescafé will be able to sell Starbucks products in Europe, Asia, and Latin America. Nestlé S.A., The Kraft Heinz Company, Luigi Lavazza S.p.A., and Dualit Limited all have their headquarters in the area, especially in Italy. The market grows because of this.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 5.12% from 2023 to 2030. |
| Revenue Forecast by 2029 | USD 1,43,828.7 Million |
| By Product Type | Fresh Coffee, Coffee Pods & Capsules, Other |
| By Category | Conventional, Organic, Other |
| By Distribution Channel | Store-Based, Non-Store-Based, Others |
| By Companies | Nestle SA (Switzerland), Tata Global Beverages Limited (India), Illycaffè S.p.A. (Italy), Keurig Dr. PepperInc. (US), Starbucks Corporation (US), The Coca Cola Company (US), Jacobs Douwe Egberts (Netherlands), Strauss Group Ltd (Israel), The Kraft Heinz Company (US), The J.M. Smucker Company (US) |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Drivers:
People around the world drink coffee more than any other drink. The coffee market in North America is big, and almost 71% of people in the US drink coffee every day. Europe's coffee market is growing because people are buying more specialty coffee and single-serve methods. The International Coffee Organization (ICO) says that the world exported 11.11 million bags of coffee in February 2020, which is 2.6% more than the 10.83 million bags that were exported in February 2019. Based on the most recent information from the International Coffee Organization (ICO), Europe was the biggest coffee consumer in the world. Asia-Pacific and North America are also important places where a lot of people drink coffee. Also, an ICO report says that the amount of coffee people in Europe drank went up by 2.6% between 2016/17 and 2019/20. Between 2016/17 and 2019/20, coffee consumption went up 2.7% in North America and 2.1% in Asia Pacific. People around the world are learning more about how good coffee is for their health, which is a big reason why coffee sales are going up. Also, many coffee companies are coming up with new products to take advantage of growth opportunities in emerging economies, where cities are growing quickly and people's disposable income is going up. People are drinking more coffee in many South East Asian countries, like Indonesia, the Philippines, Thailand, and Malaysia. The number of cafes and places to buy drinks is growing all over the world, which helps the coffee market grow. Since more and more people around the world drink coffee, the market is likely to grow during the review period.
Opportunities:
The number of people buying organic coffee is rising quickly. Most of this growth is due to changes in technology, competition, and new ways of marketing, especially in places where there is a lot of competition. People all over the world are also becoming more worried about their health, which has led them to prefer organic foods. People are more likely to buy organic coffee, which is made without chemicals like most pesticides, herbicides, and fertilisers. Organic coffee is becoming more popular because it is good for your health and doesn't have any toxins left over from synthetic fertilisers, herbicides, pesticides, artificial flavours or colours, or preservatives. People also think that organic coffee is good for the environment because no chemicals are used to make, process, or package it. It doesn't hurt the environment in any way.
People want organic products, so this gives people in the global coffee market a chance. People think that Australia is the country where the most organic coffee is drunk. In August 2018, Lavazza released Tierra Bio-Organic, its first organic coffee in Australia. Also, the demand for organic coffee is growing not only in developed countries but also in some developing countries. This gives people in the market a chance to grow and expand.
Key Segments Covered:
Top Market Players:
Nestle SA (Switzerland), Tata Global Beverages Limited (India), Illycaffè S.p.A. (Italy), Keurig Dr. PepperInc. (US), Starbucks Corporation (US), The Coca Cola Company (US), Jacobs Douwe Egberts (Netherlands), Strauss Group Ltd (Israel), The Kraft Heinz Company (US), The J.M. Smucker Company (US), and others.
By Product Type
- Fresh Coffee
- Coffee Pods & Capsules
- Other
By Category
- Conventional
- Organic
- Other
By Distribution Channel
- Store-Based
- Non-Store-Based
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
Check out more related studies published by Contrive Datum Insights:
- Organic Tea Coffee Market - The Global Organic Tea & Coffee Market size is estimated to reach $2.6 billion by 2027. Furthermore, it is poised to grow at a CAGR of 6.1% over the forecast period. Asia Pacific held a 37% market share compared to other regions in 2021.
- Coffee Beverages Market - The global Coffee Beverages market is projected to grow at a CAGR of 7.57% in the forecast period 2021 to 2028. Asia-Pacific excluding Japan is expected to be the leading markets in the global coffee beverages market followed by Europe.
- RTD Coffee Market - The RTD Coffee Market size was valued at USD 26.3 Billion in 2022 and is expected to reach USD 42.36 Billion by 2030, growing at a CAGR of 8.3% during the forecast period. The Asia Pacific is anticipated to maintain its domination in the RTD Coffee market at a CAGR of 9.2% during the forecast period.
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