Dublin, Jan. 21, 2025 (GLOBE NEWSWIRE) -- The "Coffee Market Report by Product Type, Distribution Channel, Regions and Company Analysis 2025-2033" report has been added to ResearchAndMarkets.com's offering.
Coffee market is expected to reach US$ 186.37 billion by 2033 from US$ 121.69 billion in 2024, with a CAGR of 4.85% from 2025 to 2033. The industry is expanding generally due to factors like shifting lifestyles, developing coffee culture among consumers worldwide, and rising disposable incomes.
The world's coffee market is dynamic and changing quickly due to rising consumption, shifting consumer tastes, and new product developments. Particularly among younger consumers, specialty coffee, premium blends, and convenience-driven forms like ready-to-drink beverages are becoming more and more popular. increased awareness of social and environmental issues is also reflected in the increased demand for coffee that is grown sustainably, organically, and ethically. Improvements in brewing technology and the growth of coffee chains, which further popularize coffee culture globally, boost the sector.
Furthermore, single-serve pods, creative brewing techniques, and the growing appeal of flavored coffees all support market expansion. The global coffee market is still thriving despite issues including supply chain disruptions, price volatility, and climate change. It has significant prospects for both new and established companies.
The market is greatly impacted by coffee bean output and availability. Coffee supply and prices can be impacted by a number of factors, including weather, natural disasters, illnesses that harm coffee plants (such coffee rust), and geopolitical difficulties. Among the top producers of coffee are Brazil, Vietnam, and Colombia; the volume of their output affects market dynamics.
In June 2023, the U.S. Department of Agriculture released a report predicting that Brazil's coffee harvest would yield 66.4 million bags in 2023-2024. Furthermore, it is anticipated that in 2023-2024, the coffee harvests in Vietnam and Colombia will total 31.3 million and 11.6 million bags, respectively.
Rising Coffee Consumption
Because of the growing middle class and the speed at which cities are developing, coffee consumption is rising rapidly worldwide, especially in emerging nations. Customers are more likely to buy coffee as a luxury beverage as well as a daily necessity as incomes and urban populations increase. Countries like China, India, and Brazil, where coffee culture is quickly taking off, are prime examples of this trend.
Specialty coffee is also becoming more and more popular as people want for distinctive flavors and premium brews. This need is further supported by the growth of coffee shops, cafes, and international coffee chains, which has produced a thriving market for both conventional coffee and cutting-edge, high-end blends. Coffee consumption is increasing as urban lifestyles get faster, which offers significant development potential.
Convenience and Ready-to-Drink Coffee
A major factor driving the coffee market is the rising demand for single-serve pods, instant coffee, and ready-to-drink (RTD) coffee, which appeals to time-pressed consumers who value convenience without compromising on taste or quality. RTD coffee provides customers with an on-the-go option, especially in cities where people's hectic schedules make ready-to-consume beverages more alluring.
Customers looking for convenience in home brewing are drawn to single-serve capsules, such those found in devices like Keurig or Nespresso, since they offer rapid brewing with little effort. Due to its price and convenience of preparation, instant coffee is still very popular. These formats provide a range of tastes and blends to satisfy the demands of time-pressed customers while guaranteeing accessibility and high-quality coffee experiences.
Innovation in Flavors and Formats
One of the main factors propelling the coffee market's expansion is innovation in flavors and formats. New tastes, premium blends, and inventive brewing techniques have been introduced as a result of consumers' growing need for varied and customized coffee experiences. This desire for quality and diversity is met by specialty coffees such flavored lattes, cold brews, and single-origin brews.
The industry has grown due to the popularity of plant-based substitutes like almond milk cappuccinos and oat milk lattes, which have drawn vegan and health-conscious customers who might have shunned dairy-based drinks in the past. Coffee is now more inclusive and appealing to a wider spectrum of consumers thanks to these developments, which also take into account broader nutritional trends and changing taste preferences. The coffee market keeps diversifying as new products appear, attracting new market niches and broadening its reach internationally.
Price Volatility
Price volatility is a major problem for the coffee business since several factors affect the price of raw coffee beans. Coffee crop production may be adversely affected by climate change, including droughts and erratic weather patterns, particularly in key producing nations like Brazil and Vietnam. Coffee leaf rust and other crop diseases pose an additional danger to supply.
Global supply networks may be disrupted by trade policy and geopolitical unrest, which could raise prices. It is challenging to forecast pricing trends because of the uncertainty these factors cause for coffee growers, roasters, and consumers. The cost of completed goods, such as coffee drinks and packaged coffee, may rise in tandem with the price of raw coffee as a result of these outside forces, which could lower demand and jeopardize the stability of the coffee market.
Competition from Alternatives
Energy drinks, plant-based beverages, and other caffeinated substitutes are becoming a bigger threat to the coffee market, especially among younger, health-conscious consumers. Alternatives like oat milk lattes, almond milk cappuccinos, and vegan-friendly coffee options are becoming more and more popular as plant-based diets gain traction because they provide a range of options that appeal to people who eschew dairy or animal products
Energy drinks and tea-based beverages, which provide caffeine along with additional health advantages like vitamins or electrolytes, are also becoming more popular as practical, convenient substitutes for coffee. Customers looking for novelty, diversity, or healthier options are drawn to these rival items. In order to preserve their market share and satisfy changing customer tastes for both flavor and wellness, conventional coffee brands must adapt as the demand for new substitutes grows.
Instant coffee dominates due to unmatched convenience, fast preparation, and affordability
The brief dissolvability of soluble espresso granules caters to the quick-paced lifestyles of Consumer, presenting an instant caffeine restoration without the need for a brewing system. Moreover, its extended shelf existence and easy storage contribute to its reputation. Cost-effectiveness and accessibility make instant coffee a staple in various regions and attractive to an extensive demographic. Despite the growth of the area of expertise in coffee culture, the ubiquity of instant coffee continues to solidify its role as a convenient and broadly consumed beverage on a global scale.
Online platforms lead global coffee market, transforming purchasing and enjoyment experiences
E-commerce and online coffee subscriptions provide unprecedented comfort, enabling consumers to discover numerous roasts and origins from the comfort of their homes. The digital space helps direct connections between forte coffee producers and enthusiasts, fostering a dynamic and handy market. Online opinions and guidelines similarly affect customer alternatives. With the growing preference for contactless transactions and the ability to tailor orders to individual choices, online structures redefine the coffee market landscape, providing a seamless and customized coffee shopping experience for a vast and numerous international target audience.
Company Analysis: Overview, Recent Developments, Revenue Analysis
- Starbucks
- Nescafe
- The Kraft Heinz Company
- Lunchin Coffee
- J M Smucker
- Coca cola
- Dutch Bros
- Keurig Dr Pepper
- JDE PEET'S N.V.
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Coffee Market
6. Market Share
6.1 By Product Type
6.2 By Distribution Channel
6.3 By Country
7. Product Type
7.1 Instant Coffee
7.2 Ground Coffee
7.3 Whole Grain
7.4 Others
8. Distribution Channel
8.1 Supermarket/Hypermarket
8.2 Convenience Store
8.3 Online Platform
8.4 Others
9. Country
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Latin America
9.2.1 Brazil
9.2.2 Mexico
9.2.3 Argentina
9.2.4 Colombia
9.3 Europe
9.3.1 European Union
9.3.2 United Kingdom
9.3.3 Russia
9.3.4 Switzerland
9.3.5 Turkey
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Philippines
9.4.5 Indonesia
9.4.6 Korea, South
9.4.7 Vietnam
9.4.8 Australia
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 Morocco
9.5.3 Algeria
9.5.4 Ethiopia
10. Porter's Five Forces
10.1 Bargaining Power of Buyer
10.2 Bargaining Power of Supplier
10.3 Threat of New Entrants
10.4 Rivalry among Existing Competitors
10.5 Threat of Substitute Products
11. SWOT Analysis
11.1 Strengths
11.2 Weaknesses
11.3 Opportunities
11.4 Threats
12. Company Analysis
12.1 Overview
12.2 Recent Development
12.3 Revenue
For more information about this report visit https://www.researchandmarkets.com/r/9av1h5
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